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General Parenting
But I don't wanna be his guardian.....
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<blockquote data-quote="susiestar" data-source="post: 409685" data-attributes="member: 1233"><p>In most places in the US a case can be made in court to link you to your child's debts if you are on ANY of his accounts and he is a minor. Parents/guardians must sign for an account and if you have an account in the same bank the bank often will do all it can to link his account to yours. If you are on his account and his drops to a negative balance, you will be just as liable for the debt as he is. With linked accounts (sometimes just having them at the same bank works, depending on the state and specific bank) the bank may just automatically take the funds from you and apply it to him - I worked in a bank that did this regularly. I refused to have any account with them except the one they gave me and put my check into. the money got transferred to another bank the day it was deposited because they did this. I just didn't want to take any chances.</p></blockquote><p></p>
[QUOTE="susiestar, post: 409685, member: 1233"] In most places in the US a case can be made in court to link you to your child's debts if you are on ANY of his accounts and he is a minor. Parents/guardians must sign for an account and if you have an account in the same bank the bank often will do all it can to link his account to yours. If you are on his account and his drops to a negative balance, you will be just as liable for the debt as he is. With linked accounts (sometimes just having them at the same bank works, depending on the state and specific bank) the bank may just automatically take the funds from you and apply it to him - I worked in a bank that did this regularly. I refused to have any account with them except the one they gave me and put my check into. the money got transferred to another bank the day it was deposited because they did this. I just didn't want to take any chances. [/QUOTE]
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But I don't wanna be his guardian.....
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