Time for lawyers?
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You already have the answer. Time to make a letter to the Justice de Paix. Complaining here will change nothing.
Got in touch with my Legal Protection, doesn’t include banking but they told me that I depend on the Justice of the Peace decision.
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Well, if the lawyers are of the opinion that nothing can be done, then the money likely is lost for the time being.
Updating my own post so it can help others in the same situation. Already wrote a letter to the Justice of Peace but I already imagine their answer “firstly spend your own money and then you may access this account”.
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Honestly try the back door: set up e banking. Try to send to another account in the same name, could be that they are being difficult because they know the dossier/you when you are in person. Perhaps nothing blocking the transfer if its a bit less obvious.
It’s also possible there’s something OP isn’t telling us (e.g. issue with other guardian, etc.) that makes the situation more complex.
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Thanks already did that, the bank is still blocking the transfer: “the conditions required to execute your order have not been met”. They will continue to block it until they have the ok from the Justice of Peace.
I started the post to help others in same situation and to get advices. I am being honest with the situation and not hiding anything. The situation became more complex because I went in person to the closest branch and talked with a new employee that wanted to follow the rules and communicated to their Legal department that blocked the account. Then I went to another branch and they told that they would give me the money however since Legal was already informed that they couldn’t do it. So it seems that it also depends on the person that you have in front of you.
One year after I got the decision from the court. They accepted that the account balance can be used only to pay my kid’s private school (annual fee). Not the optimum solution but better than waiting until he’s 18.
I’m considering to close my doughter’s account by Raiffeisen (Jugendsparkonto) in order to move 3.5k to more interesting investing opportunity. Any experiences or suggestions with Raiffeisen and its policy?
So here comes our crazy story with “Compte Épargne Cadeau” at BCV bank. We wanted to take out some money because our son will spend a year in international school abroad. We showed inscription and proof that he will have new foreign address (unregistered from municipality). They told us that this is not possible and we can use the money only for his “daily needs” (like public transport card or pocket money) and the amount we wanted to withdraw (8k CHF) won’t be accepted. The bank person also told us that we would need a decision from “justice de paix” and that this might cost us around 1k in notary and lawyer fees. Additionally, they kind-of black-listed us and left a mark in the dossier that we (as parents) tried to withdraw money against the child’s will. Their argumentation is hypocritical. They argue that the just want to protect our child (-> FROM US???), but in fact they are just happy having the money locked in for in total 18years for minimal interest rate…
And here comes the plot-twist. We had a similar account with UBS. Went to the counter, asked to withdraw the money, no questions asked, got it in under 1minute.
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I need to setup bank accounts for my kids soon. Sounds like Migros is perhaps the most flexible?
How much did you pay in fees to get the court decision? I am thinking of writing a letter to them and trying to get the money out for his tutiton fees? Does it really take one year?
It takes a lot more than one year (depending on the case) and several fees, usually each bill is CHF 200. I hope next week to finally finish this chapter and lesson learned (never ever again!!). Good luck.
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Honestly, this is pretty much expected and why I suggest not to put money into custodial accounts for your kids unless you specifically want to lock it away and be inaccessible.
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I wouldn’t set it up in ANY bank.
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My kids account is also in BCV, they always say it’s not our money and that they are protecting the minor, I understand that a lot of parents are just irresponsible but come on the kid doesn’t work and that money didn’t even came from gifts from his grand-parents or birthdays, it came 100% from us to pay for his education. Never ever again!
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This sounds like a painful toll to pay. In our case that would mean several hundreds of CHF to cash out 8k? I think I will not even try the justice de paix since I would anyhow need the money this year. My son is already 13, so I guess we will just suffer through the next 5years and hope that this forum posts will help at least future parents to NEVER EVER OPEN a compte epargne cadeau at BCV!
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