What is a Joint Account?

Bank accounts vary in type due to differing consumer tastes and preferences. You may want an account for business only, personal use, or just to save for your children's education. Certain accounts have features that allow more than one person to use the account.

You may have a new business with a partner or you're starting to save for the future with your wife. Using a 'Joint Account' would be most suitable due to its ease in accessibility to all holders, and convenience in shared payments and deposits.

Today in our financial glossary we are talking about 'Joint Account', https://www.chango.ca/glossary/joint-account/ what it means to you, and how it can apply to your financial life.

Feel free to comment below if you have any questions.

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