[Money Monday] Why you should open a joint bank account with your partner

Couple with bills — Learning DITA

Collective spending gets easier

When couples create a joint account, they deposit a portion of their money or paychecks and this can be used to pay bills, rent, loans, buy groceries and other household items. Depending on the bank, each account holder will be given a debit card, chequebook and allowed to make deposits and withdraw funds. Some banks even offer online services which can help both partners to monitor their account information and others.