Joint account

A bank account owned by two or more people, each of whom can typically deposit, withdraw, and transact independently and in full, regardless of who contributed the money. Because every owner has complete access, each is also exposed to the others' activity — and a creditor of one owner may be able to reach the shared funds. Many joint accounts are held with right of survivorship, meaning the balance passes automatically to the surviving owner(s) outside of probate when one owner dies. This differs from adding an authorized user or signer, who can transact but does not own the account.