Enable Accessibility
×
Close
Personal Online Banking
All personal banking clients, please enter your online credentials here:
e‑Treasury Business Banking
Log in
Safeguarding your online banking sessions is our top priority. For information about how you can help protect your online banking sessions, or if you need additional assistance with your e-Treasury log-in, please contact Client Support at [email protected] or 855.274.2800.

Download our e-Treasury Secure Browser

Business Online Banking
If you need assistance, please contact Client Services at [email protected] or 855.274.2800.
e‑Treasury
Log in
Safeguarding your online banking sessions is our top priority. For information about how you can help protect your online banking sessions, or if you need additional assistance with your e-Treasury log-in, please contact TM Service at [email protected] or 212.575.8020.


Download our e-Treasury Secure Browser

Download the Sterling e-Treasury Token Client


Business Online Banking
If you need assistance, please contact Client Services at [email protected] or 855.274.2800

For optimal viewing experience, please use a supported browser such as Chrome or Edge

Download Edge Download Chrome

Living happily ever after with your joint bank account

Published on May 14, 2020 | Webster Bank

Joint bank accounts are a great convenience for people that share expenses. You could open a joint account with anyone really, your spouse, parents, children, even business associates and roommates. With more hands in the cookie jar, you’ll want to make sure you know the rules, and establish some guidelines of how you will each handle the account. Here are three things you should know about how joint bank accounts work at Webster.

1. What’s mine is yours

Joint accounts are deposit accounts that are owned by two or more individuals with “Rights of Survivorship”. To open a joint account at a Webster banking center, both parties need to be present. We will set up one person as the primary account holder, and the other person as secondary, which gives you both equal rights and access to the account. You can also open an account  over the phone. Once your joint account is set up, you both will have the ability to deposit and withdraw funds from the account on your own.

2. Junior’s college cash – special rules for minors

A minor, age 16-17, can be a joint owner on a checking account only with an adult age 21+. The minor will have the same rights as the adult and is able to transact on the account without limitations. Minors can have an ATM or check card in their own name ONLY on joint accounts with an adult.

Related Article: Money management for teens

3. Til’ death do us part

If one of you happens to pass away, the other signor has the right to survivorship. What that means is that upon the death of one of the owners the funds belong to the surviving owner(s).  A certified copy of the Death Certificate, with seal, must be submitted to the bank to remove the deceased owner from the account. It also means you can continue to claim the funds on the account without going through the hassle of probate.

Communication is key – staying on top of your joint account

Not communicating about your purchases can cause you to over draft your account by accident. Hey – it happens, which is why we have a few different overdraft options to fit your needs. You can also sign up for free balance alerts, or use online and mobile banking to stay connected on the go.

Those are some of the basics of joint accounts. For more information, check out these resources:

Related Resources

Personal BankingArticles
Tips for planning a vacation
Daydreaming of islands and alohas, the wonder of wandering, or feeding your soul with flavors of your new favorite city? Travel is roaring back to life, and we’ve got you covered with tips for planning and cost saving ideas. Before you travel So much of what makes a trip a great trip depends on what […]
Personal BankingArticles
Understanding Overdrafts: Your Guide to Managing Your Finances Responsibly
Here are some helpful tips and information to educate you about how overdrafts work, how they can occur, and how to avoid them. What is an Overdraft? An overdraft occurs when you don’t have enough money in your account to cover a transaction, but the bank chooses to pay the transaction anyway. Why Does an […]
Personal BankingArticles
Five ways to make saving easy and automatic
When it comes to savings, studies show that once we start setting money aside, chances are we’ll leave it there. The hard part is getting started. So how can we get ourselves to save in the first place? Automate! By having money set aside automatically, we eliminate having to make the “choice” to save it. […]
Connect With Us
Learn more about Webster products, services and the communities we serve.
We’d love your feedback
×