Help selecting a bank - with good permissions management online
January 26, 2014 5:05 PM Subscribe
Need help selecting a bank for my partner and me to use for a shared household checking account. Snowflake details inside (primarily about mixing joint and individual accounts with meaningfully separate online banking logins for separate individuals tied to the accounts).
If you have or know of a bank that offers accounts like these I'd love to know about it. Google's hard to make headway with searching without a lead and mostly banks I've personally encountered so far provide only one online banking login between different joint owners.
posted by kalessin to Work & Money (20 answers total) 1 user marked this as a favorite
My desire is to have at minimum:
- one shared, joint checking account to be used for household expenses
- for personal checking (not business)
- with no monthly fees or fees for transfers into it from outside institutions
- with included online-banking and bill pay
- with one debit card attached to the account from each joint owner (or authorized user, though I think I remember this is not legal/allowed for accounts that attach to real value - as opposed to credit)
- carrying an interest is not required
Here are the parts I need your help to find (and are part of the minimum):
- If one or both of us wants to open more individual (not joint) checking or savings accounts at the same institution, we want to be able to get personal online banking logins that are limited to "our" accounts.
- If not this, then something like profiles for individual joint users in online banking a la what it's like logging into Netflix these days (a shared login but different profiles).
- Carrying interest or tied to a spending reward program (for restaurants or groceries, primarily)
- Online banking 2-factor security, alerts and other threshold-trigger services
- Other neat features I've not mentioned and you find helpful
For calibration, I'm extremely techno-experienced and reasonably crypto-experienced, my partner isn't, but is pragmatically interested. I've worked in Finance before as IT, so in general I know my options and most of the rules and I remain puzzled that what I desire here doesn't seem to be widely available - I know enough geeks who work in Finance that it seems like it'd be obvious. Is this some financial regulation or law that I'm not familiar with that's keeping geeks from implementing this kind of thing? Or am I just trying to business with the wrong bankers? :)