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About Shane
Expertise
Hello, my name is Shane. I currently work at a financial institution in customer service and sales. I am able to answer most questions you have regarding banking products and services, how to use them, and what products may benefit you best. I can also help you to weigh the risks of various types of savings vehicles such as questions pertaining to CDS, money market accounts, etc. Feel free to ask and I promise I will do the best I can to answer.
Experience
Customer Service and Sales call center experience. Assists in training new hires for customer service. Well versed with FDIC policies, banking compliance laws, and a wide variety of product knowledge.
Organizations
American Association of Medical Assistants
Education/Credentials
High School Graduate and Medical Assisting Diploma
Awards and Honors
Significantly exceeds expectations annual review from the bank I presently work at
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You are here: Experts > Real Estate > Banking: U.S. > Using Banks and Bank Accounts > Withdraw of funds from elderly parents account
Expert: Shane - 11/4/2009
Question
Hello, I have a question relating to banking. My elderly parents and I banked at the same bank. I had my personal account and my parents had their personal account. My father has terminal cancer and my mom has Alzheimer. I had to be added to their account to pay their bills. I lost my job my personal account became overdrawn so they took from my elderly parents to pay my debt. Even though the only deposits going into my parents account where my fathers pension from PG %26 E. I never had anything to do except for write checks. Is this legal.
Answer
yes it is legal it is the right to offset is your name is on their accounts they can legally recover from any account with your name on it without notice as long as it is with the same bank. if your accounts are with another bank they need to get a legal adjudgment
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