Account for 3?

MrC100

Hi,

Can anyone recommend a suitable building society (or bank) account suitable for 3 joint family members?

This will be to receive rent paid by our tenant that will be separate to our current accounts.

Many thanks.

Neil

Dragonfly1

Why would you not just receive the rent to one of you, and forward 2/3 payment to the other two of you? Or if you are running a business, you are surely looking for a business account?

Sorry I wrote a better answer then noticed you are not the tenants - read it the wrong way round hence the edit

xylophone

Ask at your own bank or the bank of one of the other owners?

Archi_Bald

Are you aware that joint accounts will create financial relationships in your credit files?

MrC100

Thanks for your input. We don't really know how we will go in the medium term. The house is inherited, and this is a stop gap for a while.

Dobbibill

If you insist on having a joint account for this then look at a basic account or a savings account so that one of the three couldn't run up a large overdraft and leave the others in debt.

Westie983

Joint accounts are two named people. You will find it hard to find a account that will allow three inless it's a charity club account, most banks have pulled these types of accounts.

Try searching for treasurers accounts see what comes back. alternatively have a count in one name and everyone funds this account, a savings pot can be renamed to anything you want so Tennants a/c for example