When I first got a job, my parents helped me set up a joint bank account. Now that I’m in college and far from home, I’d like to have my own account. How can I remove their name from the account?
Hey Lenny, Open a new account, ideally with a different bank. Transfer the funds from the old account to the new one. After the transfer is complete and the funds are cleared, close the old account.
Hello , At Wells Fargo, you have two options. Either bring your dad to the branch to sign off on removing himself from the account, or visit any Wells Fargo branch (preferably with an appointment) to request closing and reopening the account to remove him. If you need to keep the same account number, you can coordinate with both branches—your father can visit his branch, while you visit yours—and the bankers can handle the process over the phone. You’ll need to arrange this with both branches beforehand.
Hey Fam, If you’re trying to achieve something similar, you could tell the bank that your parents are taking money from your account. When I was 15, I managed to transfer a joint account with my mother solely into my name by walking to the bank during my high school lunch break. They didn’t question it at all, and it was with Wells Fargo.
Hello, You can just open a new account then transfer the funds to the new account and finally close the old joint account, it is that simple.