From the Forum – Joint Bank Account for Security Deposit

Photo by PoPville flickr user Erin

Joint Bank Account for Security Deposit:

“I recently moved from a group house that was maintained by a management company to an one bedroom condo rented by the owner. The owner of my new place has opened a bank account for the security deposit and would like to add me to the account. She is being somewhat insistent about this, even though I have told I didn’t really feel the need for a joint account. I’m mostly against it because coordinating a time that works for both of us to go to the bank seems like a pain (I would likely have to take time off of work to do this). Also it seems a bit odd and I’ve never heard of this. Has anyone been on a joint account for their security deposit or have any ideas why being on a joint account would be a good or bad idea? ”

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