Man and wife joint bank account

seabreeze98

Joined: Oct 25th, 2006
Posts: 4,213

Re: Man and wife joint bank account

Posted by: seabreeze98 on Jun 7, 2010 4:04pm

AFAIK it's not allowed in China, sorry.

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Male bean counter looking for job in China.

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wefrucar

Joined: Dec 28th, 2008
Posts: 4,101

Re: Man and wife joint bank account

Posted by: wefrucar on Jun 7, 2010 4:45pm

Joint account in China means you put it in your wife's name.

Sometimes I feel it is maybe unbearable always be traditional Chinese girl.

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Jun 8, 2010 12:22pm

wefrucar wrote:

Joint account in China means you put it in your wife's name.

We have a business that requires both signatures for transactions...its easy in Canada but its a long tedious process to go through here and many diffrent finacial manoeuvers we have to go though. If we had a joint account it would simplify matters a whole lot...oh well...life goes on...lol...thanks

STFU already...

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joe_blow

Joined: May 25th, 2009
Posts: 686

Re: Man and wife joint bank account

Posted by: joe_blow on Jun 8, 2010 1:17pm

I got one at Citibank buuuuuuuuut..... it's completely useless for every day use.

You can't get a cash card for it so you have to open a separate single account. Then when you want to take money out you transfer cash from the joint account to your single account then you transfer money onto your cash card. From there you can use it at an ATM, but just for the amount you put on your card, not the whole amount in your account.

Simple, no?

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Jun 8, 2010 1:35pm

Joint accounts have only recently come into being. ICBC offers joint accounts now.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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Niu Bi

Joined: Aug 12th, 2009
Posts: 625

Re: Man and wife joint bank account

Posted by: Niu Bi on Jul 17, 2011 5:22pm

joe_blow wrote:

I got one at Citibank buuuuuuuuut..... it's completely useless for every day use.

You can't get a cash card for it so you have to open a separate single account. Then when you want to take money out you transfer cash from the joint account to your single account then you transfer money onto your cash card. From there you can use it at an ATM, but just for the amount you put on your card, not the whole amount in your account.

Simple, no?

I don't understand them, much, either. My wife and I just opened one at ICBC and we got two cards with the account but the numbers are different. Also - they can't be used at ATMs or like a debit card at the grocery store or whatever. Kind of ridiculous.

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Jul 17, 2011 5:39pm

Niu Bi wrote:

joe_blow wrote:

I got one at Citibank buuuuuuuuut..... it's completely useless for every day use.

You can't get a cash card for it so you have to open a separate single account. Then when you want to take money out you transfer cash from the joint account to your single account then you transfer money onto your cash card. From there you can use it at an ATM, but just for the amount you put on your card, not the whole amount in your account.

Simple, no?

I don't understand them, much, either. My wife and I just opened one at ICBC and we got two cards with the account but the numbers are different. Also - they can't be used at ATMs or like a debit card at the grocery store or whatever. Kind of ridiculous.

That's Chinese banking for you.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Jul 21, 2011 6:59pm

I finally found what I wanted at Standard Chartered Bank. Everything from withdrawing money to US money being deposited from a major business. My wife and I can both take money out....but there is only one card...which is ok...I can also take out money from Canada or the US directly but it must be...get this OVER 2,000 RMB. There is NO charge for this type of withdrawal either.No arguement from me.....there is a charge though for withdrawals UNDER 2,000 RMB. I thought he had it backwards but ...nope...thats what it was.....works for us... Finally found what I was needing.

STFU already...

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Jul 21, 2011 7:03pm

Oh yes....forgot to tell you...there are 3 types of service
1,) Basic services for under 100,000.
2.) VIP service for over 100,000.
3.) a generalized service with small benefits for those in between 50,000 and 100,000 that havent reached VIP status yet.

You cannot receive some of the transfers and withdrawing fo free unlsess you have the VIP status...it seems they make all their service fees off the ordinary Joe who doesnt have that much in their account.

STFU already...

