The benefit of 'either or' account.

[bestwriter]

Bank accounts could be single, joint and either or. A single account means only the one in whose name the account is can operate it. Joint account is when the signature of both are needed to operate the account but the either or is when the joint account can be operated signly by both. This either or account gives the freedom to both to independently operate the acount.
What type of account do you have?

 

[nomad]

I have one joint account for business but only my signature works in the bank. I do not have either or account

 

[Niyi Briggs]

The "either or" account is very risky. And should be operated with someone that you really trust.

 

[Shavkat]

I only have a single account. If I have my lifetime partner, it can be a joing account.

 

[Rubz]

I have a single account for now. When i get a partner, i might decide to get a joint account with my partner. It is something we have to discuss on though.

 

[Unyime]

The benefit is that one can easily access funds if something happens to the other signatory of the account.