Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [joint-account]

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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 the common expenses money, and we pay all expenses…
Geo
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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 three of the credit bureau websites, but the mail…
awshepard
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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 checking account, where we each contribute the same…
rm -rf slash
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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 amount she's going to have to spend on new clothes…
deworde
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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?
Yamikuronue
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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 & live in Washington State. 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 of our finances out of…
user81142
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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 both parties pay 100% of the 1099-INT taxes?
neubert
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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 consider the gift as being half from each of us,…
Stan
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Depositing a check with both wife's and my name into my sole account

Not thinking, I deposited a check written out to both my wife and me into my sole account. The check seems to have cleared and it has been a few days since then. The check said "and" between our names, but I endorsed it and she didn't. What will…
The Dude
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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 to a different bank (I'm not sure I like this…
Yamikuronue
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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 of useful reports about my finances. I'm…
Shawaron
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Why doesn't the UK allow paying income tax as a couple, like the USA?

This is possibly an unanswerable question, but I'm curious as to why the UK doesn't have the concept of paying income tax as a couple, the way the USA does? It occurred to me a few days ago that, because I'm a higher rate tax payer and my wife is…
Richiban
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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 joint account). Fast forward a couple of years, and I…
Dark Hippo
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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). Unfortunately almost all of the properties within a…
Dai
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Different types of ownership in Vanguard mutual fund

I'm opening a joint account with my wife, and see the following options. What do they mean? Tenants with right of survivorship. Tenants by the entirety with right of survivorship. Community property or marital property. Tenants in…
Heisenberg
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