Dover, NH asked in Banking for New Hampshire

Q: If I’m the secondary account holder/shared account holder for a bank account do I have equal rights to the funds?

It’s a holy rosary credit union account if that helps

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1 Lawyer Answer
Ana Maria Del Valle-Aguilera
Ana Maria Del Valle-Aguilera
  • Business Law Lawyer
  • Miami, FL

A: You need the Terms & Conditions given at the time of account opening (or the latest published version, usually available at branch locations for customers that request it.) Some banks may have it online for download, especially if you have online banking. The account may read "A or B" or A and B". the Terms and Conditions would specify the rights of each account holder in a joint or multi-party account. Usually joint account holders (be it "and" or "or" between the names) have equal rights to the funds, but it is best to review the Terms and Conditions on the account. If they Terms and Conditions refer you to local law, then you should contact an attorney that can provide you with legal advice based on New Hampshire law. Before talking to an attorney, make sure to obtain a copy of the Terms and Conditions on the account, as well as a copy of the account application, or at least the signature card (which should reflect the title in the account.)

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