Would you share a bank account with your partner?

Question

Lliam · Accepted Answer

Not unless we were married. If married, though, then yes. We both contribute to the account and can see the banking activity, so why not? It's a mutual account from which we pay household expenses that benefit us both as a team.

The only exception is, if one or both of you are self employed. In that case, it's best to have separate business accounts to pay for business related overhead, etc.

My bank account became our joint account. I manage it and use it to pay bills and expenses. We invest our excess income and don't keep a lot of money in a savings account because it pays little interest and also because banks suck.

My wife is self employed and has a separate account for her business. She manages that account and contributes money to our joint account every month. It would be complicated for me to manage our joint account if all of her business activity was being conducted from it.

The only other thing I'll say is, a husband and wife have to know that they can trust each other. They're in it together for mutual, not individual, benefit.

bolverk · Accepted Answer

The only account that I would share with a partner is one for the up keep of the home, each putting a set amount a month to cover utilities (Electricity, water, cooking/heating gas etc) and an emergency fund for repairs or to replace items like TV fridge cooker etc.

LovingLoverReturned · Accepted Answer

No. Just no.
1) just like how a good person can be influenced to do bad. Man's heart is inclined to do bad given the right circumstances.
Too much Power corrupts, this is why the government has those branches and vice president.
It can leave room for abuse because a healthy relationship involves a measure of independence. Sharing accounts doesn't necessarily mean Codependency, but it can inspire this.

2) Don't keep all eggs in one basket. If something goes wrong with his money and yours, then, no'one can help the other.

EmmaMary · Accepted Answer

Whilst we do have a joint bank account which takes care of all our household expenses, we still retain our own individual accounts for personal items.

OlderAndWiser · Answer

I would. If I can't trust her with money, then I shouldn't be with her.

Apple1996 · Answer

Have shared a account with my husband since we got married. Before that he just let me use his card when I went out so basically was sharing back then too

Anonymous · Answer

Never again. When she decided to end things she called the police on me and instigated a domestic abuse incident over nothing. Cops showed up and arrested me, because it was a Friday I spent the weekend in the County lock up. When I got out she had emptied our joint accounts, emptied my account, sold my car, sold my stuff, changed the locks on our house and had a restraining order against me. Previously to that she had spent $8000 on my credit card and was hiding the statements. She withdrew the charges when she realised I had to have a clean record to work, no work meant no alimony. Bitch.

Kaamraj · Answer

No, my bank account (money) is my power in society and my leverage in the relationship. If I am married, I will maintain a joint and separate bank account and NEVER mix both. That is what smart men do to protect their financial resources. A woman has the legal advantage should things go poorly, in that case your money is your only life raft in this world.

nice-girl · Answer

I would as shared goals can help a couple stay together. But with one condition: if he doesn’t financially help his family without consulting me first. I have faced this problem in the past so I have to be aware of this. Other than this he can do whatever he decides with our shared money as I trust him.
I have faced the problem of financially helping irresponsible family members both with my father and my fiance. But I feel this as sabotaging me as I work hard and save.

horatiohornblower · Answer

I'd share one with a spouse. Unless they had bad credit. Partner implies other levels of commitment not as high as marriage as people call someone they are just dating or living with partners.

As for the bad credit. I'd want a clear distinction of assets. In case they need to file for bankruptcy. As I'd want to establish a clear distinction of assets. To make it hard to impossible to attach my assets to the bad debt.

VanillaSalt · Answer

if I ever dated again… no marriage until me and her and both mine and her lawyers signed the prenuptial. Until then no cohabitation not even a toothbrush at my home. No combined finances ever until the day I die then I’ll leave what I got to her… it’s not that women cannot be trusted on the contrary if you marry w it gout trusting your a fool… but if you trust she won’t and don’t act as though she COULD then your a bigger fool.

DeeDeeDeVour · Answer

Aside from having my own business & personal accounts, I have joint business & personal accounts with my husband. The joint business accounts are essential for running the businesses we co-own. The joint personal accounts are essential for running our household.

TheBootyChest · Answer

I wouldn't have a problem with this at all.

