Compare Joint Bank Accounts to Help Meet Your Individual and Family Goals

Information verified correct on January 18th, 2017

When working towards similar financial goals as a couple, a joint account could be the best option for both parties.

A joint account can be either a transaction or savings account that is held in two or more names. You can set it up as either: both parties need to sign to approve transactions, or online one account holder has to sign.

These types of accounts are generally used by family members, couples or business partners who and trust each other. This is because anyone who is nominated on the account can use the money in the account in any way they see fit. You can compare accounts that allow more than two joint account holders here. 

NAB Classic Banking

Joint Bank Account Offer

No monthly account fee with no minimum deposit. Your Visa debit card unlocks special privileges worldwide with the HSBC home&Away Privilege Program.

  • Free use at over 3,400 NAB and RediATMs in Australia
  • 24/7 Mobile Banking, including Quick Balance checker
  • Tap and Pay for Android
  • Free linked NAB Visa debit card with payWave

    Rates last updated January 18th, 2017
    Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
    NAB Classic Banking
    Tap and Pay with your Android Phone using NAB Pay.
    No minimum deposit required.
    Visa $0 $0 No monthly account fees, ever. Free use at over 3,400 NAB and RediATMs Australia wide and $0 overdrawn fees. Open More
    Westpac Choice
    $0 ATM withdrawal fee at 50,000+ ATMs globally.
    Via Westpac's Global ATM Alliance. Get Cash without your debit card (conditions apply).
    Mastercard $0 $2,000 No ATM fees when using St.George, Westpac, BankSA or Bank of Melbourne ATMs in Australia. Deposit at least $2,000 per month and enjoy no monthly service fee. Open More
    ING DIRECT Orange Everyday Account
    $75 cash bonus up for grabs
    Get a competitive ongoing variable rate when linked with a Savings Maximiser.
    Visa $0 $1,000 No monthly fees, and you can use any ATM in Australia for free when you deposit $1,000 each month e.g your salary. Open More
    Bankwest Qantas Transaction Account
    Earn Qantas Points on eligible purchases and on your account balance.
    Conditions apply.
    Mastercard $0 $2,000 No monthly fees when you deposit at least $2,000 into your account each month. Free access to Bankwest and CommBank ATMs in Australia. No overseas ATM withdrawal fees (charged by Bankwest) though third party fees may apply. Open More
    BankSA Complete Freedom Account
    Open one in less than 5 minutes with Cardless Cash available.
    Visa $0 $2,000 No monthly account keeping fees when you deposit at least $2,000 in the account each month. Free access to BankSA, St.George, Westpac and Bank of Melbourne ATMs. Open More
    ANZ Access Advantage
    Take advantage of Apple Pay by linking your ANZ Visa Debit card to an eligible iPhone and seamlessly pay for purchases with your phone.
    Visa $0 $2,000 No monthly account fee when you deposit at least $2,000 per month. Other fee waivers available based on your personal situation. Open More
    Bankwest Easy Transaction Account
    Pay no ATM fees at over 10,000 ATMs in Australia (conditions apply).
    Mastercard $0 $2,000 Minimum deposit of $2,000 per month needed to waive the monthly account fee otherwise a $6 monthly fee applies. No ATM fee applicable at Bankwest, CBA, NAB, ANZ, Westpac, St.George, BoM and BankSA ATMs in Australia. Open More
    St.George Complete Freedom Account
    10% Cash back for online gaming purchases.
    Waived account keeping fees when minimum deposit is met with no minimum balance.
    Visa $0 $2,000 No account keeping fees, if you deposit $2,000 per month plus no minimum balance required. No ATM fees when using St.George, Westpac and BankSA ATMs. Open More
    HSBC Day to Day Transaction Account
