Joint account closure help please

rb10

jonesMUFCforever wrote: »

I stand corrected then with Halifax - other banks operate differently.

Really?

Lloyds_TSB_T&Cs wrote:

If two or more of you are party to this agreement, the following terms apply:
(a) Any of you can give us instructions independently of the others on your joint accounts. This means any one of you can, for example, [...] close an account [...]

http://www.lloydstsb.com/media/lloydstsb2004/pdfs/cra.pdf

HSBC_T&Cs wrote:

22.1 Unless this conflicts with another authority
given in writing on the joint account, and until any one of you cancels this authority, you authorise us to:
[...]
• accept instructions signed or given to us by any one of you to act on behalf of you all in all other transactions with us, including [...] closing accounts in your joint names.

http://www.hsbc.co.uk/1/PA_1_5_S5/content/uk/pdfs/en/personalbankingterms_conditions.pdf

So there's three of the big banks who allow just one person to close a joint account, how many more do you want?

never-in-doubt

rb10 wrote: »

Really?

So there's three of the big banks who allow just one person to close a joint account, how many more do you want?

Careful, we'll run out of banks at this rate :rotfl::rotfl::rotfl:

sativa_2

Just to take it a step further, The account IS in dispute and has been frozen since sept 09 so im protected, but this seems to have trapped me.

I went into Halifax bank this week and they didnt seem sure, so the assistant, went to speak to management who said, it will need both signatures to take it out of dispute

Also to remove a name will take both signatures

and also to close it will take both signatures.

That said im interested in the t's and c's posted here that state it can be closed by either signatory since my wife (soon to be ex) is planning to leave the country which will make getting a signature harder than ever. if thats possible!.

I shall right directly to Head office and refer them to their own terms and conditions and issue a summons on them for breach of contract if they refuse.

Also i shall write to the credit ref agencies asking to dissassociate me, however, is this possible if there is a joint account in existance?

The associatiopn is definately affecting my credit worthiness since she has unpaid credit debts in her sole name but we are associated via the halifax joint.

Thanks so much. Any further comments very much appreciated.

sat

thumshie

rb10 wrote: »

Really?

So there's three of the big banks who allow just one person to close a joint account, how many more do you want?

Calm down, Calm down....:D

Just to stoke the flames a bit even Halifax contradict their Ts&C's:
http://www.halifax.co.uk/bankaccounts/closingyouraccount.asp

Please don't forget to sign the form, without your signature we can't carry out your request. For joint accounts, you both need to sign.

never-in-doubt

thumshie wrote: »

Calm down, Calm down....:D

Just to stoke the flames a bit even Halifax contradict their Ts&C's:
http://www.halifax.co.uk/bankaccounts/closingyouraccount.asp

LOL - exactly what they showed me and expected me to do as well! :mad::mad::mad:

vaporate

Why do ppl bother with joint accounts? It only leads to hassle and trouble.

Stay in control of your money by having one account holder, YOU.

sativa_2

vaporate wrote: »

Why do ppl bother with joint accounts? It only leads to hassle and trouble.

Stay in control of your money by having one account holder, YOU.

Hi folks.I read the t's and c's and it does say either can APPLY to close the account. I guess they will say, well you can apply, but to actually close it we need both although that ISNT part of the agreement i signed up for.Anyway, i sent a rather condescending letter to them,
a) close the account as per t's' and c's clause 23.
b) If you refuse to adhere to your own agreement, i wish to make the account BOTH to sign. this pulls in another clause whereby THEY close the account and offer two seperate accounts to each account holder.
c) If you refuse to adher to that part of your agreement, then i hereby submit notice to terminate our agreement according to clause 28 in your own t's and c's.I enclosed my cut up card and the printed out T's and C's.
I am gob smacked their website says both must sign whereas the T's and C's dont say that. Hence i also told them if they refuse ANY of my three options i will take them to court to close the account for breach of contract. That will be fun.
In retrospect, joint accounts are a pain. however, i needed this one to support my wife overseas. it was useful, but now she hates my guts since getting married, its not so useful. hmmm.
Thanks folks, i shall post an update

vaporate

sativa wrote: »

Hi folks.I read the t's and c's and it does say either can APPLY to close the account. I guess they will say, well you can apply, but to actually close it we need both although that ISNT part of the agreement i signed up for.Anyway, i sent a rather condescending letter to them,
a) close the account as per t's' and c's clause 23.
b) If you refuse to adhere to your own agreement, i wish to make the account BOTH to sign. this pulls in another clause whereby THEY close the account and offer two seperate accounts to each account holder.
c) If you refuse to adher to that part of your agreement, then i hereby submit notice to terminate our agreement according to clause 28 in your own t's and c's.I enclosed my cut up card and the printed out T's and C's.
I am gob smacked their website says both must sign whereas the T's and C's dont say that. Hence i also told them if they refuse ANY of my three options i will take them to court to close the account for breach of contract. That will be fun.
In retrospect, joint accounts are a pain. however, i needed this one to support my wife overseas. it was useful, but now she hates my guts since getting married, its not so useful. hmmm.
Thanks folks, i shall post an update

Hope it all works out.

All the best.

sativa_2

no update yet, they must be scratching their head.

jonesMUFCforever

If only you could channel your energy to do something useful with your life LOL.