Dos and don'ts of opening a joint account with your partner

What you need to know before setting up a joint account with your partner (Photo: iStock)

You know you're in a serious relationship when you start sharing things like your clothes and your passwords with each other. While you are at it, the urge to open a joint bank account will become inevitable.

It's natural. It can be a sign of trust, it can make life easier, but it can also be fraught with pitfalls. Here are a few of the do's and don'ts when it comes to joint accounts: