Separate Accounts

Separate accounts (sometimes called individual accounts) are owned by one person. The other partner can see balances and transactions only if explicitly given access. Couples using a separate-accounts structure split shared expenses through transfer (Venmo, Zelle, or scheduled bank transfer), without merging primary checking or savings.

Fully-separate structures are most common in newly-cohabiting couples, second marriages, and couples with specific legal or business reasons to keep finances distinct.