Legal Question in Banking Law in Minnesota

can banks withdraw funds that are not mine

Can a bank withdraw funds from a savings account if the money in the account is not my money. The money was my daughters education money that she borrowed for a student loan to go to the university, I pay her rent and bills out of that account. They took money out to pay for past dues on my 2nd mtg.

Asked on 2/27/09, 3:43 pm

1 Answer from Attorneys

David Anderson Anderson Business Law LLC

Re: can banks withdraw funds that are not mine

Is she listed as a depositor/ accountholder?

If traceable you may have a claim. I would have to review your bank docs.

Call or email. I have 25 years representing creditors including banks.

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Answered on 2/27/09, 5:14 pm


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