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What is a joint account?

April 26, 2017account anti-money laundering BBA british bankers association business account finder financial jmlsg Joint joint account legal queries libor libor rates

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What is a joint account?

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An account which is opened in the names of more than one person.

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You can open an account as an individual or with joint ownership. An individual account is an account in the name of one person. A joint account is an account in the name of one or more persons. Online accounts can only be opened with two owners. The account owner(s) must have a social security number to open an account online. The primary account owner is responsible for any tax ramifications related to the joint account. The primary owner is generally the first person listed on the account unless the bank is notified otherwise. Persons under 18 years of age cannot open individual accounts.

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