Joint Bank account with two signatures

Do banks still do joint accounts that require two signatures before money can be taken out?

Comments

  • EarthBoy
    EarthBoy Posts: 3,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Most of the banks will do them, but they are of limited use as you won't be allowed debit cards or ATM cards with such an account. This is because having a card which one person could use is contradictory to the requirement to have two signatures. You could send cheques (signed by both parties) to pay bills, but you wouldn't be able to withdraw cash unless you both turned up together at the bank. Most people wouldn't think this very practical these days.
  • Gymgenius
    Gymgenius Posts: 208 Forumite
    You want a good old fashioned building society account for that sort of security...one with a passbook that requires both signitories for withdrawals.
  • Does anyone know what the best Bank to join for a joint savings account that will require two signatures for people to get money out together...:confused:

    Thanks for your help xx
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