How is a Joint Account different from an Individual account?

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Please note we are not currently offering new joint accounts.

 

If you already have a joint account:

  • Both owners have equal access to all of the funds in the account, and equal ownership rights over these assets. Both owners get their own debit card with a unique card number
  • Both owners can manage the settings on their cards (e.g. travel notice) independently.
  • Each owner will receive a unique account number for their Checking account but will use the same account number for their Savings account. Spending activity will pull from the shared balance despite having separate Checking account numbers
  • Each joint account holder has the option to set a monthly Pay What Is Fair (PWIF) amount. The PWIF amount set by each account holder will then be deducted from the account each month.
  • Each customer can only have one Checking & Savings account - either a joint or an individual account.

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