In an economic context such as the current one increasingly “dominated” by electronic payments, the concept of Bank account it has undergone more than a few changes to adapt to the times: obtaining one is much simpler than in the past, as the “technical” phase of managing an account has also improved. In this sense, the joint current account represents a reality that is not so “recent” but which, if not properly used, can actually develop serious problems. Let’s see what kind.
What is it about?
It is basically the sharing of a specific account between 2 or more subjects, who share the various credit operations, withdrawal, debit of the account in any form. Our country has allowed for a long time to obtain a joint account, it is possible to create it “from scratch” or convert a traditional account in this form.
In our country, two forms of joint account are allowed, one with joint signature or with separate signature. The latter is the most “free”, since it provides complete freedom on the part of the joint holders, who can carry out any form of operation without “consulting” the other joint holders. The joint form, on the other hand, is the most stringent one, as it requires a consent signature from all the holders to carry out the operations.
Joint current account, here’s what you risk: “attention”
The cassation recently ruled on actual problems of taxation and declaration of money on a joint account. If there are two joint holders, the money is considered jointly owned by all joint holders, in equal parts, so if one of the joint holders does not pay taxes or carries out any “unorthodox” operation, the counterparty is also responsible, even if it may not be aware of the irregularities. It is also very difficult to prove one’s estrangement in this sense.
The same applies even if one of the co-holders decides to make withdrawals in excessive quantities, thus exceeding the limit which we have already discussed.
–
