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My father works and lives in Texas while i am a student in New Mexico.
We would like to set a joint account in order for him to be able to help me out with college expenses.
We are both members of local ceedit unions in our cities.
We are planning on using a national bank to set ip an account.
Do we both need to be present to open such account.
What is the process? Thank You
What am I missing here?
Why do you think you need a "joint account"?
The only thing a "joint account" will do is allow either of you to write checks or make ATM withdrawals on the account.
If your father wants to deposit money in your account, he can do so at any branch of the bank or credit union. In fact, ANYBODY can make deposits to ANY account, anywhere, anytime, if they have the account number. Your father could even make an electronic transfer from his account to your account, even if the accounts are at different institutions!
IMO, you and your father need to go talk to your local banker and find out what your options are.
I said "personally" I do not care what others do, it is their choice hence the reason I said "personally"......
Since it is obviously my choice to not do that and I stated it is my choice why in the world are you questioning my choice for my life and trying to "correct" me?
Do you really know what is oh so much better in someone else's life than they know themselves?
Edited to add: Everything that has been suggested by others in regards to copies of ID Documents, doing things online, making a phone call does not happen at the bank we use.
Any changes have to be done in person, inside the bank because they do not allow "electronic" signatures. It is protects them as well as us since we all know each other and they do still check our ID because it is policy.
I'm not correcting you. But your banks policy is silly. Have fun having to go into your bank to get anything done
I said "personally" I do not care what others do, it is their choice hence the reason I said "personally"......
Since it is obviously my choice to not do that and I stated it is my choice why in the world are you questioning my choice for my life and trying to "correct" me?
Do you really know what is oh so much better in someone else's life than they know themselves?
Edited to add: Everything that has been suggested by others in regards to copies of ID Documents, doing things online, making a phone call does not happen at the bank we use.
Any changes have to be done in person, inside the bank because they do not allow "electronic" signatures. It is protects them as well as us since we all know each other and they do still check our ID because it is policy.
Go find another bank down the street, go in an tell them what you want to do. I bet they'll find a way to accommodate you. No electronic signature is needed, your jointer can sign all the papers and submit then along with a copy (notarized if necessary) of his photo ID.
Or try to set up a joint account with one of the online banks like Ally. They do everything without physical presence.
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