If you no longer wish to share a joint checking account with a person, you can remove your name from the account. Once you aren’t named on the account, you will no longer have access to the assets in it. You will also not be entitled to the records of financial transactions that take place with that account. Not every bank will allow you to remove a name from an account. In that case, the only way to remove your name is to close the account entirely.
Visit your bank. Bring any documentation you have for the joint account. Also bring your identification.
Ask if the bank can remove your name from the joint account. Some banks will not do this, but some will. The bank may require that the other person on the account be present.
Sign paperwork relinquishing your right to the account. Turn in any checks or cards associated with the account.
Withdraw all funds from the account and close it entirely if the bank will not remove your name from the joint account.
Create a new bank account for yourself. The other person on the joint account can deposit funds into a new account he creates as well.
- Bank of America. "Our First Bank Account." Accessed April 20, 2020.
- Consumer Financial Protection Bureau. "A Closer Look: Overdraft and the Impact of Opting-In," Page 1. Accessed April 20, 2020.
- Code of Virginia. "§ 6.2-606. Ownership During Lifetime; Garnishment, Attachment, or Levy." Accessed April 20, 2020.
- Consumer Financial Protection Bureau. "Either Person on the Joint Account Generally Has the Right to Move Funds or Close the Account." Accessed April 20, 2020.
- University Credit Union. "Membership Agreement." Accessed April 20, 2020.
- BBT. "Bank Services Agreement," Page 7. Accessed April 20, 2020.
- Wells Fargo. "Opening and Closing Accounts Questions." Accessed April 20, 2020.
- GreenState Credit Union. "Closing Your Account." Accessed April 20, 2020.
- Suntrust. "Rules and Regulations for Deposit Accounts," Page 28. Accessed April 20, 2020.
- Bank of America. "Telling Your Bank It’s Over." Accessed April 20, 2020.
- Washington and Lee Law Review. "Virginia's Equitable Distribution Law: An Owner's Manual," Page 9. Accessed April 20, 2020.
Melly Parker has been writing since 2007, focusing on health, business, technology and home improvement. She has also worked as a teacher and a bioassay laboratory technician. Parker now serves as a marketing specialist at one of the largest mobile app developers in the world. She holds a Master of Science in English.