Two accounts into one?

barnsleynanna

My husband and I each have a current account with Santander. We want to switch banks as we are paying more in monthly fees than we are earning in interest. We also want to just have one joint account. Both of the accounts currently have direct debits going out. Would I have to firstly close one account down and then switch, or is there a facility to do this all at the same time?

Katiehound

Why don't you each your account, thereby getting two switch incentives  and then make them into a joint. Or keep one as a donor and make the other joint after switching?

I think that maybe switching a joint a/c isn't quite as easy as switching an individual (I don't have experience  buit have read a few comments  which suggests the joint isn't as straightforward.)

PRAISETHESUN

If you're referring to the Santander 123 or 123 Lite, thyen you can downgrade to an Everyday account to avoid the monthly fee if you don't get enough cashback to cover it. You can't switch a closed account, so don't do that. I'd suggest looking at making both of your sole accounts joint and then switch them both into a non-Santander joint account (you can't switch internally within the same bank).

Alternatively, as suggested above you can get more incentive payments if you switch as individuals, but it won't help you combine the two accounts together if that is your ultimate goal.

YorkshireBoy

Katiehound said:

I think that maybe switching a joint a/c isn't quite as easy as switching an individual (I don't have experience  buit have read a few comments  which suggests the joint isn't as straightforward.)

Switching a joint account is just as easy as switching a sole account. It's actually opening the joint account that's the problem in the current climate, as it usually means a branch visit.

Katiehound

YorkshireBoy said:

Katiehound said:

I think that maybe switching a joint a/c isn't quite as easy as switching an individual (I don't have experience  buit have read a few comments  which suggests the joint isn't as straightforward.)

Switching a joint account is just as easy as switching a sole account. It's actually opening the joint account that's the problem in the current climate, as it usually means a branch visit.

Aha I knew I had read something- but as it doesn't apply to me, didn't pay full attention!