Dating starts to get serious, common projects emerge, and the need to organize the budget and save money for two. One of the alternatives to structure the couple’s finances is to have a joint bank account. It can make sharing and paying shared expenses easier, especially for those who live together, but it involves several risks—as such, opening a trading account online comes into place.
A joint account belongs to more than one person. It can be current or savings and of two types: solitary or simple, also called non-solidarity. In the first case, all account owners are free to use it as they wish (withdrawals or contract financial products, for example). In the second, any transaction needs to be approved by all holders.
Choosing whether or not to share the bank account requires a lot of prior conversation. Couples need to talk about money; this is unanimous advice among financial planners. Knowing how much the other earns, spends and what goals they intend to achieve is essential for partners to grow and carry out plans together.
And suppose the option is for the joint account, first of all. In that case, it is necessary to decide if all the income of the couple will go to a single account, or if each one will have their own and a third just to manage the expenses that are divided and invest in the common plans – which is most recommended.
It is important that each one has its individuality but that the two join together to build things together. So, you should think of opening a trading account online.
Benefits of opening a joint trading account
Having a joint account provides some advantages. When the two have access to money that belongs to the couple, it becomes more practical to manage shared expenses, such as those of the house, in the case of those who live together.
With both resources in the same account, it is also easier to gather a higher amount to invest in carrying out a common plan – and many financial products require minimal contributions. Above all, couples must make financial plans together. And that after the initial dialogue on the subject, others happen periodically.
You must ask yourself: are you satisfied with your financial life? If not, why? What else do you want to achieve?. A third of marriages end in divorce. When there is a conversation, this rate tends to decrease because one knows what the other wants.
But, how to open a trading account online? Here is how:
Step 1: Create an account
To register an open trading account online, you must be over 18 years of age and legally resident in the country from which you register. You will only be asked questions relevant to your registration and regulatory purposes. You must have your identity and address, such as a full passport or national ID card.
Step 2: Verify your ID and address
You will need to send some documentation to verify your identity and address. You can scan the documents or use your smartphone to photograph the documents, then submit them through the secure portal.
- Proof of identity
You can use an identity document such as a passport or national ID card (front and back) to verify your identity.
- Scan or take a photo of your document.
Photocopies, black and white copies, and/or photocopies are not accepted. The document must be a scan or a photograph of the original document.
You may need to provide additional documents depending on your personal circumstances. Then you will be contacted via your preferred method of communication to let you know if you need to send additional documents for verification.
Step 3: Financing and negotiation
Log in to “Manage Funds” using your joint account details and click the “Deposit” button to deposit funds. You can fund your joint trading account through various methods, including debit and credit cards, bank transfers, and PayPal. There is no minimum deposit amount.
Summary
It’s very easy to open a joint trading account online. You just need to provide your credentials and go through simple steps. But, you should first come to terms before opening a joint account.
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