Question on joint bank account before married...

butterfly20 Posted: Oct 25, 2003 01:13 PM

Question on joint bank account before married...

who pays the tax on the interest credited?

MrsTC Posted: Oct 25, 2003 01:20 PM

Re: Question on joint bank account before married...

good question - is one person on the account the primary contact?

Wendy Posted: Oct 25, 2003 01:23 PM

Re: Question on joint bank account before married...

The primary account holder. Even on a joint account one person is considered the primary. That is usually the fist person listed on the account. The interest statement from the bank will come with that persons name and social security number on it.

butterfly20 Posted: Oct 25, 2003 01:46 PM

Re: Question on joint bank account before married...

thanks!

yabbobay Posted: Oct 25, 2003 02:32 PM

Re: Question on joint bank account before married...

i never realized that...

but on the advise from my mom...its always nicer if the woman's name is listed first...DH doesn't care...so he lets me be first