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Closing a Joint Account without 'Complications'

How can I withdraw a large amount from, or close, a joint savings account without raising any red flags at my bank? In other words, will they inform my husband?

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This depends on whether or not your spouse has requested any notifications of transfers. Some banks do this via email, text messages, etc. Your spouse could also see it on an activity screen on internet banking or telephone banking. Essentially one spouse would have the same opportunities as the other.

Published on BankingQuestions.com 1/19/10