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mhawes4 · Oct 25, 2011, 05:39 AM

My daughter took 24,000 dollars out of my savings account.She did not have permission.The bank allowed her to change the address of my accounts to her address once again without permission and her name was not on accounts.What happens with her and the bank?

ScottGem · Oct 25, 2011, 06:04 AM

First, its not a good idea to piggyback your question on another thread. So I've moved your question to it's own thread.

What your daughter did was theft. You can go to the police and have her prosecuted.

As for the bank, it depends on what documents she presented to have them give her access. If she presented reasonable documentation, they may have no liability. I they were negligent in applying identification and security protocols, they may have some liability.

Fr_Chuck · Oct 25, 2011, 06:31 AM

Assuming you had not put her on your accounts, assuming you had not given her some form of Power of Attorney, she did theft. I would be interested in "HOW" since after my dealings with the bank this week, I had to present ID just to get my own money out, plus other paper work.

So you need to file a police report on theft,

AK lawyer · Oct 25, 2011, 06:31 AM

There is something more going on here. Obviously, banks don't just allow anyone to withdraw someone else's funds.

Fr_Chuck · Oct 25, 2011, 06:49 AM

Originally Posted by AK lawyer

There is something more going on here. Obviously, banks don't just allow anyone to withdraw someone else's funds.

I agree, the daughter with the help of someone may have forged POA documents, or did some other fraud, But I agree, I think there is a lot more to this story.

mhawes4 · Oct 26, 2011, 06:35 AM

She physically went to the bank to change her address for her acct.The bank by accident changed her parents accounts to reflect her address as well.She gave all her debtors account numnbers to withdraw automatically through internet transactions.Within two weeks 24,000 withdrawn.Her name was not on any of her parents accounts.The bank should haveI liability they made the mistake of sending all account statements to her new address.The university she attends is the biggest debtor.Before school started her parents faxed a letter stating that they weren't financially responsible for her.They still withdrew from parents account.

ScottGem · Oct 26, 2011, 07:04 AM

So this wasn't your daughter's fault. Clearly, the bank did more than change the address on the account. If she gave her creditors (not debtors) an account number to draw from and that wasn't your account, but the bank processed the debits against your account, then the bank is at fault.

If however, she gave your account number to her creditors, then she is at fault.