Individual accounts refer to personal financial accounts held by a single person, typically at a bank or financial institution. These accounts can include checking accounts, savings accounts, and investment accounts, allowing individuals to manage their money, save for future needs, and make transactions. These accounts are distinct from joint accounts, which are shared by two or more people. Individual accounts provide account holders with full control over their funds and financial decisions, making them a popular choice for personal finance management. They often come with features like online banking and debit cards for easy access to funds.