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Open a joint account It is a practice that is becoming less and less frequent, since the ease of access to online accounts already meets a large part of the demand.
But, as much as technology offers conveniences, separate accounts still come up against security rules for access, which makes life difficult for those who share a monthly budget.
In this case, a joint account offers some advantages, and that's exactly what we'll discuss today. Stay tuned!
What is a joint account?
In the last decade, the use of joint accounts was very common, as access to bank accounts was restricted, making it necessary to go to the branch most of the time.
Given this reality, having a joint account was very practical, as both parties could access and resolve banking issues.
However, with the popularization of the use of the internet to access banking information, this service is no longer as necessary, since, if you need information about your spouse's account, you can simply send a message so they can consult it in the bank's app.
As a result, it is common for younger people to not even understand what this type of account is for, as it has become a service that is less publicized by banks.
Coming back to the question in this thread: a joint account is nothing more than a bank account that has 2 holders, instead of 1.
In this model, both people have the right to access and move, and must reach a consensus on decisions related to the use of the balance for taking out loans and other services.
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3 Reasons to Open a Joint Account
As we saw previously, a joint account is nothing more than an account model that has 2 holders, instead of 1, which is the most common.
We also explained that this type of account existed due to the need to facilitate access to the account for people who share finances.
This is because, when the account has only 1 holder, only that person can make transactions and inquiries, which is certainly not practical.
However, the factor that has made opening a joint account rare these days is precisely the popularization of digital access to accounts.
However, although technology has made access simpler, a joint account still has advantages, and that's exactly what we'll talk about now!
1. Easy access to monthly budget
If you live with someone, you probably share responsibility for the monthly budget with that person.
And, we know that in this situation it is very common for only one of the parties to be responsible for the payments, precisely because getting together to deal with expenses is not always possible.
In this case, a joint account would be a “helping hand”, as both could access the account and pay bills without any major difficulties or obstacles.
So, if every month you need to remind your husband to send the electricity bill to your account, with a joint account this would not be necessary.
2. Waiting for Pix at the checkout? Never again!
Only those who have been in the situation of being at the checkout and realizing that they were R$ 30.00 short of getting that promotional bag know what despair is.
In this case, the most common solution is to send a message to that trusted person, asking them to make a Pix for the amount.
But, although it solves the problem, it's quite annoying to leave the attendant waiting until the person makes the Pix.
With a joint account, this problem doesn't exist, since you share the account and can use the balance without having to make last-minute transfers.
3. Building a banking history for both
Especially for those who regularly use their mother's or father's card, this practice can be a serious problem when it comes to building a banking history.
This is because each purchase and payment made goes into the history of the cardholder, not the person using the card.
In this case, when the person seeks credit from the bank, it is denied due to lack of history.
By opening a joint account, this problem is solved, as all transactions will be considered when building a history for both account holders.
So, if you already share cards with someone, opening a joint account can offer many more advantages.
How to open a joint account? Find out which banks offer this option.
By now you already know all the advantages of opening a joint account, but it's important to note that this option isn't so easy to find.
This is because the service has become increasingly in demand, so much so that digital banks, for example, no longer offer it.
Therefore, it is essential to look for the right banks in order to be able to open an account easily.
Among the institutions that offer the service, we can highlight:
- Federal Savings Bank;
- Bank of Brazil;
- Bradesco;
- Itau;
- Santander.
To open this type of account, simply go to a branch of the chosen bank with the person you intend to share ownership of.
Bring your documents and those of your partner, as both of your details will be requested at the opening.
In general, opening one is as simple as opening a regular checking account, so there's no need to worry.
As for transactions, the account will likely provide two cards, plus access to the app for both.
Read also: Banco Inter digital credit: a new way to make your purchases.
