Having a joint bank account can be useful if you have shared bills and responsibilities with someone else. It will be easier to pay for rent, bills and more if you can both put the money into a shared account each month and set up direct debits. This way, you know the money will be paid on time and you can make sure you equally share the responsibilities.

Once you know how a joint account works make sure you have a conversation with your partner to ask all the necessary questions. This way the account will be easy to manage, you will both be on the same page and it won't cause any financial strain.

There are some things you should take into account before setting up a joint account.