The Bank of Spain issues a new warning on shared accountsGetty Images
Financial institutions continue to warn of activities that can cause problems and need more attention
The Bank of Spain has issued a new warning on shared accounts and contracts with an indistinct provision regime
If one of the owners generates an overdraft or requests a loan without the consent of the other owners, there may be problems
The ace financial entities follow notify users on the Activities and practices that can lead problemstherefore they require a particular attention. In this case it was Bank of Spain the one who released his last caution on the shared accounts.
Shared bank accounts, a comfortable option for procedures with family or friends
When we talk about procedures cheap with partners, family or friendsshared bank accounts are presented as one option very comfortable: customers have a amount money in common and they can make their necessary expenses and income.
Also, in the case of having a regime of indistinct layoutany of owners can perform the operations you want without necessity of permission from Rest of holders. The process is much simpler than in joint disposition accounts, where the signature of all holders is required for any transaction.
Accounts with contracts with an indistinct disposition regime: the risks
before that decorthe central bank warns against the risk accounts with contracts with regime of indistinct layout. And it is that if one of owners create a debtdiscovered– or request a credit Without the consent of the rest of the owners, serious problems can arise:
The bone Conflicts of this nature must be resolved before courts. In many cases, the Bank of Spain “no account with all the Necessary information power enjoy correctly the situation“, as they explain from their websiteFor what can’t pronounce when complaints are filed about it.
Situations in favor of legal persons
The body make sure there is circumstances in which justice is positioned A favor of the legal persons, despite the existing legal vacuum. would occur in three cases:
- When the card or loan belongs to a single cardholder
- When the “innocent” party does not know the payment debits
- When the account contract does not provide for overdrafts in the circumstances explained
In case of one of these conditionswe will consider that the entity He has remote of the “good banking practices” when authorizing movements on the account. The Bank of Spain explains that, in the terms mentioned, the entities would be accept debts on behalf of all account holders, making them guarantors financing without prior agreement.