Have you ever considered making a joint bank account with your siblings. This can be a very great opportunity as a family.
What do you say?
What do you say?
Can you have a joint bank account with your siblings?
- Thread starter Xtynehappy
- Start date
I wish i will but i don't have siblings. My only sister died when she was in her teens. Am the only surviving person in my family presently. 
⚘
⚘
It's strongly dependable. You can consider such a joint bank account only when you share the same relationship with money. If your ideas about how to spend, how to save and how to invest is at least similar. If you are a great saver, but your brother or sister likes to lavish money, each of you should have his/her own bank account.
I'm very sorryI wish i will but i don't have siblings. My only sister died when she was in her teens. Am the only surviving person in my family presently.
eLdavis
Media Lab Marketing Team (Digital Promoters)
Staff member
Digital Promoter
Gold Supporter
Literary Virtuoso
Registered Member
- Joined
- Sep 21, 2023
- Messages
- 12,379
- Reaction score
- 872
- Trophy Points
- 0
- Location
- Nigeria
- D Bucks
- 💵17.602825
- Referral Credit
- 0
I can, but I don't see any reason why, unless there is a specific reason then I think it's a pretty good idea.
- Joined
- Sep 25, 2023
- Messages
- 26,423
- Reaction score
- 2,300
- Trophy Points
- 147
- Location
- Philippines
- D Bucks
- 💵3.060350
- Referral Credit
- 100
Absolutely, No. We have each own savings account with my siblings. There's no reason to do it too. We have different financial sources of my siblings.
Everyone have their own individual account. My intention remain as once I will do this we may remain suspicious on other. Most of the time we miss our calculation and think that bank is trying to cheat us.
I have made it a standard thing that I won't have anything that is about money with family members. I prefer them to stay in their positions as family members so that hatred would not brew.
Exactly. Imagine a joint bank account with your siblings. Imagine a day John Doe wakes up and his hard earned money disappeared and the bank account is broken because his brothers Jerry and Jack have spent all the amount into futilities the day before.
- Joined
- Sep 25, 2023
- Messages
- 26,423
- Reaction score
- 2,300
- Trophy Points
- 147
- Location
- Philippines
- D Bucks
- 💵3.060350
- Referral Credit
- 100
That will surely happen if having a joint account with our siblings. Each sibling has different attitude and mind set and money is tempting if the owner self doesn't have discipline and self control.
I can't have a joint account with anyone in this life. Finances are very private matters and it is not something that should be shared. Someone having knowledge of your finances can lead to problems in the long run.
If it is only for personal financial accounts, why should you create a joint account with your siblings, personal accounts should be separate for each sibling so that there will be no problems.
This is the one I would not want to do as an adult. I don't think I see the Sense in doing this one. Let just have our accounts as individuals
Nomad
Moderator (Earnings Enforcer)
Staff member
Earnings Enforcer
Gold Supporter
Literary Virtuoso
Registered Member
- Joined
- Sep 29, 2023
- Messages
- 4,073
- Reaction score
- 200
- Trophy Points
- 17
- D Bucks
- 💵10.087313
- Referral Credit
- 0
I don't see a need for a joint account with a sibling unless you have a partnership business with your sibling.
If both the siblings are single, they may consider having a joint account so that when one sibling passed, the other can still use his/her money.
I don't think this is even advisable. to avoid creating issues over nothing it is better to have separate bank account
