ROC joint bank account question!

[horizon1245 3]

Hi everyone,

 

My wife and I currently have a joint bank account and she gets all of her income deposited to the account and we handle everything with this account. Bills, groceries, payments, etc.

I don’t have a job yet but am planning on getting one soon. To facilitate managing money between us, I was thinking about opening a bank account with another bank of which my wife would be the joint owner.

 

Would having another bank account and having my income deposited there cause a problem when filing a removal of conditions so should we just stick to the account we already have?

Or will we be okay as long as we’re joint owners of both accounts?

 

Thank you very much in advance!

Edited March 30, 2020 by horizon1245

[Nitas_man 3,100]

Our experience:  they don’t seem to care how many joint accounts you have

[horizon1245 3]

Just now, Nitas_man said:

Our experience:  they don’t seem to care how many joint accounts you have

Thank you for sharing your experience! Did you guys have your incomes deposited to one account or multiple?

[Nitas_man 3,100]

Just now, horizon1245 said:

Thank you for sharing your experience! Did you guys have your incomes deposited to one account or multiple?

At one time we had 5 checking account including one each for each kiddo that we both were on OH and she has always had her own personal account lol. 
Direct deposit?  Was shotgunned into all 5.

 

You’re overthinking this.  What you want to do is very common.  
 

They just want to see both names on bank accounts, credit cards, leases or deeds, loans, phone plans, auto insurance, health insurance, matching address on drivers licenses, beneficiary forms, and if possible utilities.  Then don’t care what goes where, they just care that its all tangled up together lol.

[horizon1245 3]

4 minutes ago, Nitas_man said:

At one time we had 5 checking account including one each for each kiddo that we both were on OH and she has always had her own personal account lol. 
Direct deposit?  Was shotgunned into all 5.

 

You’re overthinking this.  What you want to do is very common.  
 

They just want to see both names on bank accounts, credit cards, leases or deeds, loans, phone plans, auto insurance, health insurance, matching address on drivers licenses, beneficiary forms, and if possible utilities.  Then don’t care what goes where, they just care that its all tangled up together lol.

Thank you so much for your detailed answer. I’ve been hesitant to open another account for the past couple weeks over this.. This finally gives me peace of mind! 

[Nitas_man 3,100]

Just now, horizon1245 said:

Thank you so much for your detailed answer. I’ve been hesitant to open another account for the past couple weeks over this.. This finally gives me peace of mind! 

Yeah go for it.  For now do your best to make sure everything’s jointed but really we have never been questioned or had comments made about how we choose to allocate things.  Both names on everything (except for that super-secret personal account LOL)

[horizon1245 3]

1 minute ago, Nitas_man said:

Yeah go for it.  For now do your best to make sure everything’s jointed but really we have never been questioned or had comments made about how we choose to allocate things.  Both names on everything (except for that super-secret personal account LOL)

Yeah, we’ve been trying to get both our names on every documents we may have. Our bank account statements show only my wife’s name as the “primary owner” even though it’s jointly held by us. So I had to get the same statements with my name on it in a different format and submit the two stacks of statements in two different formats showing the exact same transactions with each one having each name on it for AOS. 
I’m assuming it won’t be an issue for ROC since we passed AOS?