7 ms·
I named random Joe as the sole owner of "my" bank account and the bank wouldn't allow me to access "my" money!
by dixie_land 6mo ago
I named random Joe as the sole owner of "my" bank account and the bank wouldn't allow me to access "my" money!
- mcherm 6mo agoThat's not an equivalent analogy. A better analogy would be to say I had a bank account and I told my bank to call up Joe on the phone when confirmations were needed. I still have the account, but I have fallen out with Joe. I want the bank to call somebody else, but they refused to do so, even though it's my account and I'm paying the bill for it!
- a2tech 6mo agoAnd we're paying extra for support!
- gamblor956 6mo agoBanks have established processes for changing signatories on business bank accounts, including in situations where a past signatory is no longer with the business. In a nutshell: if a past signatory was a regular employee, it just takes any other signatory to remove them. If there was no other signatory, or if the past signatory was an officer, it takes a current officer (as set forth in the company's AOI or corporate minutes). Usually only the latter 2 situations of the 3 above require an in-person visit to the local branch office, and that only requires a few minutes.