C24 Bank Launches Joint Account: What You Need to Know

C24 Bank has introduced a new joint account in the beginning of January 2025, making it easier for people to manage money together. This option is great for couples, families, or anyone who shares expenses. With digital banking becoming increasingly popular, C24 Bank's new feature aims to simplify financial management for multiple users while ensuring transparency and convenience. With this move C24 is closing the gap between digital and traditional banking even more.

Features of the C24 Joint Account

• Equal owners: As a user of the C24 current account, you can create a joint account with another C24 user. With the analysis, budgeting and savings functions of the C24 Bank app, a shared financial future becomes child's play!
• Shared Access: You as a joint account co-holder can share your sub-accounts (which have their own IBANs) with other C24 customers. This lets them see balances and make transfers. Having multiple users on an account allows for better coordination in handling shared expenses, whether for household bills, vacations, or general day-to-day spending.
• Card Use: You can link your C24 Mastercard to different accounts or pockets, including shared ones. This means payments come straight from the selected account without needing extra transfers. This feature reduces the hassle of sending money between accounts, making transactions more seamless and efficient.
• Easy Management: The joint account has its own IBAN, and both account holders can control it through the C24 app. The app keeps everything in one place, showing both individual and joint accounts. This setup ensures that users can easily monitor expenses, track spending habits, and make financial decisions together in real time.
• Interest Rate: The joint account offers an interest rate of 1.75% per annum on balances up to €50,000, providing an additional benefit for those looking to earn interest while managing shared finances.
• Additional Features: The joint account includes up to four free Pockets (sub-accounts) and one free virtual card, offering greater flexibility in managing shared expenses and budgeting.

Things to Consider Before Opening an Account

• Who Can Use It: Everyone who wants to be part of the joint account must already have a C24 Bank account. This ensures that all users are familiar with C24's banking ecosystem and can access the same digital features.
• Fees: The joint account is free with no minimum deposit. However, you get only four free ATM withdrawals per month — after that, each withdrawal costs €2. While this may be cost-effective for those who primarily use digital transactions, users who frequently withdraw cash should take this limitation into account.

Beyond these key aspects, the joint account offers a modern approach to financial collaboration, reducing the need for separate transactions and improving money management for shared financial goals. Whether it's managing household finances, splitting rent, or tracking joint savings, this account brings new levels of convenience and efficiency to C24 Bank customers.

With this joint account, C24 Bank aims to offer a simple and flexible way for people to share finances. This new feature helps customers manage money more easily while keeping things transparent and organized. As more people look for digital solutions to simplify their banking needs, C24's joint account stands out as a valuable option for those seeking a modern, hassle-free approach to financial cooperation.

Read full review of C24 Smart Account

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