A joint account is a bank account shared by two or more individuals, allowing all account holders to deposit, withdraw, and manage funds together. This type of account is commonly used by couples, families, or business partners to simplify financial management and facilitate shared expenses. Each account holder typically has equal access and responsibility for the account, meaning that any one of them can make transactions without needing permission from the others. Joint accounts can help promote transparency in finances, but they also require trust, as all parties are accountable for the account's activity and any fees incurred.