Joint accounts can be a great option for people who are on the same financial page, but can cause huge headaches in some cases. In this guide, we break down when opting for a joint account makes sense, tips to navigate joint account usage and how to choose the best joint bank account in Canada for you.<\/p>
A joint account is any type of bank account that\u2019s held in two or more names. Everyone named on the account has equal access to the money and can use the funds however they see fit. Although in Canada these accounts can be opened by any two people regardless of relationship, they\u2019re generally used by family members, couples or business partners who trust each other.<\/p>