Joint Bank Account Rights.

[jaywestman]

If my partner were to withdraw a sum of money from our joint bank account to buy a property in her sole name, do i have any claim on her purchase? We are unmarried. Thanks.

[stevie21]

I don't believe so. With any joint account, while the money's in there, it's as much hers as it is yours so either of you can withdraw it and do as you please.
If she bought a house with her wages that had never been in the joint account I don't think you'd have any claim on it and I don't see that this is any different.

Maybe I've missed a legal loophole that protects you against this.

[Mrs_Pegasus]

Can I ask why you ask?

If you think this is going to happen, or are worried about it then I would contact the bank and discuss your concerns.  Because the account is in joint names you have joint interest in the money and if one half have concerns the bank will listen and may freeze that account.  I am assuming you havent got this large amount in a current account but a separate savings account.  If you dont have any concerns but would still like to safe guard the money then suggest that the account has to have both signatories on it to obtain the money but draw up an agreement that should the relationship finish that the money is accessible and split fairly.  Again the bank can help with this agreement.

[jean88]

She has every right to withdraw money from this account and if she buy a property in her sole name, is hers only. Why? Are you worrying a large amount of your money? Unless you can prove that this money is yours you wont have any claim to this property.

[jaywestman]

OK thanks - your answers are well appreciated.