Names: Peter & Alex
Relationship status: Married in June 2025 after a proposal on a long hike in Albania
Approach to joint finances: A mix of joint and separate accounts
Saving for: An international honeymoon
Recent financial milestone: Just purchased a home together (within a week of their wedding!)
First surprise as new homeowners: Paying for a new fence the week they moved in
Alex on their financial compatibility: I think we both have a tendency toward saving and aren’t super material-things oriented, but we do like to spend on meaningful experiences and are both willing to do that.
How Peter’s dad got him interested in managing his finances: He was a small business owner and also an amateur investor. He showed me the ropes and how he made his decisions and the importance of compound interest. And so I think that got me started at a young age.
Alex on making the switch from a bank to a Wealthfront Cash Account (at Peter’s encouragement): As someone who historically kept a decent amount of money in a not-very-interest-earning account, it was immediately apparent to me how much potential I was missing out on when I moved over to Wealthfront and started earning that interest. Within a month, the figure that I saw was incredibly clear and persuasive.
Peter on setting up their joint Cash Account: Before we were married, we had two individual Cash Accounts. And when Wealthfront added checking features to the joint Cash Account, we decided that was a really great way to bring things together. The platform is super easy to use and makes things really easy for us, and the timing was great.
Alex on why having a joint Cash Account felt important to them as a couple: We both have pre-marital investment portfolios that are growing independently. And so it was important for us to have something that was mutual and reflective of our joint finances that was also growing.
Peter on the importance of equal access: Something we love about the Wealthfront joint Cash Account is that we both have equal access. We can both see the same things. We did try opening a joint account at a more conventional bank, just as a trial run before the Wealthfront joint Cash Account had checking features. And the access that was provided to different people — it’s like one person is a primary and another person is a cosigner. We love that with the Wealthfront joint Cash Account, we both have equal access, we can both see everything. We can co-manage the account and we co-manage our lives, so it’s really nice to have that ability.
Alex on keeping separate accounts at Wealthfront, too: We can still maintain our independent finances where we want them, and then it is so easily transferable between us as individuals and us as a unit.
Peter on buying a home with a joint Cash Account: Since we were married and we bought a home literally within the same week, there was a lot of combining of finances and spending that happened all at once, and we were able to use instant transfers to move money around quickly to position it for down payments, deposits, whatever…. It was pretty easy for us to move money within minutes from our individual Wealthfront accounts to where it needed to be for our home purchase and other big purchases.
Disclosure
Paid testimonials from Wealthfront clients. Clients were each compensated $1,000 for their testimonial, creating a conflict of interest. Individual experiences and outcomes will differ.
Wealthfront is not a bank. The Cash Account is offered by Wealthfront Brokerage LLC, member FINRA/SIPC, and is not a bank account. Cash Account funds are swept to interest-bearing accounts at Program Banks, who pay the interest. Visit wealthfront.com/programbanks for more information.
Investment management and advisory services are provided by Wealthfront Advisers LLC, an SEC-registered investment adviser. Investing involves risk, including the possible loss of principal. Past performance does not guarantee future results.
Wealthfront Brokerage partners with Green Dot Bank, Member FDIC, to offer certain checking features for the Wealthfront Cash Account. Wealthfront Brokerage partners with UMB Bank, National Association, Member FDIC, which may allow Wealthfront Joint Cash Accounts to opt into a limited-purpose account number and UMB Bank routing and transit number which enables certain checking features. Wealthfront Brokerage LLC and Wealthfront Advisers LLC are not affiliated with Green Dot Bank or UMB Bank.
Instant and same-day withdrawals use the Real-Time Payments (“RTP”) network or FedNow service. Transfers may be limited by your receiving institution, daily caps, or participating entities. New Cash Account deposits have a 2–4 day hold before transfer. Wealthfront does not charge fees for these services, but receiving institutions may impose an RTP or FedNow Fee. Processing times may vary.
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