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Cashed Joint CD Early: What Can Other Person Do?

I had a joint CD with my sister. I cashed it out early and received a cashier's check. Is there any recourse my sister can take with the bank to stop this transaction after the CD was cashed and closed? I live in Maryland.


No, there is not. Unless the deposit contract specifically called for both owners to sign for a withdrawal, you had the right to close the account early, just as your sister did. If your sister has a complaint, it is with you, not with the bank.

Published on BankingQuestions.com 4/27/10