The Benefits of Joint Bank Accounts

Most people are well aware of the benefits of holding a bank account, whether it’s in the form of a savings or current account. Current accounts allow for easy access to funds and are often linked to a debit card, while savings accounts typically build interest to encourage account holders to save. However, there’s a different type of bank account that many consumers aren’t familiar with - and that’s the joint bank account. A joint bank account - an account shared by two or more individuals - is a common offering of many banks. Yet many consumers don’t always realise that joint bank accounts offer certain benefits that aren’t available with regular or savings accounts - particularly when used between family

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