Best bank account for joint bills?

d3mon4ngel

Good afternoon everyone,

Me and my partner are looking to open a joint account that we both pay into for all the household bills to come out of, as it seems a fairer way of doing it (rather than having them all come out of either mine or his and one of us being broke for a month when they've gone). I've been trying to decide which one to go for and not sure how it will work, so would just like to ask for a bit of advice please.

My main contenders are either A&L (hoping to get the £100 cashback for switching) or Halifax Reward Account. I currently bank with Halifax. Would this stop me from opening a second joint Reward account, i.e. one per customer? I've also read some bad reviews about A&L that have made me stop and think before just going for it.

Also, I have a CCJ from Sept 2007 and a satisfied default against another creditor - would these have a major impact on an application for a new bank account?

All we would need this account for is direct debits and standing orders, no overdraft should be required as we will be paying in enough between us to cover all the payments that will be leaving it plus a bit more. Do you think that a basic "no frills" account would be more than enough for this?

I'm just going round and round in circles in my head, unable to decide what to do! Please help

samjef11_2

d3mon4ngel wrote: »

Good afternoon everyone,

Me and my partner are looking to open a joint account that we both pay into for all the household bills to come out of, as it seems a fairer way of doing it (rather than having them all come out of either mine or his and one of us being broke for a month when they've gone). I've been trying to decide which one to go for and not sure how it will work, so would just like to ask for a bit of advice please.

My main contenders are either A&L (hoping to get the £100 cashback for switching) or Halifax Reward Account. I currently bank with Halifax. Would this stop me from opening a second joint Reward account, i.e. one per customer? I've also read some bad reviews about A&L that have made me stop and think before just going for it.
Well A&L Are not good for there cutomer service halifax on the other hand can be good or bad if you have a
Also, I have a CCJ from Sept 2007 and a satisfied default against another creditor - would these have a major impact on an application for a new bank account?

All we would need this account for is direct debits and standing orders, no overdraft should be required as we will be paying in enough between us to cover all the payments that will be leaving it plus a bit more. Do you think that a basic "no frills" account would be more than enough for this?

I'm just going round and round in circles in my head, unable to decide what to do! Please help

This info might help

Banks and other lenders can do a CCJ check against the CCJ register when deciding whether to offer credit. Getting a mortgage with a CCJ or a loan with a CCJ is difficult. Even if you get credit, you may end up paying a higher interest rate

Your CCJ will appear on your credit file for 6 years (if it takes you more than 6 years to repay the CCJ, the creditor will re-register it with the credit reference agencies).

However, your credit rating will already be affected by the fact you have not paid the contractual payments, which has resulted in you receiving a CCJ. Your CCJ won't show on your credit file if you pay it in full within 30 days.

If you manage to clear the CCJ within 6 years you can write to the credit reference agencies enclosing a "letter of satisfaction" from the issuing County Court to have the entry marked as "satisfied" on your credit file. This may be useful if you are applying for a mortgage, for example.

samjef11_2

Here is another thread post moneysupermarket that will help you with your questions click here
Topic questions is What bank account can I get with a CCJ

samjef11_2

I think i have solved your questions am i right?

CLAPTON

It's most unwise to get a joint account with your OH as your poor credit record will adversely affect his.

You can share out the bills so each pays different ones and simply settle up between you as each is due to be paid..

d3mon4ngel

Thank you both for your input. Clapton, you've given me something else to think about - didn't even think about it how my CCJ could affect his credit rating. Time for a chat this evening I think.

samjef11_2

d3mon4ngel wrote: »

Thank you both for your input. Clapton, you've given me something else to think about - didn't even think about it how my CCJ could affect his credit rating. Time for a chat this evening I think.

No problem glad i could be of some use to you.