Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [joint-account]

The tag has no usage guidance.

2
votes
2answers
141 views

Does “community property” apply to day-to-day finances or only during a divorce?

What is the scope of the "community property" concept? Does it have any practical meaning in the scope of day-to-day finances for a married couple or does it apply to their finances only if divorcing?...
5
votes
1answer
178 views

What are the financial implications of merging my wife's bank and investment accounts with mine?

Background I've been married to my wife for eight years. For that entire time, we've had separate bank and investment accounts, mostly due to inertia. I make most of the money, and so I manage all ...
2
votes
1answer
64 views

My checking account used to be joint- can I still use the checks with both names?

I have a checking account for bills that I mostly use a debit card for, but I need to pay something by check now. This account used to be a joint one with my mom when I was a kid, but we took her off ...
0
votes
0answers
63 views

What are the tax implications of a joint account before legal union?

I'm getting married next year and we're buying a house soon (closure is in two weeks.) We're thinking of opening a joint checking account to make it simpler to pay for mortgage, property taxes, ...
0
votes
1answer
123 views

Tax implications of adding a LPR spouse as a joint account holder

If a US permanent resident adds a US permanent resident spouse as a joint account-holder on a brokerage (or other) account, what are the gift tax implications, if any? I believe that in the case of ...
2
votes
0answers
44 views

How do co-applicants affect loan terms and credit histories?

Alice and Bob are considering applying for a loan - for a discussion example, an Acme credit card. They have no previous credit connection. Applying individually, Alice would probably not be ...
0
votes
1answer
52 views

Married Couple - Open investment account Separate or Joined?

As a married couple, you could open investment accounts separately (one or two) or jointly. This is not about IRA or Roth accounts, but for standard investments, in the US. For this question, ignore ...
0
votes
2answers
228 views

How much risk is a debit card, if stolen?

I have a debit card that I share with my spouse. I keep just a small amount in the account linked to it. She was overcharged accidentally, and I noticed a negative balance on the card. I ...
2
votes
2answers
254 views

Try to invest ETF with my wife, should we open individual account or joint account?

Recently, my wife and I are looking at ETFs and hope we could invest some. While we were opening accounts, there are two options, one is individual and the other one is joint account. We thought ...
2
votes
1answer
6k views

Can a check made out to 2 people be deposited into a non joint account?

Can a check made out to 2 people be deposited into a non joint account? I have a check made out to myself and another person My bank will not allow e to deposit it into my personal account and there ...
1
vote
1answer
7k views

writing check on joint account

I need to pay mom's bills. I'm on her account, but her checks don't have my name on them. It is a joint account. Can I legally sign her checks, and will her creditors and her bank accept them?
12
votes
4answers
3k views

A credit card for the two of us: apply together or get it on my own?

My girlfriend and I are currently restructuring our finances to simplify our financial relationship and to discourage frivolous spending habits such as eating out. We have shared access to a joint ...
2
votes
0answers
84 views

Should I have a Joint account with spouse? [duplicate]

We have been married for almost 10 years, and have a stable, happy relationship. Both of us were working and living independently before getting married, and we continued the arrangement after ...
0
votes
1answer
87 views

Joint Account Signatories

If joint account have three signatories and instruction says account operates with joint signatures without any further specification of "any two", how many signatures are required to do financial ...
2
votes
1answer
177 views

Legal right to ask for someone bank records UK

My mother is involved in a dispute with her recently deceased partners daughter, who is demanding to see records of the joint bank account she held with her partner. My mother acted as her partner's ...
1
vote
0answers
50 views

Municipal bonds for married couple in different states

I am living in Michigan (state income tax) and my spouse is living in Washington (no state income tax). We are interested in investing in municipal bonds. From my understanding, in order to take ...
1
vote
1answer
2k views

FBAR - Filer is Principal Joint Owner

It is unclear in the instructions what to put in the "Principal Joint Owner" section for a joint account where the filer is also the principal owner. Under the "Number of joint owners" in the ...
0
votes
1answer
206 views

joint savings account requiring three signatures

Savings account requiring three (and) signatures for withdrawals. Does the (and) change to (or) upon the death of one of the signatories? Wells Fargo bank changed the requirement for two signatures ...
4
votes
2answers
272 views

Should a joint credit card be cancelled upon the death of the person named on the card?

This is specifically about credit cards issued within the UK. A little over 2 years ago, my father died, at the time of his death, my parents had joint credit cards (or, credit cards linked to a ...
1
vote
3answers
722 views

Can putting someone else's Social Security Number on my credit cards hurt my credit score?

First of all, the other person would not get the physical cards (I would get the second card with their name, but destroy them upon receipt), so the balances should be safe. However, I'm unsure if ...
4
votes
1answer
318 views

How would I account in GnuCash for me and another entity contributing to a joint account?

Me and my wife are starting a joint account, separate from both of our accounts. The intent is for both of us to contribute equally to the account and use it for joint purchases. When I make a ...
4
votes
1answer
2k views

when you have a joint bank account who pays the 1099-INT taxes?

