Is having a joint bank account important?

Is having a joint bank account important?

While having a joint bank account may be an indication of your commitment to each other, it is not the ‘magic bullet’ that will get your Partner Visa granted. The Department of Home Affairs is after evidence which shows you and your partner are in a genuine and ongoing relationship. So, while having a joint bank account is all well and good, you still need to be able to show that you make financial decisions together, and you can use the account to demonstrate this.

How can my partner and I show how we manage our finances together?

The way to show this is to actively engage with your joint bank account. You can do so by using it to pay for your everyday living expenses like your electricity, water and phone bills. In this way, you will be able to present hard evidence of your financial transactions from the joint bank account to the Department. This will count in your favour when it comes to using the joint bank account as a document to show proof of your genuine relationship.

With this post, we have just given basic insights into the topic of joint bank accounts; if you are unsure of what details you should or shouldn’t provide and require more information, please don’t hesitate to contact us here at Freedom Migration.

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Download our free Partner Visa Roadmap and use it to do a self assessment of where you are at in the process. Try filling out as much information as you can and see if you have everything that is required.

 

Please Note: This does not constitute Immigration advice. Always seek advice from a Registered Migration Agent before applying for an Australian Visa. Migration Law is constantly changing. This information is accurate only at the time of publication.

  • Sugandh Chaturvedi says:

    Great info. Very Helpful.

  • About the Author Avelyn Chen

    I was born in Changsha (China), lived in Wuhan (China), and moved to Singapore when I was 8. So I speak Mandarin and Singlish. I might also speak a bit of Cat. I studied law and now specialise in migration law.

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