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Depends if it is set up to require both signatures for any transactions or changes, or just one sig. If it is only a single signature then yes one signature can close it.
"She asked if it was possible to close a joint account with one signature."
Yes in most instances. The only restriction I know is if the account is set up that both signatures are required for every cheque or withdrawal which is seldom practical for personal joint accounts. We see that in business accounts mostly.
"I trust my wife but with My job and my business i need her out of the bank accounts.."
I went the other way.
A few years ago, after several tests and brain scan, when the doctor indicated I may be at the early stage of Alzheimer, one of the first thing I did was to add Mary's signature to all my bank accounts, making them joint accounts automatically. This would allow her to access and manage the accounts should I lose the ability to do so.
Although the specialist later indicated there was no sign of Alzheimer at the time, I never changed the set-up.
I trust! 🙂
If you're not particular ......between Elizabeth and English on Dundas on a Fri or Sat night....or at the Town and Country most evenings. The Regis has it's own crew.
