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Home >> Special Situations >> Minors
Bank Freezes Account of Three Year Old!
Can a bank freeze a three year old's bank account?
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 Yes, the bank is most commonly executing a legal court order when this happens, and while it may be a child's account, an adult is often on it, and the adult is the real subject of the legal action. It is not uncommon for an adult to hide funds in a child's account, but when that adult is an owner of the account, the funds are deemed to be his/hers as well. All of the funds are deemed his/hers; however, in some cases, people have been successful in going to court and proving that the funds are in fact owned by the child, were gifts, income earned from employment, etc.
Published on BankingQuestions.com 10/27/10
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