Are You Ready For A Joint Bank Account?

After getting married, one of the first things Zola couples do is open joint bank accounts and credit cards. Doing so makes it easy to pay shared expenses, deposit cash received for your wedding, and lay the foundation for your financial future together as a couple. But for some, merging finances comes with a lot of questions (and maybe a little anxiety): should you combine all of your accounts, or leave some separate? How does one person’s student loan debt or bad credit affect the other? Before you begin stressing, remember that this is a good step in your relationship—it’s important that you and your new spouse become comfortable discussing money matters honestly with each other. To learn how to save money together for the future, read these expert tips on merging finances with your spending-partner-for-life.

After getting married, one of the first things Zola couples do is open joint bank accounts and credit cards. Doing so makes it easy to pay shared expenses, deposit cash received for your wedding, and lay the foundation for your financial future together as a couple. But for some, merging finances comes with a lot of questions (and maybe a little anxiety): should you combine all of your accounts, or leave some separate? How does one person’s student loan debt or bad credit affect the other? Before you begin stressing, remember that this is a good step in your relationship—it’s important that you and your new spouse become comfortable discussing money matters honestly with each other. To learn how to save money together for the future, read these expert tips on merging finances with your spending-partner-for-life.


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Whether you’re engaged, married, or in a long-term partnership, this question is bound to come up. Have you two considered a joint bank account?

There is truly no right time to open a joint bank account. For some couples, it might be right when they move in together. For others, it could be when they get married, or five years after marriage when they decide to start a family. And of course, some couples decide to never open a joint account, and that’s okay, too.

So is a joint account the right choice? Well, if you’re living together, a joint bank account could simplify things. Let’s be real: paying rent from two different bank accounts just feels counterproductive after a while. And if you are engaged or recently married, merging finances is at least worth discussing, even if you decide it isn’t for you.

Instead of trying to avoid the subject of finances, face it head on! Yes, planning to merge your lives is already a big step, and thinking about the financial implications can make your head spin. But deciding whether joint finances is right for your relationship is an important step, and it doesn’t have to be overwhelming. Don’t forget, there are plenty of options: You could merge your accounts over time, as opposed to immediately. Or you could consider opening a joint account while still maintaining separate accounts.

Ready to talk this out with your partner? SoFi can help you figure out whether now is the time to open a joint account—and how to set one up here.


This is not an offer, or solicitation of any offer to buy or sell any security, investment or other product. SoFi can’t guarantee future financial performance, and past performance is no guarantee. Zola and its representatives are not affiliated with Social Finance (SoFi). Active brokerage products and services offered through SoFi Securities LLC, member FINRA/SIPC, Automated and advisory services offered through SoFi Wealth LLC, a registered investment advisor. For additional disclosures related to the SoFi Invest platforms described above, please visit www.sofi.com/legal. Zola and its representatives are not affiliated with Social Finance (SoFi).

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