Converting husbands current account to joint account with Lloyds

Elephant1234

Hi tomorrow my husband is converting his current account to a joint account to add me on to it. We have to go into the lloyds branch to do it. What's involved? Is there a credit check for me to join his account?

Thanks

InsideInsurance

You'd need to ask them to confirm.

Certainly HSBC and Barclays require it to be done in branch and will do a credit check. Both would do it on the phone/ internet if it was done at the time as creating the account but an existing account requires a visit. I was able to request it by phone to give the authorisation and then she was able to go in independently to provide the KYC proof of ID/ address documents.

Archi_Bald

Have you both got a thorough understanding what a joint current account means? Credit checks should probably be the least of your concerns. But if a credit check worries you - why?

A credit check is a one-off, point in time, affair. Easy. But that's not the end of it.

Understand the joint account clauses in the T&Cs because you will both be committed to it for years, if not decades. This might be precisely what you want, but then it might not be.

Why do you want to have a joint current account?

grumbler

It's you both who convert it, not he. Unlike for a CC, you both will be jointly and solely responsible. Most likely the credit check will be done. Proofs of ID will be needed and, possibly, of the address if they can't check this elsewhere.

Also, a joint account links your credit histories together so that the worse one starts affecting the better one.

YorkshireBoy

If you have no Lloyds current account in your own name you will be credit searched.

If you already have a Lloyds current account in your own name, and their monthly CRA feeds are up to date, you may not be credit searched...not even an ID enquiry.