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Open an Account

Open an Account

Types of Joint Accounts

Joint Tenants with Right of Survivorship

The account is opened in the name of two or more persons who have reached the age of 18. Each has an undivided interest in the entire account's assets and assumes responsibility for the entire account's activity. Upon the death of 1 or more account holders, the surviving account holder(s) assumes full ownership of the account's assets in a new account.

Tenants in Common

The account is opened in the name of two or more persons who have reached the age of majority. Each has a divisible interest (not necessarily equal) in the account's assets but assumes responsibility for the entire account's activity. Upon the death of 1 or more account holders, an estate account is opened for each decedent, and a new account is opened for the surviving account holders.

Community Property

Opened in the names of 2 legally married people, age 18 or over, who are residents of Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Wisconsin, or Washington.