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Ends soon: Highest ever bonus of 70,000 points for the TD® Aeroplan® Visa Infinite* Card + MORE Aug 11th
A heads up for our readers that the highest ever bonus of 70,000 points for the TD® Aeroplan® Visa Infinite* Card won’t be around for much longer. Ranked as the best airline credit card in Canada, this premium offering from TD also provides strong earn rates on everyday spending, good travel.... More »
RWRDS Daily Update – June 15, 2023 + MORE Jun 16th
Tangerine Money-Back Credit Card Review, IHG opens their newest hotel in Courtney BC and Cathay Pacific Lounge in Vancouver re-opening tomorrow. Check out today's points & miles updates here:
The post RWRDS Daily Update – June 15, 2023 appeared first on Rewards Canada..... More »
RWRDS Daily Update – November 22, 2023 + MORE Nov 22nd
New Amex Offers statement credit for dining at Toronto Pearson International Airport and the race for the first Moxy Hotel to open in Canada looks like it will go to Halifax - by five days! Check out today's points & miles updates here:
The post RWRDS Daily Update – November 22, 2023 appeared.... More »
Final week? The best ever bonus on the RBC Avion Visa Infinite Card Apr 23rd
The current best ever bonus of up to 55,000 Avion Rewards points on the RBC Avion Visa Infinite card is set to end on April 30, 2023. This is one of the easiest welcome bonuses to achieve in the market and great for someone looking to quickly get a lot of points that they can […]
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American Express Cobalt Card: 23 new confirmed multiplier locations in Canada & South Africa + MORE Jan 17th
Here’s our next update to the American Express Cobalt Card Confirmed Multiplier Locations with 23 new locations from Canada and South Africa being added today. Thanks to the RWRDS Canada community, the feature has now surpassed 2,000 entries covering thousands of locations around the world where y.... 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…
