Is it better for partners to have a joint bank account in france?

THERE ARE RULES TO CONSIDER ABOUT WHO OWNS THE FUNDS AND WHAT HAPPENS IF THE COUPLE SEPARATES Couples in France can choose to have a joint bank account or keep separate ones, or both. We

look at the rules and which option could make more sense financially. A joint account may bring some advantages, including: * Shared bank charges * Easier joint financial contribution and

proof of income for a joint purchase such as property, building work, or household bills  * Easier accounting and expenditure tracking for joint spending However, some potential

disadvantages include: * Salary and spending habit differences could cause conflict * Funds are considered to belong to both holders equally, so if they separate, one person can claim half

of the assets, regardless of who put the money into the account originally * Both joint account holders must agree to the account’s closure, to close it for any reason If one of the holders

dies, the account becomes the sole account of the surviving spouse. Read also: Five French alternatives to leaving money in current accounts  Read also: What are the tax-free bank accounts

in France?  In addition to current accounts, it is also possible to open a joint savings account or a ‘livret d’épargne’ saving account (securities account) in joint names. However, in

France, regulated savings accounts can only be individual, in one person’s name. These include the compte épargne logement, plan épargne logement, livret épargne populaire, livret

développement durable, and the livret A. Read also: Livret A savings: Why are they so popular? How do I open an account?  Read also: The tax-free French savings account open to all with 3%

interest rate