Joint bank account or not?
Oct 1st 2018, 6:27 pm
#1
Forum Regular
Thread Starter
Joined: Feb 2016
Posts: 118
Joint bank account or not?
If I am trying to build up my credit rating in the US as the permanent resident - is it better for me to open an account alone or have it as a joint account with my wife ( US citizen)?
Oct 1st 2018, 6:42 pm
#2
i hate cabbage
Joined: Mar 2015
Location: Fort Worth, TX
Posts: 438
Re: Joint bank account or not?
Makes no odds with joint bank account.
Get on her credit cards as an authorized user though, that'll bump your score quickly as long as it's a decent limit with low utilization.
Get on her credit cards as an authorized user though, that'll bump your score quickly as long as it's a decent limit with low utilization.
Oct 1st 2018, 7:08 pm
#3
BE Forum Addict
Joined: Mar 2015
Location: NC, USA (ex Yorkshire)
Posts: 4,375
Re: Joint bank account or not?
No difference when it comes to credit.
Oct 1st 2018, 11:16 pm
#5
Concierge
Joined: Apr 2001
Posts: 46,388
Re: Joint bank account or not?
We had joint checking and individual savings. Added him to one of my cards and within six months his rating was in the 700s. Got car loan on his own after that.
Oct 2nd 2018, 10:01 pm
#6
Just Joined
Joined: Jan 2017
Location: Boston
Posts: 21
Re: Joint bank account or not?
Would definitely agree the advice on getting on spouse’s credit card. I did that and the Amex global transfer. Didn’t open a joint account. Arrived late April and have just checked and my score is in the high 700s.
Oct 3rd 2018, 9:29 pm
#7
Lost in BE Cyberspace
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
Re: Joint bank account or not?
Makes no difference unless it's a US Bank account with overdraft protection. Most checking accounts do not have a loan aspect associated with them, but the odd one does.
