What if I have a joint account request?

November 3rd, 2023

Capital Guardians will not open joint accounts as it can cause confusion with providers of goods and services invoicing.  It will also result in premature closing of the account if one resident leaves.

  • Accounts can only be in one name.
  • Two accounts can access the same bank account
  • If a second account is not used much, it is recommended you request a fee-free account, that has no $36 yearly fee, instead a 4% surcharge on expenditures.

At the time of provision of a good or service providers can be requested to invoice a single name.

Ross McDonald

Ross is the CEO and founder of Capital Guardians. He has an extensive career in financial management and tech solutions development. Having first created Capital Guardians as a solution for aged care over a decade ago, so his expertise in payments and invoicing for people in protected settings is second to none.

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