According to a Journal of Consumer Research study led by Jenny Olson of Indiana University, 52-65% of heterosexual couples in Western countries only use joint bank accounts.Dr. Olson, along with ...

With a joint account, you get an extra layer of deposit insurance against bank failure. The Federal Deposit Insurance Corp. ( FDIC ) insures joint accounts for up to $500,000, compared with ...

Many married couples choose to open a joint bank account to manage shared expenses like housing, utilities and groceries. This approach can simplify budgeting and foster a sense of unity.