Definition

A joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can withdraw from the account and deposit to it. Usually, joint accounts are shared between close relatives or business partners.

What is a 'Joint Account'

A joint account is a bank or brokerage account that is shared between two or more individuals. Joint accounts are most likely to be used between relatives, couples or business partners who have a level of familiarity and trust for each other, as this type of account typically allows anyone named on the account to access funds within it.

Explaining 'Joint Account'

Joint accounts can be established on a permanent basis, such as an account between a couple where their salaries are deposited, or may be temporary, such as an account between two parties who contribute funds for a short-term purpose. In the event of a death of one of the account holders, the remaining account holders will have sole access to the funds, as well as any debts associated with the account.

Further Reading

RETRACTED: Enterprise resource planning systems and non-financial performance incentives: The joint impact on corporate performance
www.sciencedirect.com [PDF]
… Commercial Arithmetic to Life Annuities and Joint Stocks … that were not included in the water rates), Fogel adjusts his original cost differentials to account for these … Barro, RJ, 1991, “Economic Growth in a Cross Section of Countries.” Quarterly Journal of Economics 106, 2 (May …

Decline in financial reporting for joint ventures? Canadian evidence on removal of financial reporting choice
www.tandfonline.com [PDF]
… Commercial Arithmetic to Life Annuities and Joint Stocks … that were not included in the water rates), Fogel adjusts his original cost differentials to account for these … Barro, RJ, 1991, “Economic Growth in a Cross Section of Countries.” Quarterly Journal of Economics 106, 2 (May …

[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-SZSZ201204005.htm' />Research on Calculating of Shareholder Assets in the Joint Account in the Global Market [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-SZSZ201204005.htm'>PDF]
… Commercial Arithmetic to Life Annuities and Joint Stocks … that were not included in the water rates), Fogel adjusts his original cost differentials to account for these … Barro, RJ, 1991, “Economic Growth in a Cross Section of Countries.” Quarterly Journal of Economics 106, 2 (May …

Group-lending: Sequential financing, lender monitoring and joint liability
www.sciencedirect.com [PDF]
… Commercial Arithmetic to Life Annuities and Joint Stocks … that were not included in the water rates), Fogel adjusts his original cost differentials to account for these … Barro, RJ, 1991, “Economic Growth in a Cross Section of Countries.” Quarterly Journal of Economics 106, 2 (May …

Joint production and financing decisions: Modeling and analysis
papers.ssrn.com [PDF]
… Commercial Arithmetic to Life Annuities and Joint Stocks … that were not included in the water rates), Fogel adjusts his original cost differentials to account for these … Barro, RJ, 1991, “Economic Growth in a Cross Section of Countries.” Quarterly Journal of Economics 106, 2 (May …

Buyer–supplier contracts versus joint ventures: Determinants and consequences of transaction structure
journals.sagepub.com [PDF]
… Commercial Arithmetic to Life Annuities and Joint Stocks … that were not included in the water rates), Fogel adjusts his original cost differentials to account for these … Barro, RJ, 1991, “Economic Growth in a Cross Section of Countries.” Quarterly Journal of Economics 106, 2 (May …

Q&A About Joint Account