Joint checking accounts allow equal access to deposit and withdraw funds. Opening a joint account is similar to opening an individual account.
Simplify the process of ending financial ties. Learn the essential steps and tips on how to close a joint bank account efficiently and amicably.
Ready to open a checking account? Our guide walks you through the process, from choosing the right account to understanding the necessary documents.
How do I open a checking or savings account? ; What do I need to apply online? ; What should I bring to my appointment when applying in person?
This guide to joint bank accounts covers what a joint bank account is, its advantages and disadvantages, and how to open one. ; A joint bank account is a checking or savings account that is owned and controlled by two or more people (Your bank may limit how many owners a joint account can have). Any of the account's owners can make deposits into and withdrawals from the account. ; In many cases, everyone included in a joint checking account receives a debit card to make purchases and access the account through an automated teller machine (ATM). Similarly, all owners have access to checks.
Check out our top picks for checking accounts that allow joint account holders, plus competitive interest rates, maintenance fees and deposit requirements.
Joint checking doesn’t have to mean co-dependence — sharing an account can be a powerful way to manage money. Here’s how to make it work.
Should you pay extra for a premium account? How can you avoid fees? Browse Investopedia’s expert-written library to learn more about checking accounts, overdraft protection, more.
If you can’t open a bank account, you may feel worried, confused or ashamed. You may wonder, “Why can’t I open a checking account? What did I do?” ; You’re not alone. Around 3,192 individuals said they couldn’t open a bank account in the past three years, according to complaints filed with the Consumer Financial Protection Bureau. ; Take these steps to discover why you were rejected and how to get a bank account for direct deposits, debit card use, and stashing cash in an emergency fund.
Minimum Deposit, $0 ; Overdraft Fee, $0 ; Monthly Service Fee, $0 ; Bonus, Up to $300