    Your Visa debit card unlocks special privileges worldwide with the HSBC home&Away Privilege Program.
    Visa $0 $0 $0 monthly fees. No ATM fees at over 3,000 HSBC, Westpac, St.George, Bank of Melbourne and BankSA ATMs. Open More
    Rates last updated January 18th, 2017
    Maximum Variable Rate p.a. Standard Variable Rate p.a. Bonus Interest p.a. Fees Min Bal / Min Deposit Interest Earned
    ME Online Savings Account
    Ongoing, variable 3.05% p.a. rate when you link to a ME Everyday Transaction account and make a weekly purchase with your Debit MasterCard using tap & go. Available on balances up to $250,000.
    3.05% 1.30% 1.75% $0 $0 / $0 Open More
    Citibank Online Saver
    Introductory rate of 3.00% p.a. for 4 months, reverting to a rate of 1.70% p.a. Available on balances below $500,000.
    3.00% 1.70% 1.30% $0 $0 / $0 Open More
    RaboDirect High Interest Savings Account
    Introductory rate of 3.05% p.a. for 4 months, reverting to a rate of 2.00% p.a. Available on balances below $250,000
    3.05% 2.00% 1.05% $0 $0 / $0 Open More
    HSBC Serious Saver
    Introductory rate of 2.25% p.a. for 4 months, reverting to a rate of 1.60% p.a. Available on balances below $1,000,000.
    2.25% 1.60% 0.65% $0 $0 / $0 Open More
    ANZ Progress Saver
    Ongoing, variable 1.91% p.a. when you link to any Australian everyday bank account and deposit $0+ each month. Available on the entire balance.
    1.91% 0.01% 1.90% $0 $10 / $10 Open More
    BankSA Maxi Saver
    Introductory rate of 3.00% p.a. for 3 months, reverting to a rate of 1.05% p.a. Available on the entire balance.
    3.00% 1.05% 1.95% $0 $1 / $1 Open More
    ANZ Online Saver
    Introductory rate of 2.65% p.a. for 3 months, reverting to 1.25% p.a. Available on the entire balance.
    2.65% 1.25% 1.40% $0 $0 / $0 Open More
    Westpac Reward Saver
    Ongoing, variable 1.75% p.a. when you deposit at least $50 and make no withdrawals each month. Available on the entire balance.
    1.75% 0.01% 1.74% $0 $0 / $0 Open More
    Westpac eSaver
    Introductory rate of 2.51% p.a. for 5 months, reverting to a rate of 1.05% p.a. Available on the entire balance.
    2.51% 1.05% 1.46% $0 $0 / $0 Open More
    Citibank Ultimate Saver
    Ongoing, variable 1.65% p.a. when you maintain a balance between $10,000 and under $1,000,000.
    1.65% 1.65% $0 10000 / $0 More
    BankSA Incentive Saver Account
    Ongoing, variable 1.75% p.a. when you make at least one deposit each month and no withdrawals. Available on the entire balance.
    1.75% 0.01% 1.74% $0 $0 / $0 Open More
    Suncorp eOptions flexiRates
    Lock in an amount and term of your choosing to earn a higher interest rate.
    2.65% 2.65% $0 $0 / $0 More
    ING DIRECT Savings Maximiser
    Ongoing, variable 3.00% p.a. when you link to an ING Orange Everyday bank account and deposit $1,000+ each month. Available on balances up to $100,000.
    3.00% 1.60% 1.40% $0 $0 / $0 Open More
    Rates last updated January 18th, 2017
    3 Mths p.a. 4 Mths p.a. 6 Mths p.a. 12 Mths p.a. 24 Mths p.a. 36 Mths p.a. 48 Mths p.a. 60 Mths p.a. Min Deposit Interest Earned
    Bank of Melbourne Term Deposit
    Bank of Melbourne Term Deposit
    2.20% 2.00% 2.30% 2.60% 3.10% 3.20% 2.80% 2.95% $1,000 Open More
    Bankwest Online Term Deposit
    Bankwest Online Term Deposit
    2.50% 2.20% 2.70% 2.70% 2.60% 2.60% 2.65% 2.65% $1,000 Open More
    BankSA Term Deposit
    BankSA Term Deposit
    2.20% 2.00% 2.30% 2.60% 3.10% 3.20% 2.80% 2.95% $1,000 Open More
    Westpac Term Deposit
    Westpac Term Deposit
    2.10% 2.00% 2.20% 2.50% 3.00% 3.10% 2.70% 2.85% $5,000 Open More
    St.George Term Deposit
    St.George Term Deposit
    2.20% 2.00% 2.30% 2.60% 3.10% 3.20% 2.80% 2.95% $1,000 Open More
    Bendigo Bank Term Deposit
    Bendigo Bank Term Deposit
    0.50% 0.75% 1.00% 1.25% 1.50% 1.50% 1.50% 1.50% $1,000 More
    How do savings accounts for couples work?

