Dear Quentin, My husband and I have a joint investment account with $500,000 in it. It’s money I came into the marriage with ...

Ultimately, once you acknowledge the risks, it can still be a great idea to open a joint bank account. Aquino noted that in ...

A joint account is a type of bank account shared by two or more people. It can be a convenient tool if you need to manage money with another person, such as a family member or partner.

However, by depositing it into a joint account with your husband, you commingled the funds, so they became part of your marital estate. If you were to divorce, this money would likely be split 50/50.

Joint accounts are common for checking and savings accounts, credit cards, loans, and brokerage accounts. In a joint account, each account holder has equal access and equal responsibility.

A joint checking account makes it easy for multiple people to manage funds in a single bank account. It’s ideal for relatives, couples or even roommates who have shared expenses.

Joint accounts often have double the FDIC insurance limit of individual accounts. This means your money is protected up to $500,000, instead of the standard $250,000 for individual accounts. You ...

Compare individual and joint bank accounts, including benefits, drawbacks, and FDIC insurance limits. Decide which bank account best suits your goals.