From 1 June 2018 to banking amendments to the legislation began to operate, allowing to open a joint account. What are its specifics, which banks offer such products, what are the advantages and disadvantages of the new format?
Since the summer of 2018, Russians have been able to open a joint bank account designed for “joint management” of funds.
On a note! Until 2017, the concept of a joint account was absent in Russian legislation, and the amendments made came into force on July 1, 2018.
In the process of searching for the best format for joint money management, legislators remembered the joint account, which is very common abroad. As a result, Russians gained access to a banking product that has the following features:
On the emergence of full-fledged family-wide accounts in the line banking products it's too early to speak. Alfa-Bank offers something as close as possible to the version of legislators. The rest, including Sberbank, make it possible to order the issuance of additional cards, for example, for a child linked to the account of one of the parents.
Important! An additional card can be issued by the account holder using the passport (certificate) of the person who is granted access to the funds. In most cases, a personal visit to a trusted person is not required.
Those wishing to open a joint account with Sberbank can use the service of issuing additional cards that are linked to the main account.
You can issue an additional card for most types of Sberbank "plastic", except for debit ones:
Important! The additional card does not have its own account. It is tied to the account of a person who controls the expenditure of funds, sets a limit, etc.
Consider the possibilities of Sberbank customers using the example of issuing a children's additional card:
The additional card is issued in the name of the child upon a separate application of the parent. When applying, you must provide an adult passport and a child's birth certificate. Production time - up to 2 weeks.
Alfa-Bank is perhaps the only one that offers not just the issuance of additional cards, like everyone else, but the opening of access to the main account to third parties. And it doesn't have to be relatives. Up to 4 people can use the shared account at the same time.
The algorithm for turning a personal account into a common one for Alfa-Bank customers (those who have an account and a card) is as follows:
In the Alfa-Bank format, the issue of additional cards is also offered, but finances can be managed jointly in mobile bank. Children's additional card, in addition to controlling funds and setting a limit, has additional advantages:
The benefits of a joint account are clear:
There is a nuance that arises if the account holder dies. Everyone to whom a person has provided access to the account, in the event of his death, is deprived of the opportunity to spend money. The main account and cards linked to it (both main and additional) are blocked.
Relatives will be able to receive money only after 6 months in the process of inheritance. The blocking of the account is carried out from the date when the death certificate is provided to the bank. Until then, you can withdraw money. But lawyers warn: litigation with other heirs and the forced recovery of the withdrawn amount are not ruled out if the judge agrees with the fact of illegal receipt of money.
Important! If the account is blocked on suspicion of fraud or for debts, then everyone who had access to it will be left without money.
AT foreign banks joint account (joint account) is not uncommon. AT different countries it has its own characteristics, but there is also something in common:
Thus, Bulgarian spouses have the opportunity to open a current or savings account in national currency, US dollars, euro, pounds or Swiss francs. You can transfer salaries, pensions and other incomes of both spouses and third parties, for example, children, to the current one.
Indian couples can open one account with four additional cards, giving the remaining two to children or parents. Free withdrawals are limited and the balance must be approximately 37 thousand rubles (40 thousand rupees). If less, an increased service fee will be charged.
On a note! In the UK, almost 50% of clients open pooled accounts. Usually these are either spouses who dream of saving up for housing, or students renting an apartment together.
According to the CEO of the financial aggregator Sravni.ru Sergey Leonidov, at the moment we are talking about the popularity of the joint bank account does not go. And not only because banks are in no hurry to offer something new, but also because Russians are very conservative in the field of finance, do not rush to new items, preferring to choose what is familiar and proven.
Traditional way Russian family assumes that there is a getter (the one who earns and manages money) and those who spend what they earn. The ability to open an additional card is already enough to comfortably manage funds from one account.
Not many people are ready to open a joint bank account, figure out how to open it and use it. In addition, at the current moment in practice there is no clear boundary between the two types of banking products - one account and additional cards linked to it and a family-wide account. Although experts are sure that this format is the future.
In order to use the new option, you need to download the Alfa Mobile mobile application to your smartphone and open a family account in it for free, to which you can connect up to four family members. For example, both spouses, their child, and their beloved mother-in-law can be registered on one account. Within one account, it is possible to issue for each family member additional card. Family account participants can be not only blood relatives and spouses, but also close people, including civil spouses. This can be useful in a variety of situations, the bank explains: for example, if customers save money for a joint celebration of the New Year or for a big gift for the wedding of someone close.
