seunmsg:



My friend, nobody opens an account with the intention of keeping it as a liability. You open an account with the intention to store financial assets in it. That an account has a nil balance or overdrawn temporarily at a point in time doesn’t make it irrelevant when you are required to legally list your bank accounts. The fact that money was later later discovered in the account says it all. Even Onnoghe’s legal counsel won’t argue the point you are trying to argue.

Not quite.

Someone can open an account with the intent of borrowing with it, and if the balance is overdrawn it becomes a liability rather than asset.

Also that there is money in your account doesn't meant you own the money. The money might belong to your spouse, family members, friends, or even clients

megacity:


Not quite.

Someone can open an account with the intent of borrowing with it, and if the balance is overdrawn it becomes a liability rather than asset.

Also that there is money in your account doesn't meant you own the money. The money might belong to your spouse, family members, friends, or even clients

Ok.