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Jul 21, 2011 7:25pm

FreeRadical wrote:

I finally found what I wanted at Standard Chartered Bank. Everything from withdrawing money to US money being deposited from a major business. My wife and I can both take money out....but there is only one card...which is ok...I can also take out money from Canada or the US directly but it must be...get this OVER 2,000 RMB. There is NO charge for this type of withdrawal either.No arguement from me.....there is a charge though for withdrawals UNDER 2,000 RMB. I thought he had it backwards but ...nope...thats what it was.....works for us... Finally found what I was needing.

Can do that with just about any bank except for the free withdrawls.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Jul 21, 2011 7:27pm

FreeRadical wrote:

Oh yes....forgot to tell you...there are 3 types of service
1,) Basic services for under 100,000.
2.) VIP service for over 100,000.
3.) a generalized service with small benefits for those in between 50,000 and 100,000 that havent reached VIP status yet.

You cannot receive some of the transfers and withdrawing fo free unlsess you have the VIP status...it seems they make all their service fees off the ordinary Joe who doesnt have that much in their account.

I don't know ... some might say they make all their money off suckers who keep 100k in an account tied up earning next to zero interest.

There is no free lunch.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Jul 22, 2011 11:11am

gdbill wrote:

FreeRadical wrote:

Oh yes....forgot to tell you...there are 3 types of service
1,) Basic services for under 100,000.
2.) VIP service for over 100,000.
3.) a generalized service with small benefits for those in between 50,000 and 100,000 that havent reached VIP status yet.

You cannot receive some of the transfers and withdrawing fo free unlsess you have the VIP status...it seems they make all their service fees off the ordinary Joe who doesnt have that much in their account.

I don't know ... some might say they make all their money off suckers who keep 100k in an account tied up earning next to zero interest.

There is no free lunch.

I agree but in my case I have money tied in for one year collecting 2.8 % interst....I have an extra bit available for quick withdrawals if I need but not close to 50 K. I know there are other things to invest in but I dont quite feel safe with what I want to invest in yet...I will wait for a year.
Up till this year you couldnt get a "joint account" ...at least one that would let me do all the things we need to do with our travel etc etc....this one works for us.

STFU already...

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Jul 22, 2011 12:26pm

FreeRadical wrote:

gdbill wrote:

FreeRadical wrote:

Oh yes....forgot to tell you...there are 3 types of service
1,) Basic services for under 100,000.
2.) VIP service for over 100,000.
3.) a generalized service with small benefits for those in between 50,000 and 100,000 that havent reached VIP status yet.

You cannot receive some of the transfers and withdrawing fo free unlsess you have the VIP status...it seems they make all their service fees off the ordinary Joe who doesnt have that much in their account.

I don't know ... some might say they make all their money off suckers who keep 100k in an account tied up earning next to zero interest.

There is no free lunch.

I agree but in my case I have money tied in for one year collecting 2.8 % interst....I have an extra bit available for quick withdrawals if I need but not close to 50 K. I know there are other things to invest in but I dont quite feel safe with what I want to invest in yet...I will wait for a year.
Up till this year you couldnt get a "joint account" ...at least one that would let me do all the things we need to do with our travel etc etc....this one works for us.

ICBC has joint accounts.

Standard Chartered is ok, but if you ever have to go to a branch good luck finding one. Or one of their ATMs.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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Nidaye

Joined: Mar 18th, 2008
Posts: 809

Re: Man and wife joint bank account

Posted by: Nidaye on Jul 25, 2011 1:47pm

This is good info, not much use to me but good to know.

BTW, we've been making 3.6 - 5.1% interest for the past year on some investment-products offered by the local banks (in Chinese they are simply called "funds"). The low-risk kind that they won't guarantee in writing, but will tell you that there's close to no chance of you not receiving the posted returns.

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Jul 25, 2011 4:06pm

Nidaye wrote:

This is good info, not much use to me but good to know.

BTW, we've been making 3.6 - 5.1% interest for the past year on some investment-products offered by the local banks (in Chinese they are simply called "funds"). The low-risk kind that they won't guarantee in writing, but will tell you that there's close to no chance of you not receiving the posted returns.

Those financial products are actually pretty good and, as you stated, low risk. There are even some that guarantee no loss of principal.

