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Ohio Banking Questions & Answers
1 Answer | Asked in Banking for Ohio on
Q: If someone makes a large purchase of over 10k and the irs starts investigations but cannot find anything, what happens?

They cant find ANY details on where the cash came from. The person in question denys to answer ANY questions.

Ana Maria Del Valle-Aguilera
Ana Maria Del Valle-Aguilera answered on Jun 25, 2020

The IRS can issue an IRS Summons to any banking institution involved in the transaction (the bank that received the funds, for example), requesting copies of bank statements, wire transfers sent or received, ACH transactions, etc., and trace where the money came from. Unless it was a cash purchase... Read more »

1 Answer | Asked in Banking, Probate and Estate Planning for Ohio on
Q: Is you have a shared bank account with your wife can you leave the money in it to your kids in your will?

Your husband dies and in his will he left all the money in your shared savings account to his kids from a previous marriage. The savings account has all the money you need to live off of. Can the kids legally take all that money from you even tho that’s your money you have been saving? There is... Read more »

Paul Kellogg
Paul Kellogg answered on Jun 25, 2020

It is very settled law in Ohio that joint bank account passes to the surviving joint owner in the event of the death of the other co-owner. The account does not pass through probate and is not controlled by the terms of the will.

2 Answers | Asked in Banking, Civil Litigation, Consumer Law and Contracts for Ohio on
Q: how do i get my name off a joint loan with ex husband

my name is on a joint loan with ex husband. how do i get my name off. he's ruining my credit by not paying. divorce decree stated he is solely responsible for repayment.

Joseph Jaap
Joseph Jaap answered on Apr 29, 2020

You can talk to the lender, but lender likely will not agree to take you off. So the loan would have to be refinanced. If ex won't refinance or pay, then file with the court to have ex held in contempt. Talk to your divorce attorney, or use the Find a Lawyer tab to retain a local divorce... Read more »

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2 Answers | Asked in Banking and Civil Rights for Ohio on
Q: I feel as though my bank is discriminating against me, what are my options available?

I opened an account with a bank, and hardly used it for almost a year. During that time period, the amount of funds never went past $500, or negative. My intent was to switch banks once I felt more comfortable with the establishment. Well, my first major transaction was flagged, and without... Read more »

Matthew Williams
Matthew Williams answered on Apr 13, 2020

I think your bank suspects you fraud. It’s not discrimination. What you’ve done is highly suspicious. It may be legitimate but they are going to investigate.

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1 Answer | Asked in Banking for Ohio on
Q: I had two checking accounts one was closed by my bank cuz I failed to pay the balance off so they took money out

I had two checking accounts one was closed by my bank cuz I failed to pay the balance off so they took money out of my current account at the bank to pay can they do that

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Feb 11, 2020

Yes. Banks are allowed to recover any money they lost from any source available. The solution is to spread your money around and not keep all of it in one basket.

2 Answers | Asked in Banking, Estate Planning and Probate for Ohio on
Q: Grandma passed away jan 2018 wit money n a bank account can i file probate for it if there is nobody contesting it
Michael K. Ruberg
Michael K. Ruberg answered on Nov 5, 2019

There are several questions that need to be asked.

How much money is in that account?

Did she have any other property?

Did your grandma have a will?

If not her inheritance would be governed by the Ohio laws of intestate succession.

So the next question would...
Read more »

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1 Answer | Asked in Banking for Ohio on
Q: I have a question, I had 8,865.24 put into my account by a company and spent some of it, I need help on this.

I signed a contract and the guy called me after I signed the contract about paying him back, I need help with this. Thank you.

Matthew Williams
Matthew Williams answered on Nov 1, 2019

We need a lot more detail to assist you. What was the payment for? What work have you done? Supplies purchased? Etc.

1 Answer | Asked in Banking, Business Formation and Business Law for Ohio on
Q: I help with an online business that isnt an actual established business, kind of like selling stuff on facebook.

over the past month I helped with collecting the payments and sending them to the vendor for the items. The vendor never shipped any items, she made fake tracking numbers, and etc. People are saying they are going to report me because I took their payment but I have proof from my bank account that... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Aug 5, 2019

Since you saw the need to double down and admit to being involved in further cybercrimes I saw the need to repeat my advice posted in answer to your earlier question.

Based on your own description of the "online business" that you say you "help run" it will be hard for...
Read more »

2 Answers | Asked in Banking, Business Formation and Business Law for Ohio on
Q: I help run an online business, and I need advice

over the past month I helped with collecting the payments and sending them to the vendor for the items. The vendor never shipped any items, she made fake tracking numbers, and etc. People are saying they are going to report me because I took their payment but I have proof from my bank account that... Read more »

Matthew Williams
Matthew Williams answered on Aug 4, 2019

You should hire an attorney to go through the transactions, the customer complaints, and the rest of your business to help you prepare to defend allegations that you are part of the scam.

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2 Answers | Asked in Banking and Bankruptcy for Ohio on
Q: Bank took $100 out of my account after I filed Chapter 7.

My wife and I entered Chapter 7 bankruptcy just 5 days ago. 3 days ago my bank removed #100 from my checking account, and when I contacted them, they verified it was them and they took it for "processing" the bankruptcy notice. This account has been positive and current for 15 years, with... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Jul 5, 2019

The bank did not "levy" your account. The bank imposed a service charge that they (presumably) informed all their customers would happen if the customer caused the bank significant work processing the notice of bankruptcy papers they received. (BTW: Your bankruptcy lawyer should have... Read more »

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2 Answers | Asked in Banking, Business Law and Consumer Law for Ohio on
Q: I was informed and given a letter that I was approved for a $60000 home equity loan but they changed the amount.

