Joint bank account- some help appreciated

sparklyangel

Hi Guys

First post on this great forum so please be gentle.

I want to open a joint bank account with my partner, whereby the only mechanism of withdrawal, requires both our signatures, its not that i dont trust her, its just for both our protection. I have tried santander and BOS who do not offer any such account.

Could anyone here be kind enough to point me in the right direction? thanks

jonesMUFCforever

I don't think any mainstream bank will open this type of account these days.
They don't have the mechanism to check withdrawals.

Looks like sole accounts doesn't it?

trinity_enigma

I'm pretty sure Natwest offered this option when we opened out joint account but we didn't go with it

pmduk

You might find a passbook account that will offer this, but I very much doubt that there are any card based accounts. The whole point of such card accounts is that only one person knows the pin number.

sparklyangel

trinity_enigma wrote: »

I'm pretty sure Natwest offered this option when we opened out joint account but we didn't go with it

thanks for the response guys, i will check with natwest, also trinity if you dont mind me asking when did you open your account?

thanks in advance

sparklyangel

jonesMUFCforever wrote: »

I don't think any mainstream bank will open this type of account these days.
They don't have the mechanism to check withdrawals.

Looks like sole accounts doesn't it?

I hope not jones, i will try natwest

jonesMUFCforever

sparklyangel wrote: »

I hope not jones, i will try natwest

Perhaps you can elaborate why you need both of you to sign on the account?

madgagoo

Natwest definitely do a both to sign account. Open a normal joint account and ask for a joint account mandate.

You won't be able to have a debit card on the account though (as a debit card can only be used by one person, so can't be authorised by both as per the mandate). Cheques and direct debits only.

getmore4less

Why create a financial connection when you don't need to.

The only real need for a joint finacnes usualy is mortgage most other things can be worked around.