Joint Current Account

Fierybiscuits

Hoping someone can advise, as this is making me a bit cross eyed. My partner and I recently moved in together, and up until now our finances have been completely separate. He's paying the mortgage and utilities, while I'm paying a few other bills but also saving into a Help to Buy ISA (he's owned before, I haven't), which will go towards us buying something together in the next few years. He earns a bit more than me, but I want to things to be more equal between us, especially as we're now borrowing money for a new car together. As such, we want to open a joint account to cover basic day-to-day living stuff like bills, food, and loan repayments.

We both have Nationwide FlexPlus Accounts, for which we each pay £13 a month, but I'm assuming we can't then take out a joint account with Nationwide as well? Obviously if we made one of those accounts the joint account, we could potentially save ourselves £13 a month, but then it's the added hassle of cancelling the remaining FlexPlus, and both having to open separate "personal" accounts elsewhere. Plus there's the other issue that we're only looking to pay about £900 (in total) a month into the joint account, and a lot of current accounts (including the FlexPlus), have a minimum monthly payment above this. We really don't want just one joint account as we do still want to keep some of our finances separate. So, the question is, and forgive me if I'm being a little stupid, what is the best way of going about it if we each still want to retain our personal current accounts as well? Am I just making life more difficult? Any advice welcome. Thanks :j

YorkshireBoy

Fierybiscuits wrote: »

We both have Nationwide FlexPlus Accounts, for which we each pay £13 a month, but I'm assuming we can't then take out a joint account with Nationwide as well?

You could, but that would be foolish.

Obviously if we made one of those accounts the joint account, we could potentially save ourselves £13 a month, but then it's the added hassle of cancelling the remaining FlexPlus, and both having to open separate "personal" accounts elsewhere.

Make one of the FlexPlus accounts joint, and then downgrade the other to a FlexAccount. Then only one other FlexAccount to open. You're then left with a joint FlexPlus and two sole FlexAccounts.

Plus there's the other issue that we're only looking to pay about £900 (in total) a month into the joint account, and a lot of current accounts (including the FlexPlus), have a minimum monthly payment above this.

FlexPlus has no minimum monthly funding that I can see?