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Opening of Bank accounts-- What is "Either or Survivor"? What is the benefit of opening accounts under "E or S"?

Accounting Financial Accounting Bank Accounting Transaction Banking Banking
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Question added by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date Posted: 2015/01/11
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Malik Khalid Mahmood
by Malik Khalid Mahmood , Regional Finance Manager , Leosons International FZ LLC

Any person can operate the account by signing one or both,

The benefits at time of withdrawing the cash, there is no need of both the signatures but there should be a trust of both the parties on each other.

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