I have set my son up as an authorized signer on my checking and savings accounts, but he's not a co-owner. Will he automatically get internet banking access from the bank, or will the bank require a separate request from me?
There are lots of people who are willing to allow someone to be an authorized signer on their accounts, but don't want the authorized signer to have full access to all the details about other checks written, deposits made, etc. These bank customers figure that as long as they are receiving the bank statement, they can pick and choose what they tell the authorized signer.
If someone has access to the online account, however, they have access to everything. For that reason, we believe that most banks won't give internet banking access to an authorized signer without the specific approval of the account owner. You should check with your bank to find out what their policy is. If you don't want your son to have online banking on your account, it's a good idea to tell the bank so, and also your son.
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There are lots of people who are willing to allow someone to be an authorized signer on their accounts, but don't want the authorized signer to have full access to all the details about other checks written, deposits made, etc. These bank customers figure that as long as they are receiving the bank statement, they can pick and choose what they tell the authorized signer.
