Contact Info
Caputo & Partners
Enzo Caputo
Attorney at Law
Rämistrasse 6
8001 Zürich
Switzerland
P: +41 79 543 85 93
F: +41 43 222 69 67
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Yes, joint bank accounts are possible. The account co-holders name, address and profession has to be stated. The signing arrangement can be set to individual or collective signature(s).
We do not advise you to open a joint account. The past has shown us that this type of account is often abused. You have to take into consideration that you cannot revoke the co-owners authority.
The only way to restrict each holder's authority over the account is to request collective signing arrangements. Under these circumstances the bank can only carry out orders if both account owners have signed. This can make the using of the account more difficult.
We rather recommend that you either open several accounts or that you give access to your account by power of attorney (don't forget to specify when and how to cancel this authority!).
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