Straight mutual funds, on the other hand, are pretty crappy these days.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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coco-nuts

Joined: Aug 20th, 2006
Posts: 1,267

Re: Man and wife joint bank account

Posted by: coco-nuts on Aug 2, 2011 6:08pm

If you're still looking, HSBC offers a good husband/wife option. Quite simple to enroll. Never a problem on a typical day. Solid customer service. In English.

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Drew72

Joined: Aug 3rd, 2011
Posts: 1

Re: Man and wife joint bank account

Posted by: Drew72 on Aug 3, 2011 1:27am

Interesting that getting a joint account in China is so rare. I wonder if China has the rewards programs for using a debit card, where you can earn points then redeem points for cash or merchandise. When using a joint debit card together, its important to keep track of your balance so you don't bounce checks - be accountable to each other.

make money blogging

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Aug 3, 2011 5:46pm

Drew72 wrote:

Interesting that getting a joint account in China is so rare. I wonder if China has the rewards programs for using a debit card, where you can earn points then redeem points for cash or merchandise. When using a joint debit card together, its important to keep track of your balance so you don't bounce checks - be accountable to each other.

mmmm...not sure but in this bank if you have a minimum balance of $100,000 you get most all your transactions free of charge. If I am in the US a simple phone call and they will send me any amount no charge as long as I maintain the 100 grand minimum balance.

STFU already...

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Aug 6, 2011 8:27pm

Drew72 wrote:

Interesting that getting a joint account in China is so rare. I wonder if China has the rewards programs for using a debit card, where you can earn points then redeem points for cash or merchandise. When using a joint debit card together, its important to keep track of your balance so you don't bounce checks - be accountable to each other.

I don't think any bank in China has a debit rewards program.

It is strange that joint accounts never used to exist. I guess it stems from how the husband turns over all his pay each month to the wife and she handles everything.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Aug 6, 2011 8:30pm

coco-nuts wrote:

If you're still looking, HSBC offers a good husband/wife option. Quite simple to enroll. Never a problem on a typical day. Solid customer service. In English.

Lots of luck finding a branch. Or an ATM.

ICBC has a joint account -- one account and 2 ATM cards.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Aug 10, 2011 9:57am

gdbill wrote:

Drew72 wrote:

Interesting that getting a joint account in China is so rare. I wonder if China has the rewards programs for using a debit card, where you can earn points then redeem points for cash or merchandise. When using a joint debit card together, its important to keep track of your balance so you don't bounce checks - be accountable to each other.

I don't think any bank in China has a debit rewards program.

It is strange that joint accounts never used to exist. I guess it stems from how the husband turns over all his pay each month to the wife and she handles everything.

You are right on the joint accounts never used to exist. I had a reall difficult time finding a joint account over the last few years. Especially one that met our specifications to withdraw from out of country etc etc. It's still a bit of a pain but the one we have now is better than what all the other joint accounts that we researched would let you do.

STFU already...

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Aug 10, 2011 1:25pm

FreeRadical wrote:

gdbill wrote:

Drew72 wrote:

Interesting that getting a joint account in China is so rare. I wonder if China has the rewards programs for using a debit card, where you can earn points then redeem points for cash or merchandise. When using a joint debit card together, its important to keep track of your balance so you don't bounce checks - be accountable to each other.

I don't think any bank in China has a debit rewards program.

It is strange that joint accounts never used to exist. I guess it stems from how the husband turns over all his pay each month to the wife and she handles everything.

You are right on the joint accounts never used to exist. I had a reall difficult time finding a joint account over the last few years. Especially one that met our specifications to withdraw from out of country etc etc. It's still a bit of a pain but the one we have now is better than what all the other joint accounts that we researched would let you do.

Having only one ATM cards kind of defeats the purpose of a joint account, no?

ICBC has a joint account with 2 ATM cards. Both can be used to withdraw cash from any UnionPay ATM in China or abroad.

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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English Wang Danny

Joined: Apr 28th, 2010
Posts: 43

Re: Man and wife joint bank account

Posted by: English Wang Danny on Oct 16, 2011 6:47pm

and the point of a joint account ?

nonsense....

like matching clothes....

ugly.