    The account can be opened for the long-term, like an account a couple opens to have their salaries deposited into, or it can be a temporary arrangement, like an account two people open to add money to achieve a short-term goal. If one of the account holders passes away, the remaining people named on the account will be able to access the money but will also be responsible for any debts the account may have accrued.

    What are the types of joint bank accounts for couples?

    Generally, you will find that there are two types of joint accounts, namely where both parties have to sign and where either party can sign.

    Both parties required to sign

    If you would like peace of mind, this is a good option to ensure you know what is happening with the money at all times. This type of joint account requires both signatories to sign for the approval of a transaction – both parties need to agree on the transaction and sign for it to be performed. This is popular with business accounts.

    However, you have to decide whether the added level of security is required. If you trust your partner implicitly, this may not be the best option because it can make the account difficult to access. For example, if you are away and your partner needs money urgently, he or she cannot make any withdrawals or payments without your signature.

    If you aren't entirely comfortable with allowing the other person full access to the money, one option could be to create a joint account where you deposit a limited amount of funds, while keeping your salary account separate and in your name only.

    Either parties able to sign

    When opening a joint account where either party can sign, this means that any parties named on the joint account can perform transaction on their own, without the knowledge or approval of the other person. In other words, security is at a minimum because your partner can take out money and spend it without you being an agreement or even knowing about it.

    On the other hand, it is a more flexible option and can make life easier. It's all a matter of trust.

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    Who are joint bank accounts suitable for?

    A joint bank account is a good idea for couples, where you really trust the other person. It could be your sister, brother or a partner. Opening a joint account with someone you barely know or have just met, even if it's your romantic partner, is most likely not a good idea.

    Case Study: Steve and Melissa

    Steve and Melissa have both changed their details with payroll so they can get their salaries paid into the joint bank account. The main reason behind this is so Melissa can handle any bill payments while Steve is on the road, as he travels a lot for work. He is a sales rep for a large manufacturer and he has to travel the country all the time.

    He has been with his partner Melissa for almost 5 years now and decide that it is time to make the decision to open a joint bank account together. The decide to open an ING DIRECT Orange Everyday Account online. Steve and Melissa both make incidental purchases, but as Steve gets access to the money 24/7 he does not mind Melissa spending as long as all the bills are paid.

    If you are in a relationship where you trust your partner implicitly and you both share similar goals and habits in terms of spending and saving, then a joint bank account might be a good idea for you. This type of account could make life much easier in terms of making deposits, withdrawing cash and paying your bills.

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    Should I open a joint bank account with my partner?

    If you are in a long-term relationship and you trust your significant other, a joint bank account can be an excellent tool to help you manage your money and achieve financial goals together. Firstly, you won't have to pay the fees twice and, secondly, drawing up a budget and sticking to it might be easier when you both pool your money together. Furthermore, if one of you has to be away for an extended timeframe, the other person can take care of all the financial aspects.

    The key to success when it comes to joint bank accounts is trust. If you have even the smallest doubt when it comes to your partner, then don't open a joint bank account and give them full access to your money. However, if the trust is there, then a joint bank account can be very helpful. It is important that both account holders establish clear ground rules and the lines of communication are not only open but used often.

    As with anything that has to do with your finances, look into any other options that might be suitable to your situation. Pose as many questions as you need to and ensure that you are happy with the arrangement before taking the final step.

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    How do I compare joint bank accounts?

    The easiest way to find a joint bank account that will suit your needs is to use financial comparison tool above to filter accounts according to your needs. We've done all the hard work for you and will allow you to compare most of the offerings available on the market on one page.

