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Parent Support Forums
Substance Abuse
Banking woes with difficult child
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<blockquote data-quote="InsaneCdn" data-source="post: 520335" data-attributes="member: 11791"><p>The reason why you can close it, but not take your name off the account and leave it open, is... the bank has YOU to fall back on for non-payment of fees. So, if fees etc. can keep being applied to the account, and there's a responsible person attached to the account... it isn't really in the bank's best interest to let you do that. If you CLOSE the account, then there are no more fees that can be applied - so they are still covered.</p></blockquote><p></p>
[QUOTE="InsaneCdn, post: 520335, member: 11791"] The reason why you can close it, but not take your name off the account and leave it open, is... the bank has YOU to fall back on for non-payment of fees. So, if fees etc. can keep being applied to the account, and there's a responsible person attached to the account... it isn't really in the bank's best interest to let you do that. If you CLOSE the account, then there are no more fees that can be applied - so they are still covered. [/QUOTE]
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