I withdrew money from my fiance's account four days ago and deposited it into another account without any problems. I went to the bank yesterday to withdraw funds and they told me that I couldn't take any money out, so I went again today with my bank record book and they had taken all of the money out of my account and put it back in his without anyone's consent. Can they do this? We have been banking at this bank together for twenty years and have not had any problems like this before. What can we do to resolve this matter?
Based on the way the question is asked, there have to be some assumptions. It sounds as though your fiance has an individual account. At the time of the withdrawal, the teller may have believed you were on that account or authorized to make a withdrawal. Not having an ownership interest and not being an authorized signer, you don't have the authority to do this. As a result, the bank realized the error and corrected the problem.
If you want to transact business with his account, he should add you as an owner, which means half of the funds are yours, or add you as an authorized signer. The latter allows you to complete transactions, but without ownership interests. (If you become an owner, you also have liability if the account is overdrawn, and your FDIC insurance limits are affected.)
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Based on the way the question is asked, there have to be some assumptions. It sounds as though your fiance has an individual account. At the time of the withdrawal, the teller may have believed you were on that account or authorized to make a withdrawal. Not having an ownership interest and not being an authorized signer, you don't have the authority to do this. As a result, the bank realized the error and corrected the problem.