joint account

American

noun

a bank account in the names of two or more persons or parties and subject to withdrawals by each.

joint account British

noun

a bank account registered in the name of two or more persons, any of whom may make deposits and withdrawals

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Did they open a joint account for bills?

From MarketWatch

“Couples find it helpful to have one joint account in which each person contributes a set amount each month that is used solely for paying shared expenses,” says wealth-management firm Focus Partners.

From MarketWatch

“Outline specifically all the shared expenses and those that you will be responsible for individually. How much you contribute to the joint account is up to you.”

From MarketWatch

It does not matter whether you pay this money from a joint account or a separate account; the Internal Revenue Service bases these gifts on donor to recipient.

From MarketWatch

Alternatively, couples might resolve to establish “yours,” “mine” and “ours” bank accounts where the joint account is used for monthly expenses with a budget that may or may not include miscellaneous activities.

From MarketWatch

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023