What is a joint bank account&how does it work?

Answer Joint bank accounts have two or more people associated with them. Each person on the account typically has access to withdraw funds and adds funds to the account without permission from the other s... Read More »

Top Q&A For: What is a joint bank account&how does it work

What is a joint bank account?

A joint bank account is when two or more people own the same account. Every owner has the same rights and responsibilities regarding the account. There are advantages and disadvantages of having su... Read More »

Types of Joint Bank Accounts?

A joint bank account is one that is shared by two or more individuals--who each have access to its funds and can deposit and withdraw cash as stipulated in the joint account agreement. Joint accoun... Read More »

Joint Bank Accounts & Divorce?

When spouses divorce and cannot reach an agreement regarding division of the assets, a family law judge will divide it according to the state's family law and property rules. Joint accounts are typ... Read More »

How to Setup a Joint Bank Account?

Joint bank accounts can be opened at many financial institutions. Both account owners will have equal ownership of the account. If one owner decides to withdraw all of the money from the account, s... Read More »