Let's say there are two people on a bank account. They both file taxes independently and aren't married or anything. Who then pays the taxes for the 1099-INT? Can the payments be split 50/50? Should ...
-2
votes
1answer
98 views

What will be the ideal financial plan for a group of people? Kindly read the question details [closed]

We 10 friends stay in Singapore, Australia and various cities of India. We want to open a joint fixed deposit account in name of each one of us which should be locked-in till 2020. The money input ...
0
votes
2answers
129 views

How to create joint foreign currency account in Israel between US/Israeli citizens

I live in the U.S. (American citizen) and my son in Israel (Israeli citizen). I want to know if it's possible to open a joint foreign currency account which would permit me to lend him money and ...
2
votes
1answer
247 views

How to report nominee dividend income claimed by another?

In the U.S., if I receive a 1099-DIV for an account that is titled with me as joint tenant with another individual that lists my name first and is reporting under my social security number, how do I ...
1
vote
2answers
756 views

Joint bank account and taxes in UK

I am working full time in UK and don't have any other jobs or money sources except this full time job. I have a bank account in HSBC UK. My wife is going to register as self employed (freelancer) here ...
5
votes
1answer
2k views

Would there be issues with giving someone a gift out of a joint account if the total is over the annual limit per person?

My sister and I would like to give another relative $25,000 as a gift. We have a joint bank account together, and had planned on writing a single check from the joint account for the full amount. We ...
4
votes
5answers
2k views

What things should I consider when getting a joint-mortgage?

I'm currently renting and I'm wanting to buy a house in the area to live in (because I want more space and I want my money to go into an asset rather than simply losing money I'm paying in rent). ...
1
vote
2answers
93 views

Can I make a joint account in UK?

I am an international uni student living with a British student in UK. Due to complications in dividing money when it comes to buying groceries, we decided it would be best that we open a joint bank ...
0
votes
1answer
90 views

Is my spouse at risk for a joint filing in a year where I have settled a major debt? [closed]

I settled and wrote-off a major debt. This was recorded as 1099-E income. I incurred all of this debt under my name only, and she was not my spouse at the time I got into the debt. She was my ...
3
votes
1answer
28k views

Joint account that requires all signatures of all owners to withdraw money?

I want to open an account/cheque that works like a joint account but when some one want to withdraw the money, he/she must have all the agreement/signatures of all of the rest of the other owners. ...
0
votes
1answer
435 views

How is tax attributed on a joint savings account?

My girlfriend and I may both use up our ISA allowances this year. We are currently saving for a deposit on a house, so we are considering opening a joint bank account. Next year, I will probably be ...
11
votes
3answers
1k views

How should we deal with money during my spouse's maternity leave?

I recently realised that my partner is more anxious than I suspected about what we're going to do about money. Principally, she feels guilty for spending money on herself, and is worried about the ...
3
votes
3answers
2k views

Cashing a joint check

My girlfriend (over 18) is estranged from her parents, but recently discovered money in her name in the form of stocks. She sold the stocks, but the company that handled the transaction sent a check ...
6
votes
5answers
7k views

Joint bank account - is this normal?

I've recently opened a joint bank account with my fiancee. And yet, everything seems to be in his name, with me tacked on as an afterthought. Is this the normal way of doing things? If I were to move ...
6
votes
3answers
33k views

Can my significant other deposit a check made out to me?

We share a bank account; if the check is made out to me personally, can I have my other half run it to the ATM while I'm at work? Also, is it legal to do so?
5
votes
1answer
228 views

Marriage merger of finances and continuity of records

I just got married last week. Yay! I've been using Microsoft Money for 15 years. I have one gigantic file that has all of my transactions since early 1996 in it. I can use it to generate all kinds ...
1
vote
3answers
168 views

What happens to your ability to borrow money based on our joint finances?

We want to borrow money to buy our first home. We will be married soon, and want to know how the combination of incomes, expenses and debts will impact the ability to get a mortgage. There's the ...
27
votes
9answers
3k views

Which practice to keep finances after getting married: joint, or separate?

My wife and I have been keeping our finances separate for a long time. Some of my friends just put everything in a big pot. We each have our own pot, but then we have a common pot where we put all ...
3
votes
3answers
618 views

How to account for a shared mortgage in QuickBooks Online?

I co-own a house with two unrelated friends. We have a single mortgage that we're each responsible for our fraction of. We've been keeping track of our payments in a spreadsheet but for a variety of ...
2
votes
2answers
841 views

Credit card not showing up on joint account holder's credit report

My wife has practically no credit, and we're trying to build it up. About 9 months ago I opened a Kohl's store credit card, and added her as a joint cardholder. We recently went through her credit ...
16
votes
7answers
6k views

Should I open a joint credit card account with my girlfriend? She can't get her own card

My girlfriend has been unable to get a credit card because of an outstanding (and, we think, fradulent) debt on her record. We tried to contact the collection agency using the address listed on all ...