It can’t be that deep – an account opening form, passport photographs of all parties, valid means of identification for all parties, valid utility bill, reference forms, a biodata form that allows the bank to know more about you, resident permit if you’re a foreigner, and the list goes on – just to open a joint account? Phew, it surely can’t be that deep.
Thankfully, technology and innovation have made it possible to create, operate and access a joint account anytime, with anyone and anywhere, without these plenty requirements.
And there’s more.
Now, you can do joint banking with a peace of mind with a family member (not necessarily one you are romantically involved with aka your spouse), or with your friend, your colleague, your neighbour, etc. Basically, anyone who shares the same financial goal as you. We had an insightful discussion with a finance expert who understands the principle of joint banking, and he shared the following;
Vested is a financial platform that allows you combine finances with equal access, control, and transparency. Experts have recommended that 2023 is a good year to do finances with others. Do not go alone this year. Share those bills and financial goals today. Grow faster together.