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  • FIRST POST
    • Rufty1
    • By Rufty1 17th Jul 17, 12:04 PM
    • 65Posts
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    Rufty1
    Recommendation for joint account
    • #1
    • 17th Jul 17, 12:04 PM
    Recommendation for joint account 17th Jul 17 at 12:04 PM
    My husband and I want to open a joint account for household bills, but we don't want to close our individual current accounts. Is there one out there for us?

    We went to an appointment with HSBC (that took a month to arrange) and they told us we'd have to completely switch our existing current accounts. I was annoyed as I'd specifically asked about this when booking the appointment.

    Thanks for the advice.
Page 1
    • badger09
    • By badger09 17th Jul 17, 12:12 PM
    • 5,399 Posts
    • 4,640 Thanks
    badger09
    • #2
    • 17th Jul 17, 12:12 PM
    • #2
    • 17th Jul 17, 12:12 PM
    My husband and I want to open a joint account for household bills, but we don't want to close our individual current accounts. Is there one out there for us?
    Originally posted by Rufty1
    There are many many joint accounts 'out there'. It is, however, up to each bank to decide whether they want you & your husband as customers.


    We went to an appointment with HSBC (that took a month to arrange) and they told us we'd have to completely switch our existing current accounts. I was annoyed as I'd specifically asked about this when booking the appointment.

    Thanks for the advice.
    Originally posted by Rufty1
    Absolute rubbish! There is no need to switch any account, unless you are looking for a switching incentive.

    You'll have to give a bit more information about what sort of account you're looking for though.

    Have you read this?

    http://www.moneysavingexpert.com/banking/compare-best-bank-accounts
    • xylophone
    • By xylophone 17th Jul 17, 1:23 PM
    • 23,428 Posts
    • 13,622 Thanks
    xylophone
    • #3
    • 17th Jul 17, 1:23 PM
    • #3
    • 17th Jul 17, 1:23 PM
    Would a Santander 123 Lite joint account suit your purposes?

    http://www.santander.co.uk/uk/current-accounts/123-lite-current-account
    • Flobberchops
    • By Flobberchops 18th Jul 17, 9:35 PM
    • 584 Posts
    • 421 Thanks
    Flobberchops
    • #4
    • 18th Jul 17, 9:35 PM
    • #4
    • 18th Jul 17, 9:35 PM
    The obvious answer would be to open a secondary account at the bank(s) you and your partner currently bank with. You can have more than one current account with the same provider, and keeping your finances separate for budgeting purposes is a perfectly valid reason.

    A new bank may be understandably loathe to set up fresh customer records, accounts, cards etc if you make it clear you do all your main banking elsewhere and therefore they'll have the privilege of handling your bills when what they really want is you to turn to them when you're in need of insurance, loans, credit cards etc. They're businesses, not charities, after all.
    I work for a UK bank, but any comments made on this forum are solely my personal opinion. Caveat Emptor!
    • Rufty1
    • By Rufty1 19th Jul 17, 1:22 PM
    • 65 Posts
    • 2 Thanks
    Rufty1
    • #5
    • 19th Jul 17, 1:22 PM
    • #5
    • 19th Jul 17, 1:22 PM
    We both have HSBC accounts (one current one business) but HSBC said we would have to close our current accounts. But as my main current account is linked to my mortgage in an offset account I can't move mine. I don't want to either as I still want to be able to may my own CC bill.

    I did read the 'best bank accounts' link but it was only current accounts and I couldn't find anything on joint accounts. We are still struggling.
    • PeacefulWaters
    • By PeacefulWaters 19th Jul 17, 2:11 PM
    • 7,171 Posts
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    PeacefulWaters
    • #6
    • 19th Jul 17, 2:11 PM
    • #6
    • 19th Jul 17, 2:11 PM
    We both have HSBC accounts (one current one business) but HSBC said we would have to close our current accounts. But as my main current account is linked to my mortgage in an offset account I can't move mine. I don't want to either as I still want to be able to may my own CC bill.

