How to Get Someone Off Your Bank Account

Joint bank accounts offer a convenient way for multiple individuals to manage shared finances. These accounts are commonly used by spouses, family members, or business partners for financial activities like paying bills or saving. However, circumstances can change, requiring removal of an account holder. Reasons include shifts in relationships, a co-owner’s death, or a desire for financial autonomy. This article guides you through removing an individual from a bank account.

Understanding Joint Account Ownership

The process of removing an account holder depends on the type of joint ownership established when the account was opened. Different legal structures govern how funds are accessed and distributed, especially when account holders change. Understanding these distinctions helps before starting the removal process.

One common arrangement is Joint Tenancy with Right of Survivorship (JTWROS), where all owners have equal access. Ownership automatically transfers to surviving owners upon one account holder’s death, bypassing probate. The deceased’s share does not pass to their heirs. All parties share 100% ownership.

Another form is Tenancy in Common, where each owner holds a distinct, unequal share. Unlike JTWROS, a deceased owner’s share does not automatically transfer to surviving account holders. Instead, their portion passes to their estate and is distributed by their will or state law. This arrangement requires estate planning consideration.

Some accounts may also involve convenience signers or authorized users, who are not owners but have limited access. They can write checks, make deposits, and withdraw cash, but do not own the money. The account owner retains full ownership and can revoke access at any time, making removal simpler than for a co-owner. Their authority ends upon the account owner’s death.

Gathering Required Information and Documentation

Before approaching a financial institution to remove an account holder, gather all necessary information and documentation. Preparing these items in advance streamlines the process and prevents delays. Required documents vary based on the reason for removal and bank policies.

The remaining account holder needs valid personal identification, such as a driver’s license or passport. Full account numbers and details, including recent statements, are also required. For a living account holder, contact information for all parties may be necessary, and some banks might require their presence or written consent.

For a deceased account holder, a certified copy of the death certificate is required. Depending on the account type and estate plan, additional documents may include Letters Testamentary or Letters of Administration from a probate court, or a trust document. For legal separation or divorce, a court order or divorce decree outlining asset division might be requested. If acting on behalf of another, a Power of Attorney document granting financial authority is essential.

Implementing the Removal Process

Removing an account holder involves steps depending on bank policies and circumstances. These actions use previously gathered documents and information to adjust ownership. The most straightforward method often involves closing the existing account and opening a new one.

To close an existing joint account, first open a new account in the remaining individual’s name. Once established, transfer all funds from the joint account to the new, single-owner account. After the balance is zeroed and all pending transactions clear, the bank can close the joint account. This ensures continuity of funds and avoids disputes, especially if the relationship has deteriorated. Some banks allow one account holder to close a joint account, while others require both parties’ consent.

Alternatively, some banks may allow the removal of a name from an existing account, though less common for joint owners, depending on the account agreement and bank policy. This process requires both account holders to visit a branch and sign a form requesting deletion. The remaining account holder may also need to sign a new signature card. If permitted, the bank provides forms to change ownership status while retaining the same account number.

For a deceased account holder, notify the bank and provide the death certificate. If the account was a Joint Tenancy with Right of Survivorship, funds transfer automatically to the surviving owner upon presentation of the death certificate. For Tenancy in Common accounts, or those solely in the deceased’s name without a payable-on-death beneficiary, funds may become part of the deceased’s estate and require probate court involvement. An executor or administrator provides Letters Testamentary or Letters of Administration to the bank. Banks then assist in transferring funds or re-titling the account.

Post-Removal Considerations

After successfully removing an account holder or closing a joint account, several steps remain for a smooth financial transition. These help re-establish financial operations under the new account structure and maintain financial security.

Upon completion of the removal process, obtain confirmation from the bank regarding the change in account ownership or account closure. This might include a confirmation letter or updated statements reflecting the new status. Next, update all direct deposits and automatic payments linked to the old joint account to the new, single-owner account. This includes payroll, government benefits, and recurring bill payments to avoid interruptions or missed payments.

Regularly monitoring financial statements for the new account ensures all transactions are accurate and expected. This helps identify discrepancies or unauthorized activity. Safeguarding the new account information, including debit card details and online banking credentials, maintains security. While removal does not directly impact credit reporting, settling all financial obligations tied to the former joint account protects one’s financial standing.