But I would even go as far as having my own account, so I can buy things for presents for her so she doesn't get wind of it before the day. Or my own personal hobbies, that way it doesn't take away from other finances that are important.

And I would also have a joint account for food, gas, bills.

slatyb · Answer

Mostly we share a credit card for household expenses. We also have our own money. She’s retired, I’m not. I work from home, she takes care of almost everything else. She gets a monthly deposit and can do whatever she likes with it. It’s ridiculous for adults to be asking for approval for every expense. There is his, hers, and ours.

Moose304 · Answer

Male or Female does not matter to me. This is NOT a battle of the sexes thing to me. Allowing another person have total access to your money and other securities is a ticking timebomb. I can list 20 to 30 situations where a spouse left after cleaning out a bank account. Then wasted it all. This is not considered theft by most Judges. I think EVERYBODY should listen to these words. "a fool and his money are soon parted"!

libsaretards · Answer

Only once we are married. Even then only after we had a very thorough conversation about what the joint account would be used for. Also, even with a joint account I would still hold a separate account for myself. The joint account would be for the expenses that should be joint, such as utilities, rent/mortgage, child care, etc.

Fireguy17 · Answer

My wife and I have a joint account for all of the house hold expenses.
We have a big disparity in our incomes, net worth, and I do not agree with her spending habits.
This way she can do whatever she wants to do with her money, and so can I.
So we do not have any arguments about money.
It is both our 2nd marriages, and we have a prenup.

SurströmmingLover · Answer

If we would be married, yes. Otherwise, no way!
Maybe a better option would be to have a common account with a specified amount of money, in which money from both would be added and we would use that money to buy stuff for the house or to make trips etc

magiusX26 · Answer

that would depend where we were as a couple. living together for a long time and not constantly fighting, sure. just started dating or even living together awhile but are constantly fighting, nope. even with a yes from me its only a kind of partial thing where we both put into one and still have separate accounts or whim ever is not putting money into it has only limited access to a joint account.

TallAnon · Answer

I think I would honestly suggest 3 bank accounts, where each deposits a set amount to the shared account each month, while both still have their own freedom. Then pay mutual bills like rent and food from that.

I see it with my dad, lol, he has to account for everything he spends from the account, while my mother spends way more. My dad would always hide some cash for himself, couple of 100. Can't be healthy 😂

godfatherfan · Answer

After I got married, we had a joint checking account. It wasn't until about a year or two before the end of our marriage (20 years) that we separated them. Guess she didn't want me knowing she was cheating on me.

Uptowngirl88 · Answer

Never throw all your eggs in one basket. There should be both a joint and a separate account (individual account).

Yvng_Con · Answer

It's a no for me.
Having separate bank accounts comes with a certain level of individual freedom. So when partners merge their money into a joint bank account, it can create frustration, resentment, and maybe even some financial problems. In these instances, having separate bank accounts might ease some of the tension.
For joint accounts to work well, you need a basic level of trust, shared goals, and desire for transparency which sometimes it hard to come by.

ShadezMcgee · Answer

If we were married, I would open a joint one, however I would also have my own separate accounts where my money would also go in case shit goes tits up.

BipBipLeddus · Answer

I do. It's how I budget the household expenses. It also keeps the money in one place, so that in the event of a financial emergency we don't have to spend time moving money around.

Heartache0405 · Answer

Hell no. My money is mine. If I ever have a partner I'd hope they'd want their own as well. I want nothing to do with their money and they shouldn't want to have anything to do with mine.

OmegaSTC · Answer

I do! It works great, but in order to keep a feeling of personal control and independence we each take 15 bucks a week for spending money, no questions ask. Asking permission to buy things can be degrading to both. So just save up those 15 boyee

riidges · Answer

Yes but I think it's important to have a shared account and separate accounts. These separate accounts would not be hidden.

SphynxUK · Answer

Depends how serious I am about them, or how long we’ve been together. Even then, it’ll only be a joint one we pay the same amount into.

DonkeyDan · Answer

Me and my ex-wife had a joint bank account, although we still had our own sole accounts. The joint account was just for mortgage and bills etc.

