7 things South African couples should know before opening a joint bank account

[BusinessTech]

7 things South African couples should know before opening a joint bank account

This conversation becomes even more important and sensitive when one partner earns more than the other, according to experts.

 

[EADC]

Don't.

 

[backstreetboy]

Don't.

Then the marriage will fail.

 

[EADC]

Then the marriage will fail.

Don't do that either.

 

[Crowley]

AFAIK there are no more joint bank accounts available from SA banks.

 

[backstreetboy]

Don't do that either.

Lol. Just a bit negative aren't you?

 

[Dan C]

Who in their right mind will do that ?

 

[backstreetboy]

Who in their right mind will do that ?

People that got married for the right reasons? Not to muck about.

 

[Grubscrew]

What worked for us, initially each of us having our own account and then we had a shared account that covered our shared expenses which each one paid into equally. But in the last few years, we divided financial responsibilities up according to each spouse's means and cover that from our respective accounts. We both have access to each other's accounts also.

 

[ToxicBunny]

People that got married for the right reasons? Not to muck about.

What are the right reasons that require a retarded joint bank account.

 

[cr@zydude]

A joint account will get locked when one spouse dies. It's thus important to keep some money in separate accounts if you want a main joint account.

 

[ekske1]

"7 things South African couples should know before opening a joint bank account", TL;DR:

Don't.

 

[Alton Turner Blackwood]

Wait, do we even have joint accounts in SA?

 

[Dan C]

People that got married for the right reasons? Not to muck about.

They may f... about. Besides, it's not really about trust. It just does not work anymore. With FICA etc. it becomes a pain.

 

[backstreetboy]

Wait, do we even have joint accounts in SA?

Yes I can get extra cards linked to my VMCC and Capitec accounts.

They may f... about. Besides, it's not really about trust. It just does not work anymore. With FICA etc. it becomes a pain.

Shouldn't really. Unless one dies.

 

[Alton Turner Blackwood]

Yes I can get extra cards linked to my VMCC and Capitec accounts.

Sure, but in either case it's still your account

 

[backstreetboy]

Sure, but in either case it's still your account

You don't say sherlock?

 

[Alton Turner Blackwood]

You don't say sherlock?

Watson, I think you should put down the glass and go Google what the phrase "joint bank account" means. Not the nonsense you're referring to about making somebody a signatory on your account - which is actually what you're referring to.

 

[newby_investor]

I'm also curious about this. The wife and I use a "joint" account basically by sharing the card. But it's in my name. I just make sure to have another account in her name in order that if I do kick the proverbial, then she has access to some funds.

 

[backstreetboy]

Watson, I think you should put down the glass and go Google what the phrase "joint bank account" means. Not the nonsense you're referring to about making somebody a signatory on your account - which is actually what you're referring to.

Signature on my account? Haven't signed for something in ages.