Sentences with phrase «co-owner of a joint account»

For example, if you were a co-signer on a loan that was paid as agreed or if you're co-owner of a joint account that's in good standing and is not listed on your credit report but it is on your partner's, you should contact the creditor to be sure that kind of information is reported to all three credit bureaus.

Not exact matches

Sam and Sue could also open a joint account and deposit a total of $ 500,000; as co-owners, they would each own half of the balance, or $ 250,000.

If a couple has a joint checking account and a joint savings account at the same insured bank, each co-owner's shares of the two accounts are added together and insured up to $ 250,000, providing up to $ 500,000 in coverage for the couple's joint accounts.

If you choose to open a joint account at the bank, you and the account co-owner will each be insured up to the limit of $ 250,000.

All of the funds in a joint account may be used to repay the debts of any co-owner, whether they are owed individually, by a co-owner, jointly with other co-owners, or jointly with other persons or entities having no interest in your account.