With a joint bank account, two people “own” the account and both have equal rights to the funds in it. So, no matter who puts in the money and how much, either owner can technically empty the account at any time.4 sept 2019
Can I take all the money out of a joint bank account?
Either party may withdraw all the money from a joint account. The other party may sue in small claims court to get some money back. The amount awarded can vary, depending on issues such as whether joint bills were paid from the account or how much each party contributed to the account.
How can I protect my money before divorce?
- Legally establish the separation/divorce.
- Get a copy of your credit report and monitor activity.
- Separate debt to financially protect your assets.
- Move half of joint bank balances to a separate account.