Current Account for Housewife with no income or credit history

125 Posts


My Wife has not had her own bank account for nearly 20 years although she does have a FD Joint Account with me.
Having recently switched my First Direct Offset mortgage to a fixed rate product with Nat West I am looking to invest our previous FD offset savings elsewhere and in my Wifes name so no tax will be due.
Given her lack of credit history or income what is the best option for opening a current account? Would Monza be a good place to start? I would then transfer momey from my current account to her Monza current account and from there into still to be set up instant access savings accounts or fixed term savings in her name.
In addition, I would also like to take advantage of some of the current account opening cashback offers that are available. Is my Wife likely to be accepted for the Nat West current account without any income or credit history?
Thanks in advance.
Having recently switched my First Direct Offset mortgage to a fixed rate product with Nat West I am looking to invest our previous FD offset savings elsewhere and in my Wifes name so no tax will be due.
Given her lack of credit history or income what is the best option for opening a current account? Would Monza be a good place to start? I would then transfer momey from my current account to her Monza current account and from there into still to be set up instant access savings accounts or fixed term savings in her name.
In addition, I would also like to take advantage of some of the current account opening cashback offers that are available. Is my Wife likely to be accepted for the Nat West current account without any income or credit history?
Thanks in advance.
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.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of .....guaranteed, NOT guarenteed
My thinking here was open a CA with say Monzo and then in the future she could transfer from this burner account into FD and get the FD account switching bonus as well, rather than just opening a sole current account with FD.
.withdrawal, NOT withdrawel ..bear with me, NOT bare with me
.definitely, NOT definately ......separate, NOT seperate
should have, NOT should of .....guaranteed, NOT guarenteed
The account is as much hers as it is yours. She is an existing customer of FD.
In any case, it seems reasonable for your wife to have a current account in her name.
Her name might well be on the Credit Reference files if she was on a joint account with you but even if it isn't, getting a current account should be no issue provided she is on the Electoral Register, has a government issued photo ID (passport or DL), and proof of address (which she would have with a statement from your joint FD account). All banks publish ID requirements on their websites.
Monzo, Chase and Starling don't do a hard credit. But perhaps the very easiest would be a sole account in her name at First Direct. As mentioned, she wouldn't be entitled to a switch bonus from FD but in time, she could use her FD account to go after other switch offers.