Switching to joint account what happens with our overdrafts!

colsten

Kitty86 said:

is there a quick way to switch all my direct debits and wage to my husbands bank account, without closing my original bank account? 

Some banks do it for you but without any guarantees if something goes wrong. You might as well do it yourself.

Moving SOs is easy - just set up a new one and delete the old one.

Moving DDs is not much more complicated but you need to instruct the receiving company, and you need to check that they carry out your instructions. All they need is your new sort code and account number. Many companies let you change your DD instructions online. Others might require a form posted to them - -  just check on their websites / in your accounts with those companies.Once the DD instructions are updated, you can then cancel the DD on your old account.

eskbanker

Kitty86 said:

After looking at my husbands overdraft and mine and everyone’s comments I’ve added myself to his account. I then plan to switch all my direct debits and wage to his, leave my bank open and pay the overdraft off if there is any overdraft it’s £650. I don’t the bank would demand the money in one lump if I’m paying monthly and it’s still active?

Your bank will see that you're no longer funding your account with your regular wage and that increases the risk that they'll withdraw the overdraft facility and demand repayment, although nobody can say for sure whether or not they'll choose to do this....