Can my parents withdraw money from my account at 16?
Hi. Just wondering if it’s illegal or not for my parents to withdraw money from my account at 16 if they are not a joint owner on it. I got the bank card from my work. My mom was suppose to only withdraw 80$ to pay for the rest of my boyfriends plane ticket because he’s not coming down because we broke up. And she withdrew 260$ instead and went ahead and deposited that money into her own account. What can I do to get that money back??
- meansweryouLv 54 months ago
it is possible to create a trust where no one can touch it until you turn 18. not even you.
- Ron AkiaLv 74 months ago
As you are a minor, your mom is a joint owner on the account until you are 18. It sucks. My dad did the same to me.
- ?Lv 74 months ago
A minor cannot be the sole owner of a bank account. Are you sure your Mom isn't an owner?
- Girlie ElectricsLv 74 months ago
And that is why you never give your card and pin to someone else.
- What do you think of the answers? You can sign in to give your opinion on the answer.
- Christin KLv 74 months ago
Your mother is a signer on your account, right? Then you can't do anything. You're a minor, first of all. And how did she manage to get the money if she's not a signer on that account? A joint owner of a bank account is not always the person who SIGNS the withdrawals or checks. They are two different things.
All you can do is ask your mom for the money back. But she doesn't have to give it to you.
- EvaLv 74 months ago
You allowed her access to your account. There is nothing you can do except ask her for the money back. At 16, most banks require a parent to be on the account.
- BlessedLv 74 months ago
talk to the bank and tell them you will get a lawyer
- Anonymous4 months ago
if she is a signer on the account she can do that.
- DON WLv 74 months ago
At least in the US, it's legal. Until you are 18, a parent or guardian can take your money. There's probably nothing you can do to get the money back.
- A HunchLv 74 months ago
when you give anyone (mom, boyfriend, stranger) access to your bank account, they can withdraw any amount they want.
There is nothing you can do.
You gave her permission.
Don't give people your banking information and it won't happen.