Joint vs. Separate Bank Accounts: Which Is the Best Idea?

[VIDEO] Joint vs. Separate Bank Accounts for Couples: Which Is Right for You?

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6 second take: Some couples keep their money separate to avoid future risks, while others strongly support a joint financial front to strengthen their marital bond. Which type of couple are you?

Is a joint bank account a good idea for couples? Compare the benefits of joint vs. separate bank accounts to see what's right for you. #CentSai #Personalfinance #couple #bankaccounttips #bankaccountgoals

Is a joint bank account a good idea for couples? Compare the benefits of joint vs. separate bank accounts to see what's right for you. #CentSai #Personalfinance #couple #bankaccounttips #bankaccountgoals
Is a joint bank account a good idea for couples? Compare the benefits of joint vs. separate bank accounts to see what's right for you. #CentSai #Personalfinance #couple #bankaccounttips #bankaccountgoals

You're in love, probably living together, and now the dreaded question comes up. No, it's not marriage: It's the possibility of a joint bank account.

While 28 percent of millennial couples keep their finances separate according to a survey by Bank of America, you should educate yourself on the benefits and drawbacks of opening up a joint account with your partner. Check out our video to get the lowdown and decide what's right for you.

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