Does a joint account endanger funds not in that account?
Your recent article implies that adding a friend to my checking account would attach her funds to my expenses. Does that involve just the funds in that account?
I would say this means if you overdraw you acct, if friend is also considered an owner on your acct, they can take the overdrawn amount out of her acct.
It all has to do with how the account is worded. How you set it up and what the bank rules are. Like said, this is a question for your bank.
Why do you feel ur friend needs to be on your acct?
Why would you add a friend to your account? There is no reason to do that. If you wish to have a friend write checks for you then ask for that help. Or make your friend your POA and add her name as a signee on your account. Or make her the POD (pay on death) which means the account is hers when you die.
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It all has to do with how the account is worded. How you set it up and what the bank rules are. Like said, this is a question for your bank.
Why do you feel ur friend needs to be on your acct?
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There is no reason to do that.
If you wish to have a friend write checks for you then ask for that help.
Or make your friend your POA and add her name as a signee on your account.
Or make her the POD (pay on death) which means the account is hers when you die.
Speak with your banker.