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Joint account
JOINT ACCOUNT

Definition: [ New, (not very) popular ] A bank account, usually a current or checking account, owned and operated by a couple (= a husband and wife).
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* All eleven elements would be in.


1. Purposeful (to emphasize, connect to #2).

2. Jointly considered a necessity by couple.

3. (Reserved.) (Marriage was not forced or arranged!)
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See perfect SHOTGUN WEDDING.
Below the Line
1. Credit(s) into the account are all from legal sources - whoever pays in money or monies!

2. Balance in the account, at any one instant, is not too 'large' - as mutually agreed or decided by or between both partners.

3. Bank instruments, such as cheque books, pay-in tellers, etc., are readily accessible to either or both husband and wife, anytime.

4. Account is domiciled in a bank that is financially sound or healthy.
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See perfect HUSBAND AND WIFE.


further below the line


1. Arrangement on the operation of the account is reviewable, as necessary or at specific intervals, as decided by both spouses.

2. 'Signatories' to the account should be just one (either) of the two owners. (If or where bank insists on two signatures, all cheque leaves must have been signed earlier by both husband and wife!)

3. Informal or formal rules guiding the operations of the account, between man and wife, must be established, understood and agreed to, and complied with by both spouses. These guidelines may include: withdrawal amount limit(s), time, notification, expenses or expenditure, etc. (connect to #2 below the line).
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See perfect PRENUP.


much further below the line


1. Causes no problem between or for the couple in the immediate or distant future and therefore, results not in regret(s), worries and anxieties, for account holder(s). (Their individual wills take care of what to do with balance(s) in the account, in the case of a partner passing on.)

2. Serves purpose(s), whatever this/these is/are (connect to #1 below the line and #1 further below the line).
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See perfect TIFF.






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