---------not to mention ridiculous

does it make people feel more family oriented ....

i wanna puke !

http://mygreenapple.net/page/wenhua/index.php

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Oct 16, 2011 11:08pm

English Wang Danny wrote:

and the point of a joint account ?

nonsense....

like matching clothes....

ugly.

---------not to mention ridiculous

does it make people feel more family oriented ....

i wanna puke !

Go ahead...puke as hard as you can.......thanks for your strength based solution focussed response....you have contributed so much to the request...proud of ya...looks good on ya too...al over your shirt.....

STFU already...

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Oct 17, 2011 9:38am

English Wanker Danny wrote:

and the point of a joint account ?

nonsense....

like matching clothes....

ugly.

---------not to mention ridiculous

does it make people feel more family oriented ....

i wanna puke !

'Cause you're too stupid to understand?

"Truth is not a commodity in short supply: The problem is, there's very little demand for it." -- ???

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English Wang Danny

Joined: Apr 28th, 2010
Posts: 43

Re: Man and wife joint bank account

Posted by: English Wang Danny on Oct 17, 2011 10:14am

sounds like a sissy card to me.

joint card .... such confused romantic nonsense.

and the real difference is ..........

nothing...

can still draw money out anyway....

the point is after puberty - adulthood - then twathood !

you tarts tickle my tonsils.

http://mygreenapple.net/page/wenhua/index.php

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FreeRadical

Joined: Aug 27th, 2008
Posts: 1,516

Re: Man and wife joint bank account

Posted by: FreeRadical on Oct 17, 2011 1:08pm

English Wang Danny wrote:

sounds like a sissy card to me.

joint card .... such confused romantic nonsense.

and the real difference is ..........

nothing...

can still draw money out anyway....

the point is after puberty - adulthood - then twathood !

you tarts tickle my tonsils.

The only tart in here is you. My wife of 27 years and I arent in it for romance fkwad. If I told ya why you wouldnt have the brains to understand anyways and besides its none of your business....hahah...your dead on all counts now go play in the traffic.

STFU already...

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English Wang Danny

Joined: Apr 28th, 2010
Posts: 43

Re: Man and wife joint bank account

Posted by: English Wang Danny on Oct 19, 2011 4:03pm

sounds like your an extra terrrestial turd. ETT !

joint accounts rarely work out just like most marriages fail. so if most marriages fail then is it a sensible thing to get a joint account ?

....................................

Romance certainly is the major factor in getting a joint account in the first place.

THINGS IDIOT COUPLES DO !

1. GET A JOINT ACCOUNT.
2. TELL PEOPLE THEY GO TO CHURCH EVERY SUNDAY , JUST SO PEOPLE KNOW......
3. MATCHING CLOTHES OR KNICKERS.
4. TRY AND TELL OTHER PEOPLE TO GET MARRIED !
5. COME FROM A STRANGE RELIGIOUS SECT !

PLEASE FEEL FREE TO ADD ANY MORE.

...............

PS. DK WAD. I have no idea what go play in the traffic means . Is that a ghetto term or some slang garbage ?

http://mygreenapple.net/page/wenhua/index.php

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gdbill

Joined: Feb 11th, 2007
Posts: 1,494

Re: Man and wife joint bank account

Posted by: gdbill on Oct 19, 2011 4:30pm

English Wanker Danny wrote:

sounds like your an extra terrrestial turd. ETT !

joint accounts rarely work out just like most marriages fail. so if most marriages fail then is it a sensible thing to get a joint account ?

....................................

Romance certainly is the major factor in getting a joint account in the first place.

THINGS IDIOT COUPLES DO !

1. GET A JOINT ACCOUNT.
2. TELL PEOPLE THEY GO TO CHURCH EVERY SUNDAY , JUST SO PEOPLE KNOW......
3. MATCHING CLOTHES OR KNICKERS.
4. TRY AND TELL OTHER PEOPLE TO GET MARRIED !
5. COME FROM A STRANGE RELIGIOUS SECT !

PLEASE FEEL FREE TO ADD ANY MORE.

...............

PS. DK WAD. I have no idea what go play in the traffic means . Is that a ghetto term or some slang garbage ?