    Remember, as with any bank account, you'll want to find a bank that offers joint bank accounts with as few fees as possible. In fact, it's preferable to find one that won't charge you transaction fees, that will give you easy access to your funds and that will offer a reasonably good interest rate on the funds you have in your account.

    Furthermore, you don't want to waste time opening a joint bank account – most banks will allow you to open your account online, which makes it much easier in terms of coordinating schedules so that you are both present when opening the account. The majority of banks will let you enter all the information online, saving you a lot of time.

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    What are the pros and cons to opening a joint bank account?

    As with any financial product, there are advantages and disadvantages to joint bank accounts. Being aware of the pros and cons when it comes to joint bank accounts is essential to ensuring you make a fully informed decision regarding whether or not this type of account is a good option for your situation.


    • Save together. These types of accounts are usually best suited to people who have similar spending habits. For everything to proceed smoothly, it is vital for both parties to come to an agreement regarding how and when money will be deposited and withdrawn and to ensure that both share the same goals.
    • Less fees. Generally, people opt for a joint bank account because they don't have to pay as many fees as they would have to if they had two accounts. It can also make life easier in terms of paying bills, the mortgage or rent.
    • Full transparency. A joint bank account is an account where you completely merge your money with another person's since both of your names are on the account. This means that you both have access to the other person's money.
    • Easier to pay and schedule bills. This can be a great solution for couples because with all the money in one place, it makes it a lot easier to manage your personal finances.


    • Complete access to both parties money. If you opt for a joint bank account where either accountholder can sign, this means that both parties have the same level of control in terms of withdrawals and deposits.
    • Division of funds in case of separation. Either of the account holders can clear out the account, regardless of who made the deposits. Yes, you can take the other person to court to recover your share of the money, but it's a long and arduous process that offers you no guarantees that you'll ever be able to get the money back.
    • Complete transparency. This is a double-edged sword, while there is complete transparency you may lose some of your financial privacy.

    To take full advantage of such an account, you both could deposit all your money, from your salary to any cash you may receive as a wedding gift, into this account. The money can then be used to cover all your expenses, from paying rent or mortgage and the utilities to going out for dinner or drinks.

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    Joint bank accounts have advantages but they can also lead to trouble

    An increasing number of Australians are opting for joint bank accounts so that couples can manage their money together. According to Roy Morgan Research, it appears that 22% of account holders have a single bank account, which is a joint bank account, while 19% also have personal accounts along with their joint account.

    There are numerous important aspects to consider before opening a joint bank account, it all depends on how people like to manage their money. If they prefer their independence and like managing their own money, then a joint account isn't the best idea.

    It's also critical that partners and couples are completely open regarding their spending habits. This is because one partner may want to save for something and the other spends all the money because they can't keep their spending under control. Furthermore, some couples are hesitant to open a joint bank account because things can get complicated if they break up. In fact, things could get complicated and lead to a break up because of the joint account.

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    Common mistakes with joint bank accounts

    It's an enormous commitment and a very important decision to make in your relationship when it comes to opening a joint bank account. Trust is extremely important and you have to have that trust in place in terms of your partner being financially responsible during the good times as well as the bad.

    You really need to be careful if someone is trying to push you into opening a joint bank account. Someone who might have money problems could see you as the answer to their prayers. Keep in mind that such pressure could involve one partner questioning the other partner in regards to their feelings for them. Things you could hear include: "don't you trust me?", "it means you don't love me" or "what do you think I'm going to do? Run off with your money?" These are all a form of emotional blackmail, especially if accompanied by the cold-shoulder. In such situations, you should really refrain from opening a joint bank account because things are quite likely not to be what they seem.

    This is especially true when it comes to joint bank accounts that offer credit. Your partner could rack up a huge amount of debt they can't pay back and then you both are stuck with a poor credit history. Furthermore, you are just as responsible in the eyes of the law for paying back the loan as is the person who actually spent the money.

    So, you really need to be careful and consider every aspect before you open up a joint bank account. Make sure you are on the same wavelength with your partner in terms of your financial goals and don't let yourself be pressured into opening a joint bank account or you could end up losing every cent you have.

