Easiest way to create a joint account for switch incentives

frugalandsave

Hi everyone, 

we have pretty much exhausted most switch incentives and now looking at opening a shared/joint account to be able to go through the incentives once more. 

When I tried a few ago, they asked us to go in Branch which is quite a bit away. With all the bank closures, this is a hustle. 

Any suggestions of applying for a joint bank account with the least amount of hustle?

Many thanks 

NorwichMan

I found opening a joint Monzo account to be quite easy. But there may be implications to switching and closing a Monzo account? 

vacheron

Why would you want a joint account when you could gain double by opening two separate accounts instead?

I was just looking at separating our joint account this morning for exactly this reason (£400 from Lloyds rather than £200). 

Nasqueron

vacheron said:

Why would you want a joint account when you could gain double by opening two separate accounts instead?

I was just looking at separating our joint account this morning for exactly this reason (£400 from Lloyds rather than £200). 

OP said in their post they have done all the individual switch incentives so want to try using joint ones to get some more

frugalandsave - Starling was very easy to open as a joint, both apply online for single account then there is a sort of "merge" for want of a better word which creates the joint once you are both setup - done via QR code on the app

vacheron

Nasqueron said:

vacheron said:

Why would you want a joint account when you could gain double by opening two separate accounts instead?

I was just looking at separating our joint account this morning for exactly this reason (£400 from Lloyds rather than £200). 

OP said in their post they have done all the individual switch incentives so want to try using joint ones to get some more

Yes, but most joint applications I have seen won't pay out if either of the parties has recevied an incentive on an individual account within the ineligibility timeframes (the recent £200 Lloyds one being no exception)?

35har1old

Nasqueron said:

vacheron said:

Why would you want a joint account when you could gain double by opening two separate accounts instead?

I was just looking at separating our joint account this morning for exactly this reason (£400 from Lloyds rather than £200). 

OP said in their post they have done all the individual switch incentives so want to try using joint ones to get some more

frugalandsave - Starling was very easy to open as a joint, both apply online for single account then there is a sort of "merge" for want of a better word which creates the joint once you are both setup - done via QR code on the app

The same rules will apply regarding the last date you had the switch incentive so if you have exhausted them on sole accounts not very likely to succeed 

Rob5342

I think you mean hassle. Modern banks like Monzo and Starling are normally easier to open accounts with than the old fashioned banks are. As mentioned above though, normally if one of you has had a switch incentive already then you can't get another onr when switching a joint account. 

flaneurs_lobster

Rob5342 said:

I think you mean hassle. Modern banks like Monzo and Starling are normally easier to open accounts with than the old fashioned banks are. As mentioned above though, normally if one of you has had a switch incentive already then you can get another onr when switching a joint account. 

Think you mean "can't get another one" 

Rob5342

flaneurs_lobster said:

Rob5342 said:

I think you mean hassle. Modern banks like Monzo and Starling are normally easier to open accounts with than the old fashioned banks are. As mentioned above though, normally if one of you has had a switch incentive already then you can get another onr when switching a joint account. 

Think you mean "can't get another one" 

Thank you, I've corrected my post. 

PRAISETHESUN

If you've exhausted the sole switch options, then the only other incentive I'm aware of that will allow you to get another incentive for switching jointly is Nationwide. All the others will exclude you if one or both of the joint accountholders has had an incentive before.

That said, you are allowed to switch a sole account into a joint one as long as the name matches of of the joint ones, so strictly speaking I don't think there is a requirement to setup a new joint account for switching. The hassle of branch visits will remain anyway, so you'll be at the mercy of whichever bank you are switching into rather than the donor bank, as you need to open the joint account with that bank before you can then switch into it.

Nasqueron

vacheron said:

Nasqueron said:

vacheron said:

Why would you want a joint account when you could gain double by opening two separate accounts instead?

I was just looking at separating our joint account this morning for exactly this reason (£400 from Lloyds rather than £200). 

OP said in their post they have done all the individual switch incentives so want to try using joint ones to get some more

Yes, but most joint applications I have seen won't pay out if either of the parties has recevied an incentive on an individual account within the ineligibility timeframes (the recent £200 Lloyds one being no exception)?

35har1old said:

Nasqueron said:

vacheron said:

Why would you want a joint account when you could gain double by opening two separate accounts instead?

I was just looking at separating our joint account this morning for exactly this reason (£400 from Lloyds rather than £200). 

OP said in their post they have done all the individual switch incentives so want to try using joint ones to get some more

frugalandsave - Starling was very easy to open as a joint, both apply online for single account then there is a sort of "merge" for want of a better word which creates the joint once you are both setup - done via QR code on the app

The same rules will apply regarding the last date you had the switch incentive so if you have exhausted them on sole accounts not very likely to succeed 

Sure but you and vacheron have both replied to a comment I never made.

OP asked about setting up a joint account to try and get switch bonuses as they had exhausted their solo switch offers. vacheron asked why they weren't doing solo offers as it was more lucrative, I was simply pointing out in the first post OP had literally said they were doing this because they had done all the solo offers. I never stated it would work, simply offering OP advice, which they asked for, on an easy way to create a joint account to try and get extra bonuses. NatWest group in theory say 1 switch = 1 bonus maximum, but I and others have got switch bonuses from NW, RBS and Ulster as an example.