In financial transactions, blockade of joint payment account can be a necessary measure to protect the interests of the involved parties in the event of a dispute. This action not only ensures financial security but also helps address arising issues promptly, preventing more severe consequences. However, in cases of joint ownership, can one of the co-owners request on blockade of joint payment account?
What is the blockade of a payment account?
The blockade of payment account can be understood as a temporary measure to block transactions on a bank account, aimed at safeguarding the legitimate rights of the concerned parties or enforcing the decisions of competent authorities. When an account is blocked, the account holder is unable to conduct transactions such as withdrawing money, transferring funds, or making payments from that account.
A payment account can be partially or fully blocked, depending on the specific circumstances.
Can an owner request on blockade of joint payment account?
Pursuant to Article 11 of Decree 52/2024/ND-CP, joint payment accounts will be blocked upon the request of blockade of joint payment account by one co-owner, unless there is a prior written agreement between the payment service provider and the joint payment account co-owners.

When will the blockade of joint payment account be terminated?
The termination of the blockade on joint payment account occurs in cases where there is a request to lift the blockade from all joint account owners, or in accordance with a prior written agreement between the payment service provider and the joint account holders.
>> CONDITIONS FOR BENEFITS OF OCCUPATIONAL ACCIDENT INSURANCE https://linconlaw.vn/conditions-for-benefits-of-occupational-accident-insurance/
Legal basis:
- Decree 52/2024/ND-CP regulates non-cash payments.
𝐋𝐈𝐍𝐂𝐎𝐍 𝐋𝐀𝐖 𝐅𝐈𝐑𝐌 – 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐜𝐨𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧
- In Hanoi: 4F Sudico Tower, Me Tri street, My Dinh 1 ward, Nam Tu Liem district, Hanoi city.
- In HCMC: 272 Do Phap Thuan, An Phu ward, Thu Duc city, Ho Chi Minh city.
- Website: http://linconlaw.vn/
- Email: Lawyer@linconlaw.vn
- Facebook: https://www.facebook.com/Linconlawfirmm
- Linkedln: linkedin.com/in/lincon-law-firm-100b96201
- Hotline: +84.987.733.358