| Joint account | Authorisation | |
|---|---|---|
| Suitable for | Joint household. | Assistance with banking matters or temporary account management. |
| Powers | Both have equal powers (learn more). | The authorised person can carry out payment orders and transactions on savings and investment products linked to the current account, but cannot request or terminate new products. Any mortgage or consumer loans or credit card information linked to the current account are also inaccessible to the authorised person. |
| Liability | Both are entitled to and and jointly liable for the entire balance on the account (learn more). | The authorised person is not entitled to and not liable for the balance on the account. The account holder is liable for the actions of the authorised person. |
| Remove | Removing a joint account holder must be done together. * | Removing an authorised person can be done by either the account holder or the authorised person themselves. |
| In the event of death | The joint account holder will retain access to the account. The heirs will take the place of the deceased account holder. | The authorisation expires. The authorised person can no longer perform any actions until a new authorisation is provided by the remaining account holder (and any heirs). |
| Taxes (see belastingdienst.nl) | Fiscal partnership: both report the full balance in the tax return, then jointly allocate the basis according to their own discretion. No fiscal partnership: each reports their own share of the balance. | Not applicable to the authorised person, who is not entitled to the balance. |
Balance protection (Dutch deposit guarantee) (see dnb.nl) | For both account holders, 50% of the positive balance is covered under the guarantee of up to €100,000 per person per bank. | Not applicable to the authorised person, who is not entitled to the balance. |
| Costs | Always €1.10 per month for the second account holder (including their own debit card) | Optional €1.10 per month for a personal debit card for the authorised person (not mandatory). |
* When a joint account holder is added or removed, all existing authorisations are automatically revoked.
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