Coming off a joint bank account.

YorkshireBoy

PippaGirl wrote: »

Lloyds

My tablet can't open pdf's so hopefully the t&c's will be available in another format.

She'll have the paper copy Lloyds sent her when the account was opened.

Condition 12.1(i) says

If two or more of you are party to this agreement, the following terms apply:

If we become aware of a dispute between you, we may take steps to prevent any of you giving instructions or using the account individually until the dispute is ended.

So that's only a "may", not a "will". However, condition 12.1(a) says...

Any of you can give us instructions independently of the others on your joint accounts. This means any one of you can, for example, withdraw all or any money on an account without the knowledge of the others, close an account...

...so that's her approach. If they disagree, then lodge a formal complaint...but giving her debit card back and walking away was a bad move!

colsten

You can close a joint Lloyds account without the agreement of the other person. But obviously, the account needs to be in credit before it can be closed.

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, withdraw all or any money on an
account without the knowledge of the others,
close an account or end a service, ask for
statements and correspondence to be given
electronically alone or by paper too, and apply
for overdrafts, cards and other services or
different accounts with benefits packages which
are covered by this agreement, and which are
available on your joint accounts.

colsten

marleyboy wrote: »

Play them at their own game. Come the next pay day going in. go to the bank and withdraw the lot. Agreeing to return the money ONCE partner has agreed to meet in the bank and have name removed. Or face the wrath of the next Months wage removal service.

You will be surprised just how quickly they want that name removed.

This sounds a very dangerous game which might just lead to even higher charges, as well as more aggro between the account holders.

PippaGirl_2

I'm going to get dd to check online what date payday is, the likelihood of the account going in to credit on that day (and if not, how much not by and whether family members could help with the shortfall) and go in branch that day and close the account. Oh I really hope this works.

System

It's the bank that you'd need to pursue this through.

I'd suggest going in at the start of 'credit window' and put in a written instruction to close the account. If the bank staff refuse, then put lodge it as formal complaint.

They shouldn't be unfreezing joint accounts without both account holder's consent.

PippaGirl_2

How long does it take for the bank to action a request for closure? I'd thought it would be instant if dd went into the bank with the request verbal and in writing for their records. If it takes days the partner is likely to have gone back in the black and we wouldn't know by how much at the given point the shortfall is to manage to close it. Any shortfall dd puts in before it closes will be instantly spent by the partner. I'd thought the only way round this was to close it instantly while it's in credit and get a cheque for the balance payable to the partner. If there is one.

System

They can close it in minutes but it sounds like they are playing games.

They may try to fob off your DD by saying they need both account holder's consent. If they do this, then he should still give them a written instruction and lodge it as a formal complaint.

PippaGirl wrote: »

How long does it take for the bank to action a request for closure? I'd thought it would be instant if dd went into the bank with the request verbal and in writing for their records. If it takes days the partner is likely to have gone back in the black and we wouldn't know by how much at the given point the shortfall is to manage to close it. Any shortfall dd puts in before it closes will be instantly spent by the partner. I'd thought the only way round this was to close it instantly while it's in credit and get a cheque for the balance payable to the partner. If there is one.