Transferring 18 November 2022 at 12:29PM edited 22 November 2022 at 9:24AM in Budgeting & bank accounts 6 replies 183 views

ronald08

My wife and I have a joint current account.  
Is it possible for one of us to open a current account with another bank and be able to take advantage of the deals being advertised at present?
Your help would be appreciated.
Thank you.

cricidmuslibale

ronald08 said:

My wife and I have a joint current account.  
Is it possible for one of us to open a current account with another bank and be able to take advantage of the deals being advertised at present?
Your help would be appreciated.
Thank you.

Yes it is not only possible, it is also very much to your advantage to do so! You and/or your wife simply need to research the various sole current accounts that are currently available with quite a few different banks and pick the one(s) that best suit(s) your respective needs. In fact both of you can separately open one or more new sole current accounts if you wish to do so.

grumbler

cricidmuslibale said:

ronald08 said:

My wife and I have a joint current account.  
Is it possible for one of us to open a current account with another bank and be able to take advantage of the deals being advertised at present?
Your help would be appreciated.
Thank you.

Yes it is not only possible, it is also very much to your advantage to do so! 

Not true. One can switch from a sole account to a joint one, but not vice versa.
https://www.uswitch.com/current-accounts/guides/current-account-switching

cricidmuslibale

grumbler said:

cricidmuslibale said:

ronald08 said:

My wife and I have a joint current account.  
Is it possible for one of us to open a current account with another bank and be able to take advantage of the deals being advertised at present?
Your help would be appreciated.
Thank you.

Yes it is not only possible, it is also very much to your advantage to do so! 

Not true. One can switch from a sole account to a joint one, but not vice versa.
https://www.uswitch.com/current-accounts/guides/current-account-switching

I wasn’t saying what I said in reference to switching from a joint account to a sole one which I know full well is not possible!

I was encouraging the OP (and/or his wife) to open (a) new sole current account(s) so that they can then take advantage of any switching offers they might like to take part in! With their new sole current accounts available to them, they can then, should they wish to do so, apply for any suitable account with a switching deal and switch a new sole current account, thus leaving their original joint current account completely unaffected by any of this.

If you have a long-standing current account, joint or sole, it is often better to keep it rather than switch it!

ColdIron

grumbler said:

cricidmuslibale said:

ronald08 said:

My wife and I have a joint current account.  
Is it possible for one of us to open a current account with another bank and be able to take advantage of the deals being advertised at present?
Your help would be appreciated.
Thank you.

Yes it is not only possible, it is also very much to your advantage to do so! 

Not true. One can switch from a sole account to a joint one, but not vice versa.
https://www.uswitch.com/current-accounts/guides/current-account-switching

OP didn't mention switching

Is it possible for one of us to open a current account with another bank

So entirely possible

Katiehound

If you want to take advantage of the current banking offers then you need to switch.

 I don't think there are any offers which are for simply opening an account- yes, there was one, and that was with First Direct- but not sure if it is still available. However it was for £20 not £100+

if you want to get a welcome bonus then the easiest way would be to each open an account- usually with your existing bank and then switch them making sure you have met the t&cs - often 2 x DDs & minimum pay in.

Probably better to keep you existing joint account where it is .

grumbler

ColdIron said:

grumbler said:

cricidmuslibale said:

ronald08 said:

My wife and I have a joint current account.  
Is it possible for one of us to open a current account with another bank and be able to take advantage of the deals being advertised at present?
Your help would be appreciated.
Thank you.

Yes it is not only possible, it is also very much to your advantage to do so! 

Not true. One can switch from a sole account to a joint one, but not vice versa.
https://www.uswitch.com/current-accounts/guides/current-account-switching

OP didn't mention switching

Is it possible for one of us to open a current account with another bank

So entirely possible

The OP did mention 'Transferring' and 'to take advantage of the deals being advertised at present'.


But, yes, I admit that I missed "to open a current account with another bank". Guilty as charged.