My family was so pissed when we found out that the money of my deceased grand mother was gone. I know this is a very sensitive issue that needs legal advice from lawyers/attorneys.
My grand mother who was a pensioner of PVAO or Philippine Veterans Affairs Office was receiving a monthly pension and now that she died because of old age.
The family would like to withdraw the money left which is to be exact 221,404.26.
My aunt who is the sole authorized to withdraw from her account has no knowledge that the money was gone. My mother who was able to update the passbook of my LOLA in other Land Bank branch found out that the money was already gone.
According to the Manager, the money was withdrawn by the Land Bank Manager for SAFE KEEPING.
I am just wondering why the heck he/she will touch someone's money without the concern of the family members. Why for safe keeping?lolz!
The fact that he/she transferred the money without our concern was already a violation.
The amount php 221,404.26 was withdrawn on November 26, 2008 with a CMA on the right side of the passbook.
What is CMA? How did they able to withdraw the money without the passbook?Why did they did not inform atleast one of the family before getting the money? Who transfer the money? To whom did they tranfer the money?
According to the Rules and Regulations of Governing Regular Savings Account:
# 5 it says that:
How to Make Withdrawals
All withdrawals must be made by the depositor personally by filling out property a withdrawal slip. Withdrawals from a savings account by a person other than the depositor himself may be allowed by the bank only upon the depositor's written authority which must be fully authenticated.
If the depositor cannot write, he must have the withdrawal slip filled out by any person other than an employee of the Bank who must have sign the withdrawal slip as one of two witnesses to the fingerprints of the depositor withdrawals paid by the Bank prior to its knowledge of the depositors death shall be bringing on the depositor's estate.
A depositor shall not be permitted to withdrawal a sum smaller than one peso (1.00) nor withdrawal any amount which includes a fractional part of a peso, except when closing the account. No maximum limit is set on the amount of withdrawals that can be made from the savings account during a calendar month, but when in the opinion of the Bank's Board of Directors or Management the interest of the Bank so requires, the right is reserved to require 60 days written in advance of any withdrawal from a savings deposit.
We are no expert when it comes to laws of the bank but our main concern was where did the money goes? NO ONE knows what happen to the money. Not even one of my relatives knew that the money was gone. So, why did the Land Bank Manager withdraw the money without letting us know. If not the manager? WHO?
It just gives us the idea that they have an interest with the money of my grand mother. I pity this kind of people keeping the money of my lola in their own pocket! Shame on you! Whoever you are, wait and see til we settle this soon!
Anyone would like to help?
My grand mother who was a pensioner of PVAO or Philippine Veterans Affairs Office was receiving a monthly pension and now that she died because of old age.
The family would like to withdraw the money left which is to be exact 221,404.26.
My aunt who is the sole authorized to withdraw from her account has no knowledge that the money was gone. My mother who was able to update the passbook of my LOLA in other Land Bank branch found out that the money was already gone.
According to the Manager, the money was withdrawn by the Land Bank Manager for SAFE KEEPING.
I am just wondering why the heck he/she will touch someone's money without the concern of the family members. Why for safe keeping?lolz!
The fact that he/she transferred the money without our concern was already a violation.
The amount php 221,404.26 was withdrawn on November 26, 2008 with a CMA on the right side of the passbook.
What is CMA? How did they able to withdraw the money without the passbook?Why did they did not inform atleast one of the family before getting the money? Who transfer the money? To whom did they tranfer the money?
According to the Rules and Regulations of Governing Regular Savings Account:
# 5 it says that:
How to Make Withdrawals
All withdrawals must be made by the depositor personally by filling out property a withdrawal slip. Withdrawals from a savings account by a person other than the depositor himself may be allowed by the bank only upon the depositor's written authority which must be fully authenticated.
If the depositor cannot write, he must have the withdrawal slip filled out by any person other than an employee of the Bank who must have sign the withdrawal slip as one of two witnesses to the fingerprints of the depositor withdrawals paid by the Bank prior to its knowledge of the depositors death shall be bringing on the depositor's estate.
A depositor shall not be permitted to withdrawal a sum smaller than one peso (1.00) nor withdrawal any amount which includes a fractional part of a peso, except when closing the account. No maximum limit is set on the amount of withdrawals that can be made from the savings account during a calendar month, but when in the opinion of the Bank's Board of Directors or Management the interest of the Bank so requires, the right is reserved to require 60 days written in advance of any withdrawal from a savings deposit.
We are no expert when it comes to laws of the bank but our main concern was where did the money goes? NO ONE knows what happen to the money. Not even one of my relatives knew that the money was gone. So, why did the Land Bank Manager withdraw the money without letting us know. If not the manager? WHO?
It just gives us the idea that they have an interest with the money of my grand mother. I pity this kind of people keeping the money of my lola in their own pocket! Shame on you! Whoever you are, wait and see til we settle this soon!
Anyone would like to help?
