When a bank or thrift institution account is opened in the names of people jointly, can either of them write a check against the account with or without the knowledge of the other?

Question

When a bank or thrift institution account is opened in the names of people jointly, can either of them write a check against the account with or without the knowl­edge of the other?

Don Lawrence · Accepted Answer

Yes. Also Federal Government Bonds may be cashed by either one alone. However, there are some thrift institutions which require both signatures.

When a bank or thrift institution account is opened in the names of people jointly, can either of them write a check against the account with or without the knowl­edge of the other?

When a bank or thrift institution account is opened in the names of people jointly, can either of them write a check against the account with or without the knowledge of the other?