<prompt> Human: Hi all...Im new here but I just had a question.One of my best friends needs help financially. He opened up a brand new checking account, basically which I am the primary holder and he is the secondary.The only money that goes into it his is own money, but he cant take it out or touch it, I need to sign off on it if he does.The reason being he is very bad with money quite a bit in debt he wanted me to control his finances to help him out.I signed off on it not thinking it through...but should I stay on or should I take my name off. I dont know if its a gray area with credit scores or with taxes Im an expat at the moment. I can take myself off easy and just make the account in his name only.Thoughts?  <response>: What would be the impact if the money he was putting in was obtained illegally? That would be one of the worst-case scenarios. Ordinarily in a joint account youd worry about overdrafts bad checks as well, but you say that cant happen here. Assuming he cant withdraw in any way without your approval. 