    What to ask yourselves before opening a joint bank account

    If you are considering opening a joint bank account, there are certain questions you need to entertain. These are questions that will help you determine if you are doing the right thing or not.

    Do you pool your expenses together?
    In other words, do you both use the same budget and consider your costs as family expenses rather than individual expenses? If all you have joint expenses, then it is logical to have a joint bank account.
    Are you both the same in terms of how you spend money?
    This refers to whether you are both financially responsible or not. In other words, is one of you going to scrimp and save while the other empties the account, spending money on frivolous things so that there's no money left to cover the bills? If this is the case, then you are better off either keeping things separate or opening a joint account where both of you have to sign for each transaction. It might make things a little more difficult but it will definitely be worth it.
    Are you comfortable with the idea of opening a joint bank account?
    You might save a few dollars on fees, but if you aren't really all that happy about the idea, then don't do it.
    Is the trust there?
    Trusting the other person completely in terms of them acting financially responsible, at all times, even if things get tough is essential. If the trust isn't there, you are better off keeping things separate.
    Are the lines of communication open?
    You need to ask yourself if you both find it easy to talk about money issues. If there are communication problems when it comes to money and if you feel you have to hold back on saying what you want or expressing your opinion, then you are better off avoiding a joint account.
    Are our financial goals the same?
    You need to know that you are both working towards achieving the same goals because otherwise you will end up with both of you trying to push the cart in opposite directions, which means you will just end up standing still. Even worse, one of you might be pushing harder and you'll end up going backwards rather than progressing.
    What is the goal of opening a joint bank account?
    Figure out exactly why you should open an account and see if there is a better way of achieving said objective. If you want to save money on fees, for example, consider whether the few dollars are really worth the worry. You could simply shop around to find an account with lower fees instead of opening a joint account.

    Tips for couples who currently hold a joint account

    Consider your reasons for a joint bank account

    Make sure you never open an account with someone you've just met or have some doubts about in terms of trust. Stick to opening a joint bank account with people you knew well and trust completely, such as your mother, father or spouse.

    If you have a joint account that you use for savings, paying credit cards, the mortgage or other bills, make sure that you are financially safe so that you are protecting yourself as well as your family.

    If the account is for everyday use, you need to ensure that both of you have the same goals in terms of savings. You also need to establish clear rules so that both parties are in full agreement regarding what the account will be used for.

    Communication is key

    On the other hand, if you've decided to go ahead and open a joint bank account with your partner, make sure you talk about the important issues in advance. For example:

    • Will either partner have an allowance to spend on whatever they want?
    • How much does each party have to put towards the bills?
    • Are there financial aspects that need to be dealt with separately and who will be in charge of said affairs?
    • What about financial obligations from the past, like child support, loans or other touchy issues?

    Then, you will have to decide which accounts will be set up as joint accounts and which will remain separate. For example, some couples choose to pool their savings in a joint account while their everyday accounts remain separate. Other couples opt to separate ownership of property, such as their homes, especially when said property was purchased before the relationship began.

    Work out a budget

    To make life easier for both of you, put together a monthly budget. The easiest way to do this is to write down all your expenditure for a week, which will allow you to see where all the money is going and if there are areas you can cut back on to save some money. Then, work out a budget. Don't be too strict and make sure to give yourselves some 'play' money, which will make it much easier to stick to your budget. Also, make sure you communicate with your partner regularly, as this will increase the chances of things succeeding.

    Maintain steady savings

    Since things happen in life, no matter how hard we strive to avoid problems, it's best that you make a plan for emergencies. This could be anything from unemployment or sickness to an accident or your car needing major work. The idea is that it's essential to have some money set aside specifically for such emergencies. A personal overdraft could be useful in such situations as well as ensuring you have quite a bit of free credit balance on your credit cards. Of course, don't forget about insurance either. Ideally, though, you should set aside some cash in a separate bank account as well.

    Remember your financial goals

    You should also make sure you and your partner are on the same page in terms of savings. Establish your goals together and you will find it a lot easier to save money when you are both working towards the same objective, like a deposit on a home, a special holiday, a car or furniture.