All expenses from the family account will be immediately displayed in mobile application- It does not matter which of the participants made the purchase. Everyone will be able to find out where the money goes from the family account. The client can set the data openness settings for each member of the family account at his own discretion. In addition, if the client has his own, personal accounts with Alfa-Bank, they will remain invisible to family members.
The bank has been providing insurance to the families of premium customers for a long time, and now it has taken an important step towards all families - a family account in a mobile application, Alfa emphasizes. All transfers between family members are completely free, no commission is charged. In the near future, the functionality of the family account will be expanded: for example, it is planned to introduce free transfers to another bank when you need to pay from the family account for Kindergarten, circles or courses.
For a family account, you can also set up auto payments that will help you pay regular expenses on time: utilities, electricity, loans, communication services, the Internet. This will clearly show the whole family, including children, how much of the total budget such expenses “eat up”. As part of a family account, clients can open not only debit, but also credit cards: analyze your family's expenses and decide what will be more convenient and profitable.
Money alone does not make us happy. But the opportunities that they give, and most importantly, the ability to properly manage them, allow you to feel independent and enjoy life. A family bank account is one such useful tool. Managing it is a valuable skill that gives confidence and helps build relationships with loved ones. How it works?
Divide all expenses equally, live only off the earnings of the husband (wife) or create a certain common fund, in which the husband and wife participate in proportion to their incomes ... Each family chooses a type that is convenient for itself financial relations. The main thing is that both partners should be satisfied with these relations and not one should feel disadvantaged. After all, if for every trip to a cafe and the purchase of tights you have to ask separately, this will infuriate anyone. Therefore, by the way, the famous French psychotherapist Jacques Salome considers this style to be ideal. monetary relations, in which, in addition to the total budget, each of the partners also has personal savings. For example, you can open a Family account in a mobile bank, and this will allow you to build such a scheme in the best possible way. Both cards, husband and wife, can be linked to it at once, so that everyone will transfer money there from personal accounts. It is easier to pay all family expenses from this account: communal payments, repairs, fitness, theater tickets - anything. By opening a family account, partners acknowledge that they unconditionally trust each other. At the same time, this is an excellent opportunity to calmly and diplomatically discuss financial habits each other and make a plan that reflects the dreams and wishes of each.
Pocket money is not a salary and not a way to encourage or punish. This is a tool with which a child learns to manage his finances: plan his expenses, save money, save up for an expensive purchase, make choices and be responsible for the consequences. Personal finance expert Mary Hunt recommends starting to give pocket money - a very small, symbolic amount - from the age of seven and gradually, year by year, increase it. And the age of ten is the best time to bring the child to the bank and open a personal account with him or start debit card by linking it to a joint account. General account is a great tool financial education. Don't worry that your child will devastate him with a couple of unpredictable purchases, because you can always set a certain spending limit for him. He will use only the amount that you decide to allocate to him monthly. You can set different access levels so that small children do not receive SMS about their parents' purchases. And you, in turn, will see all their operations on the map.
A common score is also a reason to discuss family budget together with a teenager who (if you wish) can see on the phone how often and how much money is spent. Explain to your son (daughter) what you have to pay for and that you expect him to spend money wisely. The child will be calmer if he is clear about what your family can afford and what not.
Sooner or later the time comes when our parents become dependent on us. This can happen suddenly if one of them gets sick. Or happen gradually, when year after year parents lose energy and the ability to fully care for themselves. In both cases, we are forced to assume the role of a helper, both physically and financially. And this reversal of roles is sometimes difficult. Many elderly parents, while maintaining self-esteem, refuse to accept the help of children, and it is embarrassing for them to offer them money every time or leave banknotes secretly. By opening a family account, you will avoid such a delicate situation. By the way, not only parents, but also brothers or sisters can be connected to the account. And none of you will have to go to an ATM every month and manually transfer money. All adult children can contribute to the care of their parents in proportion to their income. Mobile money, of course, does not cancel calls and personal meetings, but it allows you to transfer the financial issue to the level of business relations. You will show respect for the personal boundaries of a loved one and at the same time take care of him. And your father or mother, being co-owners of a common account, will be able to feel their belonging to a large family and feel proud of their adult children.
