Home > Legal > Questions & Answers > Banking > Want to close our joint acct. and open up a personal acct. Husband will direct deposit funds from work into my acct. is this ok
Want to close our joint acct. and open up a personal acct. Husband will direct deposit funds from work into my acct. is this ok
Filed for legal sepaation. Going to close our joint acct. Open up a personal acct. and husband will direct deposit funds from work into my new acct. Is this alright?
I see no problem with this. This is something you should do after separation.
This response does not constitute legal, accounting or other professional advice. Only through a personal, confidential consultation with qualified legal counsel can anyone properly evaluate their own legal planning challenges and determine what, if any, appropriate legal strategies and tactics should be implemented to meet those challenges.
Circular 230 Disclaimer - “Nothing in this response is intended or written to be used, and cannot be used by any person for the purpose of avoiding tax penalties regarding any transactions or matters addressed herein. You should always seek advice from independent tax advisors regarding the same.”
HOWEVER, most banks won't allow this. In order for you to receive a payroll direct deposit from your ex, he'll have to be on the account (due to bank policy). I've worked at a couple of banks and this, to my knowledge, was the policy.