A joint account refers to a fixed or current account opened by 2-5 individual customers. The owners of a joint account shall jointly manage the funds in accordance with the agreed withdrawal method and the cumulative limit of authorized withdrawal. To meet the needs of many people to manage operating funds and family property.

Extended data:

In order to show the consent of the joint account holder, the joint account must show all the identity documents of the joint account holder when opening an account, and all the holders must sign and seal them.

So far, only China Bank, China Industrial and Commercial Bank, China Construction Bank, Bohai Bank and Industrial Bank are gradually promoting joint accounts in China.

References:

Industrial and Commercial Bank of China-Joint Account