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joint account

noun

  1. a bank account in the names of two or more persons or parties and subject to withdrawals by each.


joint account

noun

  1. a bank account registered in the name of two or more persons, any of whom may make deposits and withdrawals
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Example Sentences

When she asked for a joint account, like other couples she knew, he said no.

From Salon

Opening a joint account has drawbacks, too, such as what might happen if a friend wants to leave the group.

Depending on the bank, removing someone from a joint account can be tough or impossible without closing the account.

In addition, unlike an individual account, a joint account gives every person equal legal ownership of the funds in it whether the person contributed all of the money or not.

United said Thursday that a “pool leader” can pick up to four other people to set up a joint account in its MileagePlus program.

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