I got a letter saying I was approved for a $60000 home equity loan. The next day I was called and told that they were wrong and it was only $40000. The next day I received a letter that stated I was approved for the amount of $60000 signed by a loan officer. I was later informed they wrongfully... Read more »

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Jun 18, 2019

Do about what? You asked for $60,000 and you are getting $60,000. Where's the beef?

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1 Answer | Asked in Banking and Civil Litigation for Ohio on
Q: If I cashed a check that I did not know what had a stoppage on it in 2015, a collection agency threatened legal action,

Can I be prosecuted under statute of limitations in 209?

Bruce Alexander Minnick
Bruce Alexander Minnick answered on Jun 5, 2019

Your question is unclear. If you cashed a bad check in 2015, it may be too late for law enforcement to do anything about it. But that does not mean a collection agency cannot try to collect on behalf of whoever lost the money.

1 Answer | Asked in Banking for Ohio on
Q: My wife and i signed up for a "membership" to venture resorts.well after presser and 4.5 hrs we sign up.Now we want out.
Bruce Alexander Minnick
Bruce Alexander Minnick answered on Jun 3, 2019

Bad news: Getting out of an agreement to purchase "membership" in a timeshare resort is much more difficult that getting into it was. Call some Ohio real estate lawyers.

1 Answer | Asked in Banking for Ohio on
Q: I have a very small in-home business and have a business checking account.

Does my bank have a legal right to go through my transactions and threaten to close my account for what is being paid. I personally separate business from personal expenses on my taxes.

Matthew Williams
Matthew Williams answered on Mar 1, 2019

You should be separating your accounts, and the back is likely within its rights pursuant to the contract you signed with them if they believe the account is being used for personal or illegal purposes. Review your contract with the bank.

2 Answers | Asked in Banking, Estate Planning, Family Law and Elder Law for Ohio on
Q: Mother is poa over grandma finances. Elderly aging serv contacted her asking for receipts.

My mother is POA my husband and myself take care of my grandmother. A lady from Elderly Aging Services came by said she had a report made. My grandmother who is 87 and still very sharp told the lady she knows everything that's been spent. My mom never kept receipts she would give me cash for... Read more »

Joseph Jaap
Joseph Jaap answered on Feb 25, 2019

If a report of possible financial wrongdoing was made, then they are obligated by law to investigate and confirm that the money has been used for your grandmother. Depending on how much money has been paid to you, or how much has been spent, they could take action. Use the Find a Lawyer tab and... Read more »

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1 Answer | Asked in Banking, Contracts and Bankruptcy for Ohio on
Q: I gave my car back to the bank.

I had recently applied for a new car loan. I wanted to roll my remaining loan over onto to new loan. My dealer at Ford told me my car was listed in a bankruptcy. About 4 years ago I had filed for a chapter 7 but we never went through with it and it was dismissed. I explained this to the dealer.... Read more »

Timothy Denison
Timothy Denison answered on Oct 20, 2018

Same answer I gave last question.

1 Answer | Asked in Bankruptcy, Contracts, Banking and Collections for Ohio on
Q: My car was listed in a bankruptcy the bankruptcy was dismissed because no collections came forward.

I have been making car payments since than but just recently tried to have remaining balance on my car loan rolled over onto a new car loan. The original bank that finenced me said my car was listed in a bankruptcy. Now I’m in limbo. There’s no actual car payments on my credit report. My new... Read more »

Timothy Denison
Timothy Denison answered on Sep 30, 2018

If the bankruptcy was dismissed, you still owe the debt.

1 Answer | Asked in Criminal Law and Banking for Ohio on
Q: I'm being charged with criminal case by DCU Bank can Attorney help me at all with this kind of case. It is $7500

I got scammed by facebook agent for facebook grant. They talked me in to opening up an account at DCU Bank back in Nov 2017 They made deposits and had me withdraw them and send them over to Nigeria. 3 payments of $2495 total $7485 I have never heard a thing from DCU I new they closed the acct but... Read more »

Matthew Williams
Matthew Williams answered on Jul 23, 2018

First, you need to make sure you are not getting scammed again. Who called and how do they want you to pay this money back? Police and prosecutors generally do not call people and tell them to pay it back or else, they usually just charge the person. It would be a good idea to get an attorney... Read more »

1 Answer | Asked in Banking, Estate Planning and Probate for Ohio on
Q: i am having issues about an account belonged to my next of kin

my next of kin passed away in 2007 and there wasn't a will. Besides, he didn't have any close family. I have recently been informed about his death and the fact that he had an account in Barclays Bank.

James Jeffrey Jackson
James Jeffrey Jackson answered on Apr 2, 2018

You should contact a probate attorney in your area. You will most likely have to pay a retainer. If the Barclays account does not have significant value, it may not be worth the cost to open the probate estate.

1 Answer | Asked in Real Estate Law, Banking and Probate for Ohio on
Q: Is it possible for my deceased father to still own half of his estate?

My father passed in May, my brother is executor of estate. My father had transfer of death deed to the both of us for house and property. House is pending sale, my brother is saying there will be 3 checks because my father still owns half the house because of something he did with paperwork so... Read more »

Joseph Jaap
Joseph Jaap answered on Nov 20, 2017

What your brother meant to say is that your father's estate now owns half the house. When it sells, half the sale proceeds will go to the estate, and then the estate will distribute it to you and your brother according to your father's will. If your brother was named on the bank... Read more »

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