Banking
Joint account
An account with more than one owner or authorized relationship, subject to the institution's terms and applicable law.A planning reference for understanding who is recorded on an account.
Things to review
Ownership, access, survivorship, and institution-specific terms can differ. Record the relationship and review it with appropriate professional guidance when needed.
Key points
- Joint ownership is not the same as a beneficiary designation.
- Do not store credentials in Planstead.