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RWRDS Daily Update – May 31, 2023 Jun 1st
Last day to earn Flying Blue Silver Elite status with the Air France KLM World Elite Mastercard, June Flying Blue Promo Rewards will include two Canadian cities and Singapore Airlines will offer free unlimited Wi-Fi in all fare classes! Check out today's points & miles updates here:
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American Express Cobalt Card: 26 new confirmed multiplier locations Nov 25th
Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 26 new locations being added today from Canada and the U.S.. Thanks to the RWRDS Canada community for providing details on thousands of locations where you can use the American Express Cobalt Card to e.... More »
Podcast Episode 105: Checking out the new Aspire | Air Canada Cafe at Billy Bishop Toronto Centre Airport Jun 9th
In this episode we check out the brand new Aspire Air Canada Cafe at Billy Bishop Toronto Centre Airport! Rewards Canada’s Jeff Fredericks had the pleasure of attending the grand opening of the newest business class lounge in Canada and sitting down with Air Canada’s Mark Nasr to discuss.... More »
RWRDS Daily Update – January 15, 2024 Jan 15th
Earn bonus miles with AIR MILES Receipts and AIR MILES Shops and Catch up on This week in RWRDS, our weekly loyalty newscast. Check out today's points & miles updates here:
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Researchers find neurons are capable of cooling down inflammation in fat tissue - Medical Xpress + MORE Jun 29th
Researchers find neurons are capable of cooling down inflammation in fat tissue Medical XpressMcMaster study uncovers potential hormonal link to weight loss CHCH NewsProtein revs up metabolism to help mice lose weight while keeping muscle intact FierceBiotechGDF15 pr.... More »
Pros and Cons of Opening a Joint Bank Account
– canadianfinanceblog.com
If you’ve recently been married or entered a committed relationship, you may wonder if it’s a good idea to join your banking with your spouse or partner. Perhaps you’ve discussed the idea with them, but you’re unsure if it’s better to open joint bank accounts or keep your finances separate.
In this article, I’ll explain how joint bank accounts work, including survivorship. I’ll also explain how my wife and I manage our bank accounts and why you may or may not want to do it the same way.
What Is a Joint Account?
A joint bank account is a chequing or savings account opened in more than one person’s name. In most cases, joint accounts have two owners, but many banks and credit unions will allow you to add several accountholders to a joint bank account.
With a joint account, all parties have equal ownership over the funds in the account. They also assume equal responsibility when it comes to account management. This means that all account holders can deposit and withdraw funds, make transfers, etc…
In this article, I’ll explain how joint bank accounts work, including survivorship. I’ll also explain how my wife and I manage our bank accounts and why you may or may not want to do it the same way.
What Is a Joint Account?
A joint bank account is a chequing or savings account opened in more than one person’s name. In most cases, joint accounts have two owners, but many banks and credit unions will allow you to add several accountholders to a joint bank account.
With a joint account, all parties have equal ownership over the funds in the account. They also assume equal responsibility when it comes to account management. This means that all account holders can deposit and withdraw funds, make transfers, etc…
