Definition of joint account in English:

joint account

noun

  • A bank account held by more than one person, each individual having the right to deposit and withdraw funds.

    • ‘Then decide whether you want to open a joint account so that your monthly expenses are paid by direct debit.’
    • ‘On the death of her father, Mrs. McKenzie received $42, 658.46 and deposited the funds into the joint account of the couple.’
    • ‘Setting up a joint account for household bills but keeping your individual bank accounts could be a happy compromise.’
    • ‘She held three personal accounts and the couple had a number of joint accounts.’
    • ‘Individuals, couples, families and small communities can avail personal accounts and joint accounts.’
    • ‘My wife and I have joint accounts at the bank and building society where either of us can sign cheques and make withdrawals.’
    • ‘In the co-owned example, less tax is saved but a joint account requiring both signatures for withdrawal provides a little more security.’
    • ‘Other types of non-probate assets include payable-on-death accounts, joint accounts held with rights of survivorship, life insurance and annuities.’
    • ‘The liquidator was entitled to claim the funds in the joint account on behalf of MG's creditors.’
    • ‘My husband Paul and I set up a joint account with AIB in the early 1970s and lodged savings into it.’
    • ‘The joint account was kept in funds by payments from her investments, and it was used solely for her needs.’
    • ‘When the husband left home, the couple continued to use a joint account.’
    • ‘In doing so, he would treat the money standing to the credit of the joint account as funds available for his own purposes.’
    • ‘I have a direct debit from my Barclays sole account to our NatWest joint account.’
    • ‘Since we have a joint account, she could withdraw larger amounts inside the bank.’
    • ‘I never looked at the joint account bank statements (as opposed to my husband), not even to check the balances.’
    • ‘For example, the Swiss bank account was a joint account with his father.’
    • ‘Participants were allowed to contribute all or part of their monetary resources to either the personal account or to the joint account.’
    • ‘A joint account cannot be used to fund any SSIA by an unmarried cohabiting couple.’
    • ‘We contribute a part of our monthly saving towards maintaining a joint account in the bank.’