Joint account recommendations

frenziedmonkey

Hi folks
I wonder whether any of you would be kind enough to make recommendations for (or warn me off) particular joint accounts?
My mother's health is failing and she's becoming increasingly reliant on my arranging goods and services for her. I've been happy to pay for these but it's a bit of a faff arranging reimbursement (she insists on paying her way).
So we've decided it would be easiest if we set up a joint account into which she puts funds and from which I can pay for anything she needs.
Does anyone have a similar experience of this? Although I've looked through various current and savings account options, it's not immediately obvious whether they're available as joint accounts and MSE doesn't seem to have a section for this.
Ideally something branch-based for her where we've both got a card and good internet functionality for me.
Any help/ tips/ recommendations gratefully received!
Thank you

Robin9

Talk to her existing bank first - you may need a letter of authorisation from your mum - to see if a third party mandate can be set up.

Whilst getting letters get ones so you can talk to her doctor, her gas, electric and phone.

frenziedmonkey

Hi Robin9. We neither of us want to convert an existing account, we're looking to set up an entirely new one. Thanks for your help though.

Zanderman

Lasting Power of Attorney would solve the problem and help ensure you and she are 'future-proof' if she loses capacity.

fiat_lux

Any of Natwest Select or RBS Select. Both offer a switching incentive of £175 at the moment, and they are available as a joint account. No monthly fee.

personal.rbs.co.uk/personal/current-accounts/select_account.html
personal.natwest.com/personal/current_accounts.html

Keep_pedalling

Zanderman wrote: »

Lasting Power of Attorney would solve the problem and help ensure you and she are 'future-proof' if she loses capacity.

I second this, and it will be vital if the OPs mother loses her mental capacity. The LPA should also have a second / backup attorney appointed in case anything happens to the OP.

xylophone

In this position, I'd ask your mother to grant you LPA.

You could then open a separate account as PoA for your mother and set up a monthly standing order from her main account to this account to enable you to pay for goods and services on her behalf.

https://www.gov.uk/government/publications/make-a-lasting-power-of-attorney

frenziedmonkey

Thanks all for your feedback.

I have been considering LPA as a separate issue and am considering the timing for doing so, it's very important my mum feels she is still fully in control. But would certainly be good to have ready should things change.

Fiat Lux thank you for bank account suggestions, much appreciated.