Is it wrong for a husband and wife to have separate bank accounts?

Answer

For various reasons, some couples prefer to have separate bank accounts. Money is the primary cause of issues in marriage, and since financial matters are the most common source of arguments in marriage, engaged couples would be wise to carefully discuss how to handle these matters before getting married. The Bible clearly addresses the union of a man and a woman (Genesis 2:24; Matthew 19:5; Ephesians 5:25-33), emphasizing that the two individuals become one entity, with the man as the spiritual leader and the woman in submission to him. This principle should guide the handling of finances in general, including the topic of separate bank accounts.

A truly unified couple will be united in all aspects of their marriage. Particularly, they will share a common perspective on spiritual matters. This unity should extend to practical matters as well, where husband and wife should be in agreement both in mind and heart. This implies that money and possessions are considered joint assets. There should be no distinction between “my money and your money.”

In a genuine partnership, everything is shared equally, and there is no partnership more equal than that of two individuals united in Christ. Therefore, there is usually no need for separate bank accounts. The situation of separate bank accounts often arises due to significant trust issues, indicating deeper problems in the marriage beyond just financial arrangements. Lack of trust can be detrimental to a marriage, and if present, seeking the Lord’s wisdom through prayer is essential “If any of you lacks wisdom, let him ask of God, who gives to all liberally and without reproach, and it will be given to him.”, James 1:5 for guidance on how to address this issue.

According to the Bible, we are united with our spouses, and therefore, we should be committed to demonstrating this unity to our children, friends, church, and the observing world. When disagreements arise concerning finances, it presents a chance to enhance love and, most significantly, trust to unite the entire family for God’s plan.