Alexandra Barring, Banking Moderator
@alexandra
Generally, yes, both parties need to be present to open a joint bank account. This is because the bank needs to verify the identities of both individuals and ensure that they are both in agreement on the terms of the joint account.
However, there may be exceptions depending on the bank's policies and the specific circumstances. Some banks may allow one party to open the account on behalf of both parties if certain conditions are met, such as providing a power of attorney or having the absent party's signature on file.
It's always best to contact the bank directly to inquire about their specific requirements for opening a joint account.
Did we answer your question?
Important Disclosures
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers. For full transparency, here is a list of our current advertisers.
Advertisers compensate WalletHub when you click on a link, or your application is approved, or your account is opened. Advertising impacts how and where offers appear on this site (including, for example, the order in which they appear and their prevalence). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.
Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any company, as our editors follow a strict editorial policy.