Einzelkonten
Einzelkonto (plural Einzelkonten) is a term used in German-speaking financial contexts to describe a bank account that belongs to a single person, as opposed to joint accounts or business accounts. In everyday banking, an Einzelkonto is an account owned and managed by one natural person, who alone has access and responsibility for the funds. It is common for salaries, everyday spending, savings, and personal investments. Depending on jurisdiction, this type of account can be opened for adults and may also be available to minors under parental authority or guardianship. A Gemeinschaftskonto, or joint account, exists for two or more owners and is designed for shared finances.
In accounting practice, the term Einzelkonto can also refer to an individual ledger account within a chart
Regulatory and practical considerations vary by country. Access rights, powers of attorney, and tax implications can