The Edge: Growing trend of friends opening joint bank accounts

CHARLOTTE, N.C. – Looking to invest more in your friendships? Some people are opening shared bank accounts. That trend is gaining a lot of popularity on social media. The way it works is each person puts an agreed-upon amount of money in the account each week. Most people are electing to use the account for trip. That way you can use the funds to pay for flights, hotels, meals and and drinks out at the bar. One expert on the topic says that practicing “financial intimacy” with friends can strengthen relationships and make financial decisions less intimidating.

Would you do this with your friends?