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SINGAPORE - At a POSB branch in Yishun, staff repeatedly foiled a daughter's attempt to gain access to her elderly father's savings account, which had less than $5,000 in it.A few months ago, the woman went to the branch alone, claiming that her father was bePOSB staff foil daughter's demands to access dad's funds after seeing senior's unease
SINGAPORE - At a POSB branch in Yishun, staff repeatedly foiled a daughter's attempt to gain access to her elderly father's savings account, which had less than $5,000 in it.A few months ago, the woman went to the branch alone, claiming that her father was becoming forgetful and she needed access to help him withdraw money.She wanted to be added as the joint account holder for her father's account.Ms Ivy Keh, 59, branch service manager at POSB Yishun West, said: «We told her we need to talk to her father as he is the account holder, and we need his consent.»Days later, the daughter returned with her father and a relative.Ms Keh said: «When we asked if he consented to adding his daughter to his account, he kept quiet. He looked uncomfortable and avoided eye contact with us. His daughter kept staring at him.»Ms Keh told the senior that in a joint-alternate account, his daughter could withdraw his money without his consent as just one account holder is needed to perform any transaction. Read more