Combining Finances

posted 2 years ago in Money
Post # 2
28 posts
  • Wedding: July 2015 - tbd

My situation was easy.  His bank was an hour away from where we are living. We opened him an account at my bank,  and a joint account to transfer funds between the two of us. 

Post # 3
12865 posts
Honey Beekeeper
  • Wedding: June 2011

We were already banking at the same bank, but we just had his name added to my account and changed his pay roll to auto deposit into “my” account.  It was easier this way since I already had more bill pays for my credit cards linked to it.  I’ve had accounts at probably 4 or 5 different banks and a bank is just a bank to me.  Ours is just picked for convience since they are everywhere – Bank of America.

Post # 4
291 posts
Helper bee
  • Wedding: April 2014

Our combining of finances took a series of steps that happened over the course of a few months (not on purpose, that’s just how it ended up). we decided to use his bank, simply because he has high yield savings accounts we wanted to take advantage of, and because his bank accounts were already set up to online bill pay most of the bills. 

First, he got me a card to use his bank accounts. At the same time, I changed my direct deposit for work into his accounts. So, the money that both of us were spending was coming from our little pot (his original account). We kept it that way for a couple months until we got married. Once we were married and my name was officially changed, then we added my name to his accounts, closed out my accounts, and then took all the money that was sitting in my accounts and put them in his (well, our) account. 


Post # 5
319 posts
Helper bee
  • Wedding: May 2015

He added me on to his. He had direct deposit that was more difficult to change than mine, so it made the choice easier. Plus he had a good experience with his bank, so I switched. 🙂

Post # 6
461 posts
Helper bee
  • Wedding: October 2015

We recently moved to a state that does not have my bank. Since we will eventually combine finances, I opened an account at FI’s bank. He has had great experiences, and so far I’ve not had any issues. Right now I haven’t found a new job so it makes it easier when he transfers money to my account to help me out. The feature that drew us was the ease of obtaining and managing a credit card through them and the Rewards features. We use our credit cards to pay bills, pay off using checking, and get a lot of great rewards quickly 

Post # 7
1473 posts
Bumble bee

We looked for the best between each of our banks. For example, his bank gives interest on cheque accounts over a certain balance but mine didn’t. My bank had way better interest in savings accounts than his. So we have our joint chequing with his bank and our joint savings with mine. We kept our personal accounts as well. 

Post # 8
6073 posts
Bee Keeper
  • Wedding: August 2012

whatsherface04:  Since I was moving into his house (and selling my house), he already had many household accounts linked to his current checking.  So we just added me onto the account to make it a joint checking.  Then I closed everything at my old bank.  Now our paychecks are auto deposited into our joint checking.


We did not analyze savings rates or perks (well just as long as it was a free checking account).  So far so good.  We do have individual credit cards in our names that we use for rewards/perks though.

Post # 10
1802 posts
Buzzing bee

At the time we decided to combine finances we were both at the same credit union, and we like it, so we decided to stay there. I just closed my account and had my name added to SO’s account because he had his direct deposit and about ten different direct debit accounts associated with his account while I only had one direct debit linked to mine. It was just less of a hassle to change my stuff over than to deal with his.

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