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Savings withdrawal

  • 11-09-2017 12:15pm
    #1
    Lord Nikon
    Registered Users, Registered Users 2 Posts: 3,613 ✭✭✭


    Can someone please advise me… I need to withdraw funds from my child’s savings account, can I withdraw from a bank with my identification, and bank sort code and account number? Anything else they might ask for?


Comments

  • #2
    sooty1
    Registered Users, Registered Users 2 Posts: 124 ✭✭sooty1


    What age is your child?


  • #3
    Lord Nikon
    Registered Users, Registered Users 2 Posts: 3,613 ✭✭✭Lord Nikon


    Under 12yo.


  • #4
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    Lord Nikon wrote: »
    Can someone please advise me… I need to withdraw funds from my child’s savings account, can I withdraw from a bank with my identification, and bank sort code and account number? Anything else they might ask for?

    That should be sufficient. Obviously an online withdrawal would be easiest.


  • #5
    sooty1
    Registered Users, Registered Users 2 Posts: 124 ✭✭sooty1


    Yes that should be sufficient - you could try calling them first to see what they will need. I presume its not a 30 day account or anything like that?


  • #6
    Lord Nikon
    Registered Users, Registered Users 2 Posts: 3,613 ✭✭✭Lord Nikon


    I'm not with AIB myself, so I could probably rule out an online withdrawal. Just a standard savings account, no 30Day nonsense. Cheers.


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  • #7
    Spocker
    Moderators Posts: 6,900 ✭✭✭Spocker


    If the child is over 7 they may be required to sign the withdrawal slip; this is the case in my local Credit Union for example. The exact requirement will be given in the T&C of the account you signed up for, any how many parties there are (if both parents are listed as holders on the account, for example)


  • #8
    Lord Nikon
    Registered Users, Registered Users 2 Posts: 3,613 ✭✭✭Lord Nikon


    Child is not in the country, so signature would not be possible.


  • #9
    Spocker
    Moderators Posts: 6,900 ✭✭✭Spocker


    Lord Nikon wrote: »
    Child is not in the country, so signature would not be possible.

    Only the institution that the account is with can tell you so


  • #10
    JTMan
    Registered Users, Registered Users 2 Posts: 5,558 ✭✭✭JTMan


    Lord Nikon wrote: »
    I'm not with AIB myself, so I could probably rule out an online withdrawal.

    One does not need to have an AIB current account to have an AIB online account.


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