Q: How long can a bank hold money waiting on a check to return
My daughter had a check deposited into her account without her knowledge and now the bank has put hold on my tax return money because of it. I am not on her account she is 27 years old and has been on my savings account since she was 5 or 6. Well when she opened her personal account some how the bank linked her to mine. She is still as of this day listed as a minor on my account but they are holding my money waiting on a check to return and they have closed her checking account completely but won't release my money it has been 6 months since this happened
A: If you and your daughter have any joint accounts, and if either of you deposits a bad check that causes the bank to lose any money you can expect the bank either to debit your other account(s), or freeze your other accounts, or put a "hold" on your account so they can closely examine any other transaction that come through.
Best solution: Close all the joint accounts you have with your daughter and open new accounts in your name only.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.