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Withdrawing Funds from Joint Account

If I have a joint account with a spouse, can either person withdraw money, or do we both have to sign for that?

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The answer will depend on the deposit contract held by you, your spouse and the bank. In most cases, each joint owner has individual withdrawal rights. However, you should check with the bank to make certain that yours isn't one of the rare accounts with a multiple signature requirement.

Published on BankingQuestions.com 4/20/09