joint account agreement

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Joint Account Agreement

An agreement between the holders of a joint account detailing how the account will operate. Specifically, the joint account agreement states whether the account holders will each be able to withdraw and deposit funds into the account, or whether all account holders must agree before this can be done. Joint account agreements are required for both bank accounts and brokerage accounts held in the names of two or more persons.

joint account agreement

A form that is required when opening a brokerage account or bank account in the names of two or more individuals.
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