    For some couples, a joint bank account is a great option. If you decide to go with a joint bank account, you will both have to go to the bank and open the account. Note that certain banks will let you open the account online, which will make life a lot easier in terms of schedules.

    Real questions from users

    Is it possible to get additional debit cards?

    Some banks will allow you to give out additional credit cards tied to your main credit card account. While not strictly a joint account, it still gives another person power over your money. So, to make sure things go smoothly:

    • Never give out cards to people you don't know or trust;
    • Don't give out cards if you aren't able to manage your own credit card properly;
    • Keep in mind that in most cases you are the only one responsible for the loan. No matter who spends the money, you will still be the one who has to pay it back, so think twice before giving out cards attached to your credit card account.

    If you aren't too certain about opening a joint bank account and giving your partner full access to your money, an alternative that would still offer you the convenience you are looking for is to open a joint bank account that you use to pay bills while still keeping your money in separate accounts. Just have a talk with your significant other in terms of what bills the account will be used to pay and how much each person will contribute to said bills.

    How much should we deposit?

    To decide how much will be deposited in the account, you can work out a fair percentage you can both put in the account every week, fortnight or month, depending on how you get paid. This percentage should generally be calculated in terms of how much each party makes as well as what the budget is and what each party's expenses are. However, talking is the best way to come up with a way to make sure both sides are happy so that you can avoid problems, including resentment building up and cheques being bounced.

    Joint bank accounts can be a good idea but only if you and your partner are on the same page when it comes to how you spend your money and what your financial goals are. If you are simply opening the account for the sake of convenience, remember that there are plenty of other options that can provide the same level of convenience without the risk. However, if the trust is there, a joint bank account can definitely make life much easier, especially when you are working together to achieve certain financial goals.

    Have you considered joint life insurance cover?

    If your considering taking out a joint bank account, it could also be worth considering a joint life insurance policy to make sure your spouse or partner is protected. Joint-cover is designed for couples or business partners with similar life insurance cover requirements. As there is only one policy in place for two people, the sum-insured will be paid on a "first death" basis, after the payment is made the contract will end.

    Joint life insurance policies generally offer premium discounts of between 5-10%.

    Make an enquiry for joint life insurance

    Shirley Liu

    Shirley is's publisher for banking and investments. She has completed a Masters in Commerce (Finance) and is the author of hundreds of articles. She is passionate about helping Aussies make an informed decision, save money and find the best deal for their needs.

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    32 Responses to Compare Joint Bank Accounts to Help Meet Your Individual and Family Goals

      Default Gravatar
      Chelsea | June 16, 2016


      My boyfriend and I are looking to open a joint account but don’t want to use either of our banks (ING and NAB)

      It seems like a lot of these need linked everyday accounts,

      Can you please clarify the ones that don’t need a linked account?

      Thank you,

        May | June 16, 2016

        Hi Chelsea,

        Thanks for your inquiry.

        Yes, there are actually (joint) savings accounts that do not need a linked transaction account and you can compare your options here. I’d encourage you to play with the calculator (on top of the table) to see which account can give you high interest earnings. Once you have chosen an account you wish to apply, simply click on the green ‘Open’ button to head over to the bank’s website.

        I hope this has helped.


      Default Gravatar
      Dianne | May 18, 2016

      I have a ANZ account and my partner wants to join in with my account as a joint I go to the bank and fill out a form and get him to sign. Then I bring it to the bank to get a new card

        Shirley | May 19, 2016

        Hi Dianne,

        Thanks for your question.

        If your partner is a new customer to ANZ he will need to verify his ID in a branch or Bank@Post location. You can grab the forms but your partner will need to come into the branch anyway.

        Hope this helps.

      Default Gravatar
      Revder | August 27, 2015

      We have a joint account, twice a month there are 2 payments of $600 going to a separate mortgage account from the joint account. If i pay $600 at month and my partner pays 2 payments $300 how would this make a difference between our payments to the mortgage as the input is too a joint account and the correct amount is drawn by the mortgage account, the branch assistant says she is making 2 payments a month and therefore paying more than I am, but that’s rubbish as far as I am concerned, If i pay $1000 into the joint account only the same set amount will go to the mortgage irrespective. I feel we have been given misleading information.

