I need help here. I have a bank account that has been in my name since I was born, but had parental control until I turned 18. Even after I turned 18, my parents kept on pushing off turning it into my name. I got an ATM card and signed my portion back in 2016, but the bank said nothing can be done until they sign away the rights.
Five years later, I'm 23, and still fully living at my parents house and driving their car. I know, I should grow up and move on, well aware. But today they told me they decided to charge me gasoline, repairs, insurance, and rent for the PAST five years and have already taken 4,000 out of my account, and will continue to remove it from my account each month while I still live at home. I'm aware I should be pitching in monetarily, but how can they have full access like this to my funds? I worked every summer of my life since 7th grade, gifts, presents, I saved up everything and now half of it's gone, and the rest will be soon, too. (I have my own account that I put money earned 18+). I'm devastated.
Any way I can get access to my account, or is it really my parents cash to take out as they please? Thanks in advance for any advice.
UPDATE: So I called the bank today and they said it was a custodial account. They refuse to give me any information, not even the balance unless it's signed over. They said it's not connected to my credit score but I can't withdraw funds or even ask to be removed on my own. Even a court order won't help, I can be 50 and still not have the money without a signature, unless my parents are no longer living. Also the ATM I thought I had is not for that account but a new account at the bank with $5 - that's where they wld transfer the funds once they have a signature. Really not a good bank, they're not willing to help me out at all. So I guess there's nothing to do with the other 6k left. :(
Submitted December 05, 2018 at 10:59PM by Im-Wasting-Time https://ift.tt/2EgwlPN
