Joint bank account

DianneN

@DianneN (247184)

• United States

31 Aug 20

@thelme55

It's the truth and it is great. It's "ours" and that's all that matters.

Thelma

@thelme55 (77162)

• Germany

31 Aug 20

@DianneN "What's mine is mine, and what's his is mine." That´s what I used to say to those who asked me because my hubby said so many years ago. Isn´t it great?

1 person likes this

@Janet357 (75646)

•

31 Aug 20

your husband is just generous i know because he buys you these and those.

1 person likes this

Kokil agarwal

@amitkokiladitya (171927)

• Agra, India

30 Aug 20

I don't mind having a joint account with mu husband ta all

3 people like this

Just an Ordinary Owl?

@owlwings (43910)

• Cambridge, England

30 Aug 20

I have a joint account for all the household and shared expenses. Each of us then transfers whatever is enough to meet those expenses and whatever is left in our personal accounts is ours to use as we please. I have previously worked out, of course, what will be needed to cover the expenses for the year and so know how much each of us should contribute and have set up direct debits and standing orders to make the payments into and from the joint account automatically. The system works for me and saves a lot of hassle and argument about who should pay what and when.

2 people like this

@Janet357 (75646)

•

31 Aug 20

It really works. Because arguments can be avoided. Money is a very sensitive issue thus one must know how to share expenses.

1 person likes this

Dominique

@dodo19 (47336)

• Beaconsfield, Quebec

30 Aug 20

My husband and I each have our own individual accounts. We do think of it as our money, but do like to have individual accounts.

2 people like this

Dominique

@dodo19 (47336)

• Beaconsfield, Quebec

31 Aug 20

@Janet357 That's kind of how we feel. We do talk about how to spend it, when we get paid and such. But it's each our own individual accounts.

@Janet357 (75646)

•

31 Aug 20

I think this one is better. both of you have freedom to spend it.

1 person likes this

Thelma

@thelme55 (77162)

• Germany

30 Aug 20

We have a joint account since we got married and we trust each other 100%. We know when one of us spend money from our account.

2 people like this

Thelma

@thelme55 (77162)

• Germany

31 Aug 20

@Janet357 Yes, that is true.

@Janet357 (75646)

•

31 Aug 20

this is good. Problems will be avoided.

1 person likes this

Piyush bhatia

@piyushbhatia1 (11695)

• India

30 Aug 20

Single bank accounts can have nomination of anyone.

2 people like this

@Janet357 (75646)

•

31 Aug 20

Hmm don't get it.

Piyush bhatia

@piyushbhatia1 (11695)

• India

31 Aug 20

@Janet357 I mean to say the person who would get the money after demise of the account holder.

msdivkar

@msdivkar (23359)

• India

30 Aug 20

we don't have any joint account. We both have separate account. As you have rightly pointed out it is god to have a joint account between husband and wife to avoid complication in transfer of money when either one passes away.

1 person likes this

msdivkar

@msdivkar (23359)

• India

31 Aug 20

@Janet357 Yes that is the reason many people opt for joint account.

@Janet357 (75646)

•

31 Aug 20

This is correct. So many papers need to fill in for bla bla.

1 person likes this

Jennifer

@LovingMyBabies (85288)

• Valdosta, Georgia

30 Aug 20

My husband and I have trust and honesty 100%, there is no hiding things from each other. Besides God sees everything and we will be held accountable one day when we stand before Him.

2 people like this

@Janet357 (75646)

•

31 Aug 20

this is correct. trust is a must

2 people like this

thatsjvl

@jvincent_129 (4994)

• Philippines

30 Aug 20

You can have two account , one separate and one joint.

1 person likes this

@Janet357 (75646)

•

31 Aug 20

this is my plan.we have joint. but i want one just for myself

hereandthere

@hereandthere (45645)

• Philippines

30 Aug 20

you can apply for a joint account but make it "OR" not "AND". for example, the account name is janet x or kyle x. that way, any one of you can deposit, transfer or withdraw any time.

1 person likes this

@Janet357 (75646)

•

31 Aug 20

This is our present account. And/or.

hereandthere

@hereandthere (45645)

• Philippines

31 Aug 20

@Janet357 and i'm also telling you that you can also make an OR account so you can avoid the disadvantages you mentioned as long as you have open communication about the withdrawals.

rakski

@rakski (126430)

• Philippines

30 Aug 20

we have separate accounts but I manage all of them

2 people like this

CarolDM

@CarolDM (203422)

• Nashville, Tennessee

30 Aug 20

Everybody has their preference.

1 person likes this

@Janet357 (75646)

•

31 Aug 20

1 person likes this

Raj

@Butterfingers (66583)

• India

30 Aug 20

Yes people prefer Joint account. Mom dad have one. I personally prefer individual one

1 person likes this

@Janet357 (75646)

•

31 Aug 20

1 person likes this

sherly

@sherlysherly (304)

• Indonesia

30 Aug 20

I think I prefer to have separate accounts.

1 person likes this