Digital joint account: your available options!

Digital joint accounts are a product that has been increasingly requested by customers.

That's because, whether it's to organize finances, share costs, or make your routine easier, it helps a lot.

But, although it has its positive side, sharing your financial life with someone is something that deserves a lot of attention.

And, one of the main points is to choose a reliable company that offers good service.

For this reason, today's material was developed to explain everything about this type of account.

Additionally, we will also introduce you to some options available on the market.

So, if you want to know more about the subject, just check out the content below! 

Traditional joint account

Before we talk about the digital joint account, it's important to understand how this type of account works.

A joint account is a very old service in the financial market.

This is because it has long been used by families and couples who want to combine their financial responsibilities.

Furthermore, even for business management or plan sharing, having a shared account is essential.

The reason for its use has always been the search for practicality and transparency.

After all, if two people share the same income, it can be easier to keep all the money and control in one place.

However, although it offers a good level of practicality, this account model also requires some care.

This is because, if it is already difficult to maintain security with just one holder, with two it can become more complex.

Two cards, two passwords, simultaneous consumption in different locations, and so many other points are enough to cause some inconsistency.

Therefore, this account model has always been more reserved, so that only traditional banks tend to offer it.

But, to explain briefly, a joint account is nothing more than an account model in which there are two holders.

This means that two people control the account, and it is necessary to provide access, support, cards, passwords and products for both parties.

What is a digital joint account? 

After we've briefly explained the joint account, it's easier to move on to our main topic.

As we have seen, a joint account is a model that requires a little more care, since there are more people involved. 

Therefore, for a long time it was offered only by traditional banks.

This means that to open these types of accounts, account holders needed to go to a bank branch with their documents.

This way, the opening process ended up being more bureaucratic.

The joint digital account is designed precisely to avoid this process.

This is because, as we already know, digital accounts have the advantage of operating online.

This means everything from the opening process to requests and problem resolutions can be done online.

When it comes to joint accounts, this is a relatively new service in this market, which few companies offer.

However, the proposal remains the same as what is seen in the traditional model: the possibility of the account being used by more than one holder.

The difference is that it is much simpler, as it can be opened online and has the benefits of digital accounts.

These benefits vary and depend on the company, but in general, rates tend to be more affordable and services less bureaucratic.

The main options on the market

As we've seen, a digital joint account can be a very interesting service.

However, we cannot fail to consider that managing an account with two holders can be more complex.

Therefore, we still don't have any traditional banks that offer this service online.

Furthermore, even the most important digital banks still do not have this product in their offerings.

Therefore, anyone who wants to share their account needs to look for alternative companies.

Below we will introduce you to two companies that offer this service, showing the characteristics and benefits of each.

Bowl 

Cumbuca is a company specializing in joint digital accounts, or, as they call them, shared accounts.

The proposal is precisely that customers can share the use of a single account.

Cumbuca created a model where it is possible to have a group account, which involves couples, families, friends, and even business associates.

Creating an account is very simple, just one of the members creates the account, and then invites the other participants.

With participants added, everyone can add money, transfer, and withdraw.

This way, account management becomes truly joint.

And, speaking of advantages, Cumbuca promises an account free of fees and bureaucracy.

It is worth mentioning that the services offered by the company are quite varied and are 100% online.

Noh 

Speaking now of Noh, this is a company that has been gaining more and more relevance in the digital financial market.

This is due to its innovative services, which end up gaining many users.

One of these services is the Noh digital joint account, which aims to allow users to share expenses and bills.

With Noh, each member has their own access and private account.

But when you become part of a group, you can share accounts with others.

This allows the group to share expenses, so that each member pays their share.

The interesting thing is that the services are very interactive, and these divisions can be in equal or different parts, it's up to the group to decide! 

Expense control can be done equally by all participants, so that all information is shared.

The variety of services is also interesting, as it's possible to pay Pix and bills through the app.

And best of all, it's all free of fees and bureaucracy.

Is it worth opening a joint digital account? 

Throughout the material, we were able to gain a better understanding of the digital joint account proposal.

We looked at all the positive and negative points and main market proposals.

So, we just needed to talk about the main thing, after all, is it worth adopting this model?

There is no right answer to this question, as it all depends on your profile.

This is because, as we said, there is currently no large digital bank that offers the service.

Therefore, it is necessary to adhere to the service of smaller companies.

So, it all depends on your priorities and preferences.

But if you're looking for a convenient, fee-free account option, it might be worth a try! 

Take advantage and also read: Salary Account X Current Account, do you know the difference?