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- Considerations when Opening a Joint Bank Account with a Spouse
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Contrary to what many couples believe, opening a joint bank account is a b financial step.
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This snifies trust in each other, as well as confidence that the other person is going to act responsibly.
Considerations when Opening a Joint Bank Account with a Spouse
Most couples who are interested in opening a joint account are newlyweds. If you are in the process of doing this, here are some things to think about:1. Are you going to use your bank or the one your spouse has always used? While this may seem like a meaningless detail, it is actually quite important.Warning: Never open a joint account with your boyfriend/girlfriend or fiance.
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You may find that your spouse is attached to his or her bank, and is not willing to open an account anywhere else. Money Crashers recommends looking for a trusted, local bank or credit union in your area, rather than choosing a mega bank.
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