smiling couple with piggybank sitting on sofa Some couples are happier not putting everything in one piggy bank.
Credit: Colourbox

First comes love, then comes the joint banking account, right? Not necessarily, according to a new survey conducted by TD Bank. The bank surveyed 1,000 Americans who are either married or living with their significant other and found that the 42 percent who have joint accounts still maintain their own personal account.

The results show the shift in the way Millennials — people ages 18 to 34 — are thinking about money and relationships. Many couples have one joint account for shared expenses, but still use their individual accounts for personal spending. As couples' account habits have shifted, banks have taken noticed. They now offer a wider arrange of personal account options."When merging finances, it's a good idea to stop by your local bank and have a conversation about what account options are the best fit for you and your partner's needs," Lindsay Sacknoff, senior vice president and head of retail deposit products at TD Bank, says in a press release.


Thirty-eight percent of those surveyed who maintain their own individual account reported that they did it to maintain their independence, while 20 percent said their individual accounts were for emergency situations. Sixteen percent said it was just easier that way, while 7 percent cited privacy as the main factor. Click here to see more of the results.

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