My wife and I are opening a joint account. If she does transactions that exceed our balance, can I be held liable?
Take a look at your deposit account agreement. The basic law says that the person who signed the check or benefited from the proceeds is liable for any overdraft, but the law also says that a bank may, by contract, change that to make all parties on the joint account liable, and most banks have incorporated such a provision. If your bank does, the answer is "Yes, you can be held liable."
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