      If the money we both pay went directly into the mortgage I would agree with the assistants comments but not in this case. Assistance please. Regards.

        Shirley | August 28, 2015

        Hi Revder,

        Thanks for your question, though I’m not too sure if I understand the situation correctly.

        Are the mortgage repayments being deducted from your joint account twice a month rather than once a month?


      Default Gravatar
      sveta | August 22, 2015

      hi. we have an account when we can only withdraw with both signatures. do we need to be at the bank together to do that, or could we go to different branches? Thanks

        Shirley | August 24, 2015

        Hi Sveta,

        Thanks for your question.

        Yes you need to be in the same branch to do that so you can show ID etc together.


      Default Gravatar
      Carole | July 28, 2015

      I need a joint savings account for a few months to collect money and then withdraw to pay for an even, and then close account. Is this something one would do? When I say joint, I mean someone else can access the money if I happen to be incapacitated or die. How much would such an account cost?

        Sally | July 29, 2015

        Hi Carole,

        Thanks for your comment.

        As a financial comparison service, we can’t actually recommend any one service, strategy or product to our users as the ‘best’ option will always depend on their individual financial circumstances. The costs associated with a joint bank account will also vary according to which card you choose.

        I would suggest you consider your financial situation and needs and compare these factors with the joint bank accounts available in the market. By completing such a comparison, you will be able to make an informed decision based on your specific needs.

        I hope this has answered your question.



      Default Gravatar
      andy | July 17, 2015

      hi there,

      my partner and i are wanting to open up a joint savings account and would like some guidance, we not live in different countries so it is a bit difficult, he is american and i am australian,

      do we just open up an account in either one of the countries?

        Sally | July 20, 2015

        Hi Andy,

        Thanks for your question.

        Generally, Australian banks only allow overseas account holders to open accounts if the cardholders is moving to Australia in the near future.

        You may need to research some US banks with your partner to confirm whether overseas and domestic account holders can share accounts there.

        I hope this has helped.



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      Robyn | July 1, 2015

      I am looking to open a joint account with three parties listed, do any of the banks offer this type of account ?

        Shirley | July 6, 2015

        Hi Robyn,

        Thanks for your question.

        Since it’s an industry standard that bank accounts allow up to two joint account holders, we don’t know of any banks that allow more than 2 joint account holders.

        However, with some accounts you may be able to add a ‘signatory’ which allows someone else access to the account (you certainly can with Business accounts).


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      tanya | June 2, 2015

      hi which bank can i open up an account with my daughter so that we can both access it

        Jodie | June 3, 2015

        Hi Tanya,

        Thank you for contacting, a financial comparison website, we are not able to offer personalised advice or recommend a product to you however we can offer generalised advice on your query.

        In order for both parties who are named on an account to have open access to the funds you will need to apply for an account that either party can sign, all the above accounts are able to be accessed via ATMs and most would allow you to get an additional card with the account to allow both parties to have ATM access.

        It would be best to use the above comparison to see which account best suits your needs then contact the bank directly, through the “Go to site” button, to discuss your specific wishes.


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      Fern | February 19, 2015

      I am thinking of opening a joint account with my son. 2 to sign. The money will be used to pay funeral expenses at a later date. Can the account be style that if one of the parties to the account dies …the remaining person can access the funds?

        Shirley | February 19, 2015

        Hi Fern,

        Thanks for your question.

        The account can be styled that if one of the parties to the account does, the other party can access the funds.

        The financial institution that holds this account will require this in writing when the account is opened.


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      Anna | January 29, 2015

      Hi, me and my boyfriend had relationship nearly 1 year and we lived together about 5 months. We want to make a join account. I just want to ask what documents are require to do that. Thanks

        Shirley | January 29, 2015

        Hi Anna,

        Thanks for your question.

        Generally you’ll need your tax file number (TFN). If you’re an existing customer of your bank, make sure you have your customer ID, too.

        If you’re a new customer you’ll have to see the bank in a branch (after they’ve opened your account) with 100 points of identification. This applies for both applicants.


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