<prompt> Human: Howdy Reddit. So recently Ive been thinking about finances and whatnot since presented with options from my bank Wells Fargo and from a USAA rep. Basically, Im a 20 year old college student whos had the same joint savings account with my parents since I was in middle school, and never really gave it a thought, until now. I havent necessarily had problems, like my parents taking my pay checks from me, nor have they had any problems with me over drafting, but I was wondering about switching to an independent account, and what the advantages would be?  <response>: The legal advantages are huge. Not saying your parents would do this, but one could have a stroke and steal all your money. If they got into debt, it could be garnished since their name is on the account.Youre an adult with separate finances from them, you should have your own bank accounts. However, if theyre supporting you in college and they want you to stay on the same account, that may be something you factor in. 