For deposit insurance purposes, the rule, under PDIC guidelines, is that in case of bank receivership the maximum deposit insurance coverage of P500,000 shall be divided equally between or among the co-owners of a joint account
, unless a different sharing is stipulated in the deposit documents.
Creditors can come after joint accounts
and property if a spouse has unpaid debts or gets sued, says Carl Soranno, a family law attorney in Roseland, New Jersey.
pay, the other liable overdraft You will be both jointly and individually responsible for any debt on the joint account
, which means if one person refuses to pay, the other will be liable for the whole overdrawn balance, not just half of it as many people assume.
The rape victim revealed her horror at being told to bring her abuser to the bank to cancel their joint account
From next year she'll be able to get it from joint accounts
uk and M&S Bank, found many people who do have a joint account
with a provider admit they didn't read the small print when they signed up to it - and there's also confusion about who's liable for debts when couples split up.
uk and M&S Bank, found many of those with a joint account
admit they didn't read the small print when they signed up to it - and there's also confusion about who's liable for debts when couples split up.
Banks are being urged to spell out joint account
terms more clearly as a survey found widespread confusion among consumers as to how these accounts work.
The final guidelines broadly outline considerations for evaluating joint account
In March, a 2015 Chrysler Town & Country van was purchased from a Eugene dealership for Taylor for $20,522, paid for with a cashier's check from the joint account
, according to documents.
In this scenario, all fees are deducted from the joint account
1 million from the joint account
he created with Mrs.