When you got married/live in relationship, did you get a joint bank account or continue with separate?

We did joint.

My son and his gf are doing separate. Most his married frlends are too.

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MicrowaveDinner · M

Are there any benefits to joint accounts?

SomeMichGuy · M

@MicrowaveDinner Seriously?

MicrowaveDinner · M

@SomeMichGuy yeah, seriously

MicrowaveDinner · M

@SomeMichGuy i genuinely dont know 😂 doesnt seem like something anyone i know does

SomeMichGuy · M

@MicrowaveDinner Not with a gf.

But in most jurisdictions, the household resources of a married couple are shared anyway, regardless of the pots you have them in.

A joint account makes it easier for moving resources around.

Additionally, titling accounts differently increases your coverage under the FDIC/appropriate insurance authority--you can have a joint acct, one in the husband's name in trust for the wife, the same with the wife in trust for the husband, etc.

MicrowaveDinner · M

@SomeMichGuy thanks for explaining!

SomeMichGuy · M

@MicrowaveDinner Np.

The multiple accounts can be useful.