joint account

karen110

hi already have account with lloyds but want to add me x hubby on to enable us to cash a cheque in joint names,would there b any reason y the bank would not allow this as we obv dnt live together anymore and would they also run a cred check we both have exsiting accounts with them.thanks.

Judy_Judy

karen110 wrote: »

hi already have account with lloyds but want to add me x hubby on to enable us to cash a cheque in joint names,would there b any reason y the bank would not allow this as we obv dnt live together anymore and would they also run a cred check we both have exsiting accounts with them.thanks.

Adding an ex to your bank account doesn't sound too safe to me. I would open up another account in joint names, process the cheque and leave the account there in case I needed it again if that was likely.

InsideInsurance

The bank wont care about you living at separate addresses, or really what the relationship between you is. You will each become 100% liable for whatever happens to that account so if he goes off and runs up a £5,000 overdraft taking his new girlfriend off to vegas the bank can pursue you for all of it.

Secondly your financial records will continue to be linked so any bad credit history either of you may have or get would impact each other.

Weather you add him to your account, you to him or open a new account with you both named it doesn't sound a great idea with an ex. Accounts are easy to create but difficult to close!

As to credit checks, that will be down to Lloyds own procedure. Certainly Natwest and Barclays don't when both parties are already current account holders.

alanq

Would it be possible to get the drawer to reissue as two cheques?

If not then why not open a savings account in joint names? No credit reference checks and no danger of an overdraft in joint names.

CLAPTON

open a saving a/c so you are not linked financially to your ex