- the right of survivorship – when one joint holder dies, the surviving joint holders automatically take the deceased joint holder’s interest in the account (for business accounts different rules may apply)
- joint and several liability – if the account is overdrawn, each joint holder is individually liable for the full amount owing.
- ‘all to sign’ means all joint holders must sign withdrawal forms, etc
- ‘either/or to sign’ means any one joint holder can sign withdrawal slips, etc