Adam1978 · Answer

Sure but not my salary account or savings account It's need to be a smaller account for grocery shopping.

Aerissa_Jade · Answer

I would, even though I'm likely to be the one making more than him. Otherwise your not in a relationship your roommates that occasionally have sex.

AviatorTom · Answer

We have a joint savings account for some of our joint expenses. We each have our own separate checking and savings accounts.

Razp_Sorbet · Answer

It sure would make things easier rather than the annoying "I need rent" "I need x for power" "I need x for internet"

mstbooblover · Answer

My wife and I had a common account indeed, which has never been a problem. It's precious being able to trust someone like that.

beebella · Answer

If we're married and one of us isn't working, then yeah. Aside from that, I don't see why we can't just have separate accounts.

GlassTop · Answer

I did once. Turned out she was terrible with money and always bought stuff even if she was broke. So it didn’t last long. If you don’t share the same financial goals, don’t share a bank account.

VikingWarLord · Answer

AWW HELL NAWWW  I don't even let my partners live in the same house. The MOVING IN part ruins everything, let alone sharing a gawdam bank account

FinalFantasyBro · Answer

I would have to really think hard on it but I mostly prefer if me and my future girl have our own bank accounts so neither of us ruined something for the other person. 😂

OddBeMe · Answer

When you live with someone it is easier for sharing bills and alike. Obviously it’s a trust thing. You need to know the person.

But it’s quite easy to open an account together and then still have your own.

fonduegirl · Answer

That can get messy considering I'm something of a miser and if he's a spendthrift, I'd stab him with a steak knife lol

Raphaëlle · Answer

Depends on how long you've been together of course. I think it would be best to have your own accounts and a shared one.

Flower7 · Answer

No, I wouldn’t feel comfortable with that. And it seems like it could start a lot of arguments.

YollyM · Answer

Yes you should have a joint account for things you buy; utilise or invest in as a couple but also have a personal account on the side.

Blackcupcake · Answer

sure, I wouldn’t mind but then we’ll have to be living together and everything otherwise it doesn’t really make sense

KrisPW · Answer

Yes, for joint expenses. But I also think each needs their own spending money.

HOAAH · Answer

We do. We are married though. Been married 11 years.

Dinklex3 · Answer

Nope. Not unless we were both saving for a specific event or property with both our money.

Nikki1989 · Answer

We already do, but we also have our own personal accounts.

SG8596 · Answer

Yes one joint account to take care of our necessities. Outside of that, Separate accounts

SkipPerk · Answer

I did with my ex-wife and had no problems, but we never had money issues

TonyMetal___86 · Answer

I won't share my bank account with my future wife for a simple reason, it's because she's going to be a HOUSEWIFE which means that my account is her's too since we are one and a family 😌

michael1469 · Answer

I would rather not. I will however insist personal bills are your own. But joint bills split based on income. One makes 60% of household income, the person pays 60% of those bills. That way its a win win.

Mediterraneansoul · Answer

Your partner has a life cycle period. Once shit is no longer fun and they leave, your sensitive information will be used against you. And in that case you'll get bad credit for being a trusting idiot lol

DailyConfusion · Answer

Absolutely not  Because money can end a lot of relationship and can start a lot of fights

Nazorella · Answer

Nope, i would never do that. Everyone needs some privacy i guess.

HighValue · Answer

No. There is no legitimate reason why I should share a bank account with them.

sheikalana · Answer

Of course. I have a great relationship with my partner. What is mine it's his.

Drumlin2001 · Answer

Yeah, for household stuff. I'd have my own account though

Kabluie · Answer

It's better if you don't. You can just have shared credit cards and share expenses that way.

GoodGuyBreakingBad · Answer

If we were married ( Husband and Wife ) but there got to be trust between both of us

JoyGirl · Answer

Him and I have not discussed that yet. Frankly, I have not even thought about it, either. 😂

Juxtapose · Answer

That's a good way to get a woman to spend all of your money lol. Every single cent I make is MINE!

Ray123456 · Answer

Hell no I learned that lesson from my parents. Shared bank account only bring problems especially if one or both partners are dishonest. DON'T DO IT!!

Would you share a bank account with your partner?

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