    I did read the 'best bank accounts' link but it was only current accounts and I couldn't find anything on joint accounts. We are still struggling.
    Originally posted by Rufty1
    Current accounts are joint account. Why differentiate the terminology.

    123 Lite from Santander sounds like a plan. Or a joint added value account (pay fee, get travel insurance etc) might give some value if you both drive, travel etc.
    • Rufty1
    • By Rufty1 19th Jul 17, 2:26 PM
    • 65 Posts
    • 2 Thanks
    Rufty1
    • #7
    • 19th Jul 17, 2:26 PM
    • #7
    • 19th Jul 17, 2:26 PM
    Excuse my ignorance PeacefulWaters, can you open any old current account with 2 different names then? (P.S we don't really want to pay to bank)
    • PeacefulWaters
    • By PeacefulWaters 19th Jul 17, 2:36 PM
    • 7,171 Posts
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    PeacefulWaters
    • #8
    • 19th Jul 17, 2:36 PM
    • #8
    • 19th Jul 17, 2:36 PM
    Excuse my ignorance PeacefulWaters, can you open any old current account with 2 different names then? (P.S we don't really want to pay to bank)
    Originally posted by Rufty1
    I can't think of any bank that doesn't offer joint current accounts.
    • Rufty1
    • By Rufty1 20th Jul 17, 1:04 PM
    • 65 Posts
    • 2 Thanks
    Rufty1
    • #9
    • 20th Jul 17, 1:04 PM
    • #9
    • 20th Jul 17, 1:04 PM
    PeacefulWaters - I know they all do current accounts - but do they allow 2 people with different names to open one?
    • badger09
    • By badger09 20th Jul 17, 2:03 PM
    • 5,399 Posts
    • 4,640 Thanks
    badger09
    PeacefulWaters - I know they all do current accounts - but do they allow 2 people with different names to open one?
    Originally posted by Rufty1
    Yes

    It is not uncommon for unmarried couples, father & married daughter, siblings with different surnames etc etc to hold joint accounts.
    • Don80
    • By Don80 20th Jul 17, 2:30 PM
    • 196 Posts
    • 77 Thanks
    Don80
    PeacefulWaters - I know they all do current accounts - but do they allow 2 people with different names to open one?
    Originally posted by Rufty1
    Yes they do. Any two people can open a joint account. I had one some years ago with my ex. We had different names, but same address (though even that is not essential).

    Some good fee free accounts you could look at are:
    TSB Classic Plus Account (interest and money every month, but time limited)
    Halifax Reward Account (£3 a month if you pay in £750 and have 2 DD, also access to everyday offers)
    Bank of Scotland Classic with Vantage (interest and cashback on debit card spending through their everyday offers)
    Nationwide (good interest for a year if you pay in £1000 a month)

    If you don't mind an account fee (but check that what you earn in cashback is more than the fee you pay):
    RBS/Natwest do a Reward Account where you can get cashback on DDs you use to pay bills.
    Santander 123/123 Lite accounts (like the RBS one)
    • PeacefulWaters
    • By PeacefulWaters 20th Jul 17, 7:30 PM
    • 7,171 Posts
    • 8,833 Thanks
    PeacefulWaters
    PeacefulWaters - I know they all do current accounts - but do they allow 2 people with different names to open one?
    Originally posted by Rufty1
    Yes. It's 2017 after all.
    • Sparx
    • By Sparx 20th Jul 17, 10:54 PM
    • 763 Posts
    • 413 Thanks
    Sparx
    Go back to HSBC - simply ask to open a 2nd current account in both husband and yours name (joint) for the household bills.

    There is absolute zero reason why you can't do this, or why the bank would ask you to close or transfer your current accounts you have right now. If they still insist, ask to speak with someone else or a manager as it's complete tosh!
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