Bank account used by someone else. What are the repercussions? 14 February at 10:56AM in Budgeting & bank accounts 5 replies 772 views

NornIronRose

During my marriage I was pressed into opening a share dealing account in my name, but for my husband's use. I am now locked out of it as he had changed it to his email address and he can't remember his password. Has tried too many times so now it can't be accessed online. I have managed to sell the shares and the money is now sitting in the account. 
He wants me to close the account and to transfer the money back to him. I did go into the branch, told them I had managed to lock myself out and they said I just had to come into the branch with ID and the card and they could help me. I accidentally put the card in a bag with post for him, so I don't have the card any more, and can't have contact with him to get the card back. 
So the question is, will I get into trouble if I go into the bank and tell them that he has been the one using the account? I know it is against the T&C to let someone else use the account but I didn't have a choice. There is a fair bit of money there. It is all his money, none of mine. 

Band7

Just tell them you lost your card. No need yo wake sleeping dogs.

grumbler

NornIronRose said:

I accidentally put the card in a bag with post for him, so I don't have the card any more, and can't have contact with him to get the card back. . 

Report the card lost and order a replacement.

eskbanker

NornIronRose said:

He wants me to close the account and to transfer the money back to him. I did go into the branch, told them I had managed to lock myself out and they said I just had to come into the branch with ID and the card and they could help me. I accidentally put the card in a bag with post for him, so I don't have the card any more, and can't have contact with him to get the card back.

If he's asked you to retrieve his money for him, and you've agreed, as well as forwarding post to him, then surely you're already in contact and he can send the card back to make this happen, as it's obviously in his interests to do so?

NornIronRose

I went into the bank today and they have ordered me a new card. She also checked for me that it is my email address and correct postal address. So hopefully the problem is now solved. Once I get the card, I can close the account. 
Thanks everyone for the help and encouragement. 

NornIronRose

All done. Thank you for the help and advice when I needed it most.