Banking with partner

MrChips

nh101 wrote:

Are you worried that she cannot be trusted to keep your credit rating safe, or that she won't be accepted as a joint accout holder. If her credit rating is OK she should be accepted by a bank for a normal account, and if I was her I would be really offended if you didn't want to have a joint account. It is like you are treating her as a kept woman.

That wasn't my intention! I trust her a great deal (hence my idea to transfer all my savings into her name!), the [slight] reluctance to a joint account as opposed to an account in one name with an additional card for the other partner was to keep our credit files distinct. What happens if one of us forgets to pay a credit card bill or something, then both our credit files get affected and this might make future credit applications e.g. mortgage more difficult.

kellyp

WE bought our first house a year ago. WE have seperate accounts plus a joint. We both have standing orders of £700 go into it each month which covers mortgage, shopping, bills etc. Anything left at the month we can use to treat ourselves to a nice meal. Our own bank accounts our our own and spend as we like - we are very differnt in terms of spending. me being a woman, spends a lot on clothes, whilst he buys less clothes and saves more than me for car etc....
Works well if you have different types of spending habits. When kids come into the equation though then things may have to change, as you have more people to think about than yourselves.

moneyandmountains

The Sunday Times online has an article on the financial implications of relationship breakdown.
Not to be overly pessimistic, but this has some comments about joint accounts etc.

http://business.timesonline.co.uk/article/0,,8214-2542444,00.html

realaledrinker

Read that article yesterday and immediately thought of this thread. They suggested that one reason to keep accounts separate was in case you split up! Which perhaps proved my theory earlier in the discussion.