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Debiting Funds from Secondary Account Owner

Can a creditor debit funds from an account that you are listed on as the secondary owner?


Generally yes. The key word is "owner" meaning that money in the deposit account is yours and someone elses. You could make a withdrawal of the money and it is available to a creditor who also has rights to the funds by some authority.

Published on BankingQuestions.com 12/05/07