Sentences with phrase «joint checking accounts»

Joint checking accounts are not for everyone.

Many household bank accounts are joint checking accounts.

There are many advantages and disadvantages of joint checking accounts.

And bills are now paid through joint checking accounts.

I recommend meeting with a third party (such as a financial counselor) to teach them how to handle the joint checking account.

• $ 12,309 in a joint checking account naming Nikolas and Lynda Cruz that is now down to $ 353 according to his attorneys;

My wife and I opened a new joint checking account with Chase bank with on - line banking profiles.

Add this up: I took 20 grand from the joint checking account I have with my mom.

To clarify why my printed name appears on the check, because my wife and I have a joint checking account.

Mr. Fuchs and his fiancée used to use Venmo, but in preparation for their recent wedding, the two opened a joint checking account and now pool their expenses there.

Bi-weekly or monthly, a set amount will be transferred from the joint checking account into each separate personal checking account.

How to do it: All paychecks are deposited directly into the joint checking account and all bills are paid directly from there.

Each time a joint expense needs to be paid, it's paid directly from the joint checking account.

Set up paychecks so they are directly deposited into the joint checking account and set up automatic withdrawals to your savings account.

Sharing Finances (22:38)(Originally aired February 27, 2014) Following disputes over who should pay for dinner, Claire and Doug open a joint checking account and continue to fight over finances.

The major disadvantage of having a joint checking account or joint savings account is that your spouse can do anything with the joint account — including withdrawing all the funds — even without your knowledge or permission.

Although it might not seem likely, there is always a chance your spouse will do something that will ultimately ruin your financial standing; such as going on a spending spree or draining a joint checking account.

Instead, all paychecks were deposited into a joint checking account.

I have a joint checking account with my Mom and opened us a new 360 account because I'm tired of my old banks fees.

One advantage to a joint checking account is that all money is in one pot, so to speak.

Weighing whether it is advantageous to open a joint checking account is advisable before undertaking such an endeavor.

Consider simplify the paying of household expenses with a joint checking account that you each pay into each month.

«The husband has his paycheck directly deposited into his personal checking account and only transfers a small amount of money to the joint checking account,» he explains.

Common examples of a joint asset are a home where both spouses applied for the loan or a joint checking account.

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.

The card also features other amenities like the ability to write checks online for bill paying or an optional companion credit card which simulates a joint checking account.

Initially, there's no need to entwine your finances by, say, opening a joint checking account or buying a car together.

I signed up for the app, hooked up our joint checking account, and invited my husband to join the app.

To benefit from the good credit record already on the books in John's name, Mary should point out that she handled all accounts properly when she was married and that bills were paid by checks from their joint checking account.

Mary Jones, when married to John Jones, always paid their credit card bills on time and from their joint checking account.

This becomes even more important when you have a joint checking account.

If you made the donations from a joint checking account, then you each deduct half of the total charitable donation.

JOINT checking account.

Give your teen the financial freedom he or she wants along with the security of a parental joint checking account.

This is a very unusual situation, but I've encountered it several times with this one particular bank that my husband and his parents have a joint checking account with.

Like anything, there are pitfalls to consider before opening a joint checking account.

«A joint checking account makes running the household much easier and equitable,» he says, «and forces good financial communication.»

Keeping a separate checking account could be a way to prevent the possible drawbacks of a joint checking account.

If you have a joint checking account, you will be responsible for all advances, including interest and charges, from your credit card to cover overdrafts, regardless of who writes the check, makes the debit card purchase, or engages in any other transaction that causes the overdraft.

However, through the opening of a new Elements joint checking account to applying for a debt consolidation loan, the experience was not only pleasant but a constant attitude of «We are here to help» was present.

So for instance, if your husband takes money out of your joint checking account to provide some sort of support to his mistress, the judge may take that into consideration when deciding how to divvy up the property.

It depends on the nature of the joint checking account.

Other financial responsibilities can also be detailed in a prenuptial agreement such as whether the couple will maintain a joint checking account with separate savings accounts and who will handle filing income taxes each year.

You might consider leaving one joint checking account open if you're going to continue living together while your divorce is pending; you can use this account to pay household expenses.

For instance, suppose you were given a $ 25,000 direct gift from your father that you then deposited into a joint checking account shared with your spouse.

I recently had a client whose income, all of which was derived from separate investments, was deposited into a joint checking account and the spouse tried to claim that these were marital funds.

For example, if a spouse receives an inheritance and deposits the inheritance funds in a joint checking account, it will likely be converted into community property.

For example, suppose a husband sells the rental property he owned prior to marriage and deposits the proceeds into a joint checking account shared with his wife.

If they wish, they may even use a joint checking account that is shared and used by both parents to manage and pay for the children's costs.

While TIC investors own a property in common, just as a husband and wife own all the money in their joint checking account, returns from the acquired property are paid in proportion to individual investments, enabling relatively small investors to benefit from the economies of scale related to a large property investment.