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Hello. It means that you will have to surrender the CD at the bank and have a new one issued in the names that you want on it. They will want information and signature card for the new co-owner. Just writing a name on it yourself would have no legal effect.
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Can a bank just add a name on the CD with a signature card despite the CD stamped with non negotiable and non transferrable (except on the books of the bank)? Isn't that a legal document which cant be altered by the bank? That would be like me scratching out a name on a car title and typing another one in..... any recommendations
Has this already been done by the bank? If so, there's no reason for you to question it. The bank can add a party to the document on its books. What that language on the CD means is that YOU can't transfer it or sell it to someone on your own without having the bank enter it on its books.
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