pharos147 t1_jadc7k6 wrote on February 28, 2023 at 4:56 PM

Reply to comment by pmgoldenretrievers in Should I disconnect my parents from my Bank Account by Economy_Example_4289

I’ll remove them or make a new account. If one of your parents get their identity stolen, you’re also fucked too, since they have access.

Having more people to your account just leaves more access entries

pmgoldenretrievers t1_jadcou2 wrote on February 28, 2023 at 4:59 PM

I doubt someone is going to steal their identity and actually walk into a bank to withdraw money from an account they don't know about.

bluecar92 t1_jadh9td wrote on February 28, 2023 at 5:28 PM

You're putting in a fair bit of effort to justify an unnecessary security risk to your bank account.

pharos147 t1_jadi96j wrote on February 28, 2023 at 5:34 PM

It’s happened to me before and was a lesson learned. My dad opened my account back in high school and shared access. His identity was stolen a decade later and identity thieves were able to get some money out of my account. It wasn’t cash withdrawn at a bank, everything was done online.

Don’t underestimate identity thieves, they take money from anyone, rich or poor.