Bank Checking Accounts with Joint Holders

[MissMyBike]

We have been looking to open a joint checking account with two holders, with equal & full rights - this is where either party have full rights to administer the account, without the approval or presence of the other. It just has been too inconvenient, trying to attend to issues involving third party payment failures, fraudulent charges, debit card replacements, investment allocations, app failures, etc., especially when calling via phone from outside Mexico. Here in Mexico bank accounts named under multiple owners, without the need for presence of a so-called primary account holder (both holders having equal rights) is called Solidaria or Indistinta type of an account - a very common option available in northern countries. Note this is not a Mancomunada where approval of all holders is necessary for administration of the account. Thus far, we have learned, most Mexican banks no longer offer the Solidaria/Indistinta type of account, even though some still maintain the legacy accounts issued previously. One bank offering this type of account is Banregio, & although the visit to the bank led to a satisfactory session with the manager, this is a smaller bank, & there does not seem to be much said online, & especially on Expat pages about Banregio. So any feedback on Banregio, & this whole subject of Cuentas Solidaria or Indistinta would be greatly appreciated.

[doncoulter]

I don't know anything about Cuentas Solidaria or Indistinta, nor about Banregio, but I can tell you that my wife and I have what amounts to a joint checking account, with debit cards, at Santander. To be precise, the account is in my name, and my wife is "co-titular." Santander told us that we each have, as you say, "full rights to administer the account, without the approval or presence of the other." The only exception is that my wife can't close the account, though presumably that would change upon my death, as she is my sole heir.

I'll add that my experience with Santander, together with what I hear from others about their banks here, leads me to believe that all Mexican banks suck.

Hope this is helpful.