Best joint Acc to set up with my new partner

restart

Hi, not long moved in with my partner and we've decided it would be best to set up a joint account for the monthly bills. We will not normally be paying in large amounts (I hope) and though there seems to be lots of advice about for moving banks, what about setting up a new joint account? any thoughts or ideas?

lika_86

Do you need a joint account? If it's only going to receive enough money each month for bills, why not just have an account in one name?


Have you investigated your partner's credit history? If you open a joint account you will be financially linked.

eskbanker

restart wrote: »

any thoughts or ideas?

Have a read through this current thread and then decide if you really think a joint account would be the right solution: https://forums.moneysavingexpert.com/discussion/5694796

restart

Interesting thoughts thank you. The main reason for an account would be food shopping. Both pay X amount in each month and each have a card to enable each other to purchase without the need for the other person to be present. If i opened an account for this purpose, could we get two cards, one each?? I didn't think this would be possible?

lika_86

restart wrote: »

Interesting thoughts thank you. The main reason for an account would be food shopping. Both pay X amount in each month and each have a card to enable each other to purchase without the need for the other person to be present. If i opened an account for this purpose, could we get two cards, one each?? I didn't think this would be possible?

We have a prepaid credit card for this purpose with two cards. You have to be quite careful about what incurs charges (ATM withdrawals do for us so we don't use it for that) but otherwise it's fine.

http://www.money.co.uk/prepaid-cards/joint-prepaid-cards.htm (not sure if Martin has a similar list of people offering this)

I should add that we don't use our for bills, I have a current account in my name which we both pay enough into to cover bills (and not much more) and then we both put a set amount each month onto the pre-paid credit card which generally gets used each month or rolled over to the next.