'Home Expense' Account

banjo21

Apologies if duplicate ask.....

Within my family we have one main 'earner'. That person's income and account handles all bills/mortgage/regular costs etc. What I'd like though is a simple account for the non-earning partner into which we could put a regular amount (circa £1200 pm) for incidentals through the week and food shopping). i.e. nothing that is an SO/DD expense, but things like petrol, kids sweets, having a coffee, and the weekly food. I would love it to be an account with the flexibility of both cash and card and even apple-pay / touch free convenience, but with the rigidness of never being able to spend over the monthly allowance. So its like an instant access cash account with the benefit of a card but with strictly no overdraft.

Does such exist? Not fussed about interest rates etc. Just ease of use, ease of access to cash and use of card/phone for basic food shopping.

Many thanks for any suggestions that may help.

[Deleted User]

Just open another account and tell them you don't want an overdraft. Set up your standing order from the main account and you're good to go.

18cc

If you don't have an overdraft set up on your second account and you do over spend then it could go into unauthorised overdraft

what you want is an account like monzo r starling where no overdraft really means no overdraft

eDicky

Yes, as above, Starling Bank or Monzo would be suitable, 'mobile only' accounts quick and easy to set up and remarkably convenient to use.

Terry_Towelling

Having no ability to 'overspend' could leave you red-faced at the till with a pile of stuff having to go back on the shelves.

It is also important to understand that your bank cannot always stop you from going into overdraft - if your spend is not sent for approval/authorisation at the time of the transaction your bank will not know about it until the payment clears.

I'm not advocating overspending or not paying attention to your cash flow but it isn't always a good idea to be too inflexible.