And/Or Joint Account

A joint account based on the and/or principle is a joint account which allows each accountholder unlimited access to deposits without having to receive the consent of the other accountholders.

Any one of the accountholders may even give a third party full power over the account.

About is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 100 unbiased comparison tools and calculators are available on, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.