When do you think, in a relationship, its okay to have a bank account together?
Do you think its too soon if not married?
I agree with, NEVER! It's like getting into a possible divorce situation.
Stop right there!!! Now let me put my therapist hat on. You're probably aware that money is the biggest source of friction between couples. With that said, why would you want to open up a joint bank account? What purpose would it serve?
It's okay at any time when both people agree it will be benefitial to them. You might want to consider setting up the joint account so that you can't access the funds without both of the account holders signatures though.
Even for unmarried couples, having a Direct Debit set up from each of their personal bank accounts to make deposits into a Join Account can benefit them if they are saving together - for example if they're saving for a joint holiday, saving for a home or using the Joint Account to pay a joint Mortgage (each paying equal deposits into the joint account regularly).
I personally would be very careful about having a joint account before being married. With marriage come certain rights and responsibilities. Before that, you are on your own. I would definitely check with an attorney what my responsibiltiies would be. Imagine, if your joint account is used for some illegal activity, even if you did not know, you are responsible.
In order to find the right answer for you, ask yourself why you want a joint account? Does it fulfill a need that could be fulfilled otherwise? If you just wanted to facilitate bill paying, then maybe you could set up a separate account just for that purpose.
Maybe..... MAYBE when you are married and bills as well as finances aren't an issues. If children are involved, then joined bank accounts are mandatory....well at least that's what I think....ciao
Without the law on your side, its kinda hard to say go for it. After your married, everything is half yours/theirs anyway, so then yes. Until then, maybe a joint account just for bills, but keep your "you" money in your own name. (personal experience speaking here)
Only when you are sure that it is forever. There is usually someone that is not happy with the situation of a breakup and will take actions out of anger. One of the parties could then lose their part or all of their money.
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It is just because of social issues that it is not done or is it really a cause for genetic deformities?
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