Joint Account Rules for Savings Account, Checking Account or Certificate of Deposit

  1. When an individual who has unrestricted access to the funds in the account, shares a joint account with co-owner(s) who are not eligible for Cash Assistance and their income and resources are not counted/deemed, presume that all the funds are owned by the individual and it is countable OR
  2. For co-owned accounts, if two or more account holders are either Cash Assistance eligible individuals or are people whose income and resources must be counted/deemed for Cash Assistance eligibility (such as spouses or parents of minor children), count an equal share of the account for each.
Parent topic: Countable Liquid Resources