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Zak Joint Account: Manage Your Finances Together with Zak Pots

Philippe

March 26, 2025

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Zak, the neobank of Banque Cler, is a popular option in Switzerland for managing money through a mobile app. Unlike some banks that offer traditional joint accounts, Zak does not yet offer a joint account as such.

However, thanks to the Zak Pots feature, it is possible to manage shared finances with other users. This solution provides a flexible and modern alternative to traditional joint accounts.

• Does Zak offer a joint account?
• Zak Pots: An Alternative to Joint Accounts
• How to create and use a Zak Pot as a shared account
• Advantages and limitations of Zak Pots compared to a joint account
• ✅ Advantages of Zak Pots
• ⚠️ Limitations of Zak Pots
• Conclusion on the Zak joint account
• Frequently Asked Questions (FAQ) about the Zak joint account

Does Zak offer a joint account?

Unlike the joint account from Banque Cler (also known as a common account, shared account, or household account), Zak does not provide an account where multiple people are legally co-holders and share equal access to the funds.

Joint accounts are typically used by couples, roommates, or families to manage shared expenses. In a traditional bank, this means each holder can make transactions and the account is legally shared.

Although Zak does not offer this option, it does allow for collective financial management through Pots, which function as sub-accounts shared between multiple users.

Zak Pots: An Alternative to Joint Accounts

Zak Pots allow for managing shared expenses between friends, roommates, or family members (up to 10 people), providing an alternative to traditional joint accounts.

How do the Pots work?

• Create a Pot in the app and invite members.
• Each member can add money and track transactions transparently.
• Expenses are centralized, avoiding confusion about who paid for what.

Unlike a traditional joint account, each user keeps their main account independent but can manage shared finances easily.

Zak Pots provide a flexible solution that allows users to manage shared finances without opening another account.

How to create and use a Zak Pot as a shared account

Zak Pots are not activated by default. You need to enable this feature via the Zak Store to use it for free.

Once activated, you can:

1. Create a Pot and give it a name.
2. Add members from your Zak contacts.
3. Manage expenses by adding shared transactions.
4. Track payment progress in real-time.

This solution is especially suited for couples, roommates, or friends who want to share expenses in an organized way.

Advantages and limitations of Zak Pots compared to a joint account

✅ Advantages of Zak Pots

• Easy to set up: No need to open a new account.
• Total transparency: Each member can see transactions in real-time.
• Flexible management: Ideal for temporary or regular expenses (rent, groceries, subscriptions).
• Financial independence: Each user keeps their own Zak account and can decide how much to contribute to the Pot.

⚠️ Limitations of Zak Pots

• No shared bank card: It is not possible to have a card linked to the Pot, unlike a traditional joint account.
• Dependence on one user: The creator of the Pot controls access and can decide to remove members.
• No legal joint account status: Unlike a true joint account, funds remain under the individual control of each user.
• No dedicated IBAN for Pots: It is not possible to fund a Pot from an external account, limiting its use for certain shared expenses. This feature would add more flexibility, especially for incoming transfers.

Conclusion on the Zak joint account

Although Zak does not offer a traditional joint account, the Zak Pots feature provides a practical alternative for managing shared finances. It is an ideal solution for those who want to share expenses while keeping individual control over their finances.

If you’re looking for a flexible and free solution to manage shared expenses, Zak Pots are an excellent option to try now! 🚀

Frequently Asked Questions (FAQ) about the Zak joint account