Jiont Account, Both Signatures required to operate

Maundy

My Father and me are both trustees of a sizeable sum of money and need to invest in either a savings or current (cheque) account but we require an arrangement where BOTH (2) signatures are required on all instructions, cheques, etc.
So far we have been unable to find anyone who will accept this arrangement. Any suggestions who offers this arrangement?

JuicyJesus

If you are trustees there are specific accounts available for such things. Virtually any bank that does business accounts will also do them, as they are operated on much the same lines as business accounts but often without transaction charges.

All are much of a muchness. If you actually want to invest the money, I would suggest also contacting an IFA. But get the account as well so you have a place for liquid cash.

ChiefGrasscutter

I'm a treasurer of several groups
Clubs and societies type of accounts is what we use or as the above poster says a trustee account in your circumstances
You can (usually) have virtually any signature mandate you like. You can probably even have one for sums less than x need one sig', sums above that two sigs.

All the main big clearing banks will do them - to be honest the club's and Soc's type accounts are more run by the banks as a loss making "service to the community" as it certainly costs the banks more to run them than a personal account - and they can't get much fee paying additional business out of you as a club.

I doubt the Building Societies (and possibly the ex-blds Socs now converted to banks) will be interested - mainly for the above stated reason.