Direct debit only account

GavinD1977

Hi all.

Myself and my fiancee are moving in together and are obviously going to be splitting all the bills.

We want to keep some degree of financial freedom and as such don't want a joint account or anything.

What we're looking for is a basic bank account that we can both transfer money into and that allows us to set up direct debits against it. can anyone make any recommendations?

Many thanks.

willo65

Just open an additional joint account with your current provider and use this just for bills etc.

GavinD1977

Hi. We don't want to open a joint account at all. Looking for something stand-alone. Im currently with RBS Royalites.

kaisersoze_2

All banks do a basic current account that allows direct debits, they are all much of a muchness as i assume you dont want an overdraft or a cash card or are bothered about credit interest, you should be able to pay into this account by SO from your own accounts.

GavinD1977

Hi there.

No we don't want a card for it or overdraft etc. thanks though........if they all do it i'll have a look at a local branch. Probs Lloyd's.

richard9991

GavinD1977 wrote: »

Hi there.

No we don't want a card for it or overdraft etc. thanks though........if they all do it i'll have a look at a local branch. Probs Lloyd's.

just open a basic account up set up dds on this set up so from your main account if they send a card just destroy it or ask them not to send anymore.

willo65

GavinD1977 wrote: »

Hi. We don't want to open a joint account at all. Looking for something stand-alone. Im currently with RBS Royalites.

It would probably be easiest to use your current provider so RBS because you won't have all ID to go through or your gf provider. The reason i suggest this account being a joint one is that if you open in just your name and anything goes wrong causing charges etc then you would be liable for the charges on the account also if you want any information on the account then only you could get it - If it was a joint account then you would both be liable for any charges etc and if for example you are on business/holiday for a week and you needed g/f to watch account then she could.

zx2011

Yorkshire Building Society's Cash Transactor can do direct credits, direct debits, standing orders and be used at any YBS or Britannia branch as well as online.

http://www.ybs.co.uk/savings/easy_access/transactor/index.html

jonesMUFCforever

All banks will offer current accounts that will meet your needs and you don't have to go for the basic account option.

masonic

If you have £1000 you can transfer in and out every month why not open a Halifax Reward account and get £5 a month out of the deal. Just don't ask for an overdraft/chequebook if you don't want it, and as has been suggested above lock away the debit card.

masonic

willo65 wrote: »

It would probably be easiest to use your current provider so RBS because you won't have all ID to go through or your gf provider. The reason i suggest this account being a joint one is that if you open in just your name and anything goes wrong causing charges etc then you would be liable for the charges on the account also if you want any information on the account then only you could get it - If it was a joint account then you would both be liable for any charges etc and if for example you are on business/holiday for a week and you needed g/f to watch account then she could.

It also creates a financial link between the two of them which will affect their credit records. You don't have to look too far to find instances where people have done this and later regretted it.