Current account for 3 people?

abbe89

Hi everyone.
I'm moving in with 2 friends, so we need a current account with all 3 of our names on for bills etc - but all the ones I've looked at can have a maximum of 2 holders.
Does anybody know of any free current accounts that would be suitable?

Thanks!

Lisa___2-2

Although it has a fee attached a cashplus card has a sort code/account and can have upto 5 users

YorkshireBoy

Think long and hard about creating a financial association with your friends.

Better to share the bills (one has gas, the other electricity, etc) and balance it out at the end of the month or when a particular bill has been paid?

cottager

As YB says, think very carefully: sharing accounts with friends can lead to serious implications for all of you. It's a common question on MSE, for instance see this recent thread:
https://forums.moneysavingexpert.com/discussion/3388358
If you decide to go ahead, maybe someone else can answer your original question about 3 account holders.

Annisele

I wouldn't say "think long and hard" about it; I'd say just don't do it.

YorkshireBoy's suggestion is IMO a very good one.

madgagoo

A Natwest current account can have 3 signatories/holders (open under joint names and then add a party). However as others say I would advise against it.

If one of you gets into financial difficulty in a few years time this could potentially stop the others getting a mortgage or further credit. Really bad idea to have financial links to people who you are not actually financially associated to.

If you really want to have a shared account then look at setting up a clubs & society account to manage it. You could then have 3 signatories but not financially linked. Not really what these accounts are designed for though. http://www.natwest.com/business/products/business-current-accounts/community-account.ashx