Joint Account

A joint account is a bank account owned by two or more people, often a shared checking account or savings account. Each owner typically has the right to deposit, withdraw, and manage funds.

Joint accounts are common for spouses or business partners. Ownership and survivorship rights vary by jurisdiction and account agreement.

Related Terms

Account Title

Account title is the official name on a bank account. It identifies the account holder(s) for deposi...

Checking Account

A checking account is a deposit account held at a financial institution that allows withdrawals and ...

Savings Account

A savings account is a deposit account that typically earns interest on the balance. It's designed f...

Beneficiary

A beneficiary is a person or entity designated to receive funds, property, or other benefits from a ...

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