Saving up a large sum of money for some important collective event, such as a high school graduation party or a reunion of classmates 20 years later, can be difficult.
Not everyone can find the right amount on the go, and some services require pre-order, partial payment ... A family account eliminates many problems: it saves time for all participants and makes any money movements transparent - all contributions, payments. You can go on business trips, live in different cities and at the same time always be in touch - transfer funds, view the history of operations and thus unobtrusively control the process. In a word, a common account not only allows you to manage fairly large-scale events, but also really unites friends - it brings them together at a distance and frees up time for real communication.
Many do not even realize how many fears and negative beliefs are associated with money and how much they interfere with building a career, developing relationships and living freely. Here are just a few of them: “I can’t afford it”, “To save, you need to save hard”, “It’s hard for me to part with money”, “Money ruins relationships”.
A psychotherapist will help you figure out what the underlying problems are hidden behind these beliefs, realize your fears and work through traumas. But everyone can rebuild their financial habits and learn how to properly manage money. A shared bank account is one such tool. Analyze your expenses together with your partner at the end of the month and discuss which of them were superfluous and how to avoid them in the future, and which projects, on the contrary, require big investment. Learn how to set up templates and auto payments so that money for an apartment, Internet or kindergarten is automatically debited. Start transferring money from your personal account to pocket money for a child or for gifts to loved ones - this is one way to learn how to be generous and enjoy life more.
All these various opportunities, which save time and make us closer to each other, are available to the clients of ALFA-BANK JSC today. This service is called “Family Account”, which can be opened in a mobile bank. Up to four users can be connected to the account at the same time. Don’t worry if you don’t understand yet how to set up different access levels or set spending limits on the card - you can find out about this on the page Alfa mobile or Alfa bank.
A "Family" account is opened as part of the "Maximum+", "Comfort", "Optimum", "Corporate" service package of Alfa-Bank free of charge. To access the account, the client needs to install the Alfa-Bank mobile application. Additional cards for a third party are opened free of charge as part of service packages. The number of cards depends on the selected service package. JSC Alfa-Bank. General license of the Central Bank of the Russian Federation No. 1326 dated January 16, 2015
Alfa-Bank offers its customers to open a family account in a mobile application and manage common money together with their loved ones. This was reported in the press service of the credit institution.
“We are pleased to offer our clients the opportunity to maintain a joint account for spouses, which will become a kind of alternative to the family “box”, which exists in many families in the form of an envelope with cash. This is a good and convenient tool, it will help you plan your expenses,” comments the Product Director retail business Alfa-Bank Elena Bocharova.
In order to use the new option, you need to download the Alfa Mobile mobile application to your smartphone and open a family account in it for free, to which you can connect up to four family members. For example, both spouses, their child, and their beloved mother-in-law can be registered on one account. Within one account, it is possible to issue an additional card for each family member. Family account participants can be not only blood relatives and spouses, but also close people, including common-law spouses. This can be useful in a variety of situations, the bank explains: for example, if customers save money for a joint celebration of the New Year or for a big gift for the wedding of someone close.
All expenses from the family account will be immediately displayed in the mobile application - no matter which member made the purchase. Everyone will be able to find out where the money goes from the family account. The client can set the data openness settings for each member of the family account at his own discretion. In addition, if the client has his own, personal accounts with Alfa-Bank, they will remain invisible to family members.
The bank has been providing insurance to the families of premium customers for a long time, and now it has taken an important step towards all families - a family account in a mobile application, Alfa emphasizes. All transfers between family members are completely free, no commission is charged. In the near future, the functionality of the family account will be expanded: for example, it is planned to introduce free transfers to another bank when you need to pay from the family account for kindergarten, circles or courses.
For a family account, you can also set up auto payments that will help you pay regular expenses on time: utilities, electricity, loans, communication services, the Internet. This will clearly show the whole family, including children, how much of the total budget such expenses “eat up”. As part of a family account, customers can open not only debit cards, but also credit cards in order to analyze their family's expenses and decide what is more convenient and profitable.
