A Joint Account is simply a Bank Account in the name of two or more people. You can either convert your existing Bank Account into a Joint Account by adding someone else to it, or open a new account in two people's names.
Benefits
Important things to remember
Along with the benefits of opening a joint account, there are also extra responsibilities. Here are a few things to consider:
- Each person can make withdrawal, use cash machines or apply for an overdrafts without needing the other's approval
Apply for a joint account
You can open a joint account or add someone to your existing account at your nearest branch. You'll both need to go into a branch so that you can provide identification in person.