Felicia Tan quoted in Lianhe Zaobao: “说法识法:联名银行户头 便利与代价一样大”

CLOSE

Directory

Thio Shen Yi, SC

Joint Managing Partner

Litigation

Stefanie Yuen Thio

Joint Managing Partner

Corporate

Derek Loh

Partner

Litigation

Jennifer Chia

Partner

Corporate

Melvin Chan

Partner

Litigation

Ian Lim

Partner

Litigation

June Ho

Partner

Corporate

Kelvin Koh

Partner

Litigation

Ong Pei Ching

Partner

Litigation

Mark Jacobsen

Partner

Corporate

Felicia Tan

Partner

Litigation

Mijung Kim

Partner

Litigation

Leon Lim

Partner

Corporate

Nanthini Vijayakumar

Partner

Litigation

Jeffrey Chan, SC

Senior Director

Litigation

Prof Tang Hang Wu, PhD

Consultant

Litigation

Prof Hans Tjio

Consultant

Corporate

Tania Chin

Director

Litigation

Raeza Ibrahim

Director

Litigation

Nicholas Ngo

Director

Litigation

Kevin Elbert

Director

Litigation

Vu Lan Nguyen

Director

Litigation

Stephanie Chew

Director

Litigation

Benjamin Bala

Associate Director

Litigation

Ernest Low

Associate Director

Corporate

Brenda Chow

Associate Director

Corporate

Heather Chong

Associate Director

Corporate

Nicole Lee

Associate Director

Corporate

Joshua Phang Shih Ern

Associate Director

Litigation

Tay Quan Li

Senior Associate

Litigation

Lyn Toh Leng

Senior Associate

Corporate

Angela Chai Rui Min

Senior Associate

Litigation

Arthur Chin Yen Bing

Senior Associate

Litigation

Chow Jian Hui

Senior Associate

Corporate

Claudia Hui Ru Jun

Senior Associate

Corporation

R. Arvindren

Senior Associate

Litigation

Chia Wan Lu

Senior Associate

Litigation

Lau Tin Yi

Senior Associate

Corporate

Phoon Wuei

Senior Associate

Litigation

Terence Yeo

Senior Associate

Litigation

Juliana Lake

Senior Associate

Litigation

Sabrina Lim Su Ping

Senior Associate

Corporate

Kashib Shareef bin Ahmad Hussain

Senior Associate

Corporate

Sherlyn Lim Li Xuan

Senior Associate

Litigation

Kimberly Ng

Associate

Litigation

Vanessa Cheong Shu Qi

Associate

Corporate

Ryan Yap Cheah Jin

Associate

Litigation

Ang Kai Le

Associate

Litigation

Glenn Ng Qiheng

Associate

Litigation

Isaac Tay Zhuo Yan

Associate

Litigation

Markus Low Yu Wen

Associate

Corporate

Stasia Ong Pei Qi

Associate

Litigation

Sarah Kim Mun Jeong

Associate

Litigation

Yang Hai Kun

Associate

Corporate

Nicole Sim

Associate

Litigation

Ryan Ang

Associate

Corporate

Pearlie Peh

Associate

Litigation

Arvind Soundararajan

Associate

Corporate

Perl Choo

Associate

Litigation

News

28 July 2024

Felicia Tan quoted in Lianhe Zaobao: “说法识法:联名银行户头 便利与代价一样大”

Features Felicia Tan

Felicia Tan was quoted in Lianhe Zaobao by Poh Lay Hoon, in an article on the costs of joint account ownership.

The article included Felicia’s comments on how one should be cautious before opening a joint bank account and must first understand the concept of right of survivorship.

She emphasised the need for co-signers to understand that (1) the surviving co-owner may not be the “owner” of the deposit, (2) even if only one of the co-signers owes the debt, the creditor may seize all the funds in the joint account, and (3) even if only one of the co-signers is investigated, all deposits in the joint account may be frozen by the police.

Felicia also mentioned how the Singapore courts have clarified that ownership is not the right way to look at joint shareholder accounts, but more of who has the right to withdraw cash or instruct the bank to make payments, and there is still a risk of dispute over ownership. She also advised that if one only wished to open a single bank account, it should not be a joint account.