Joint accounts - why they don't seem to be offered as standard

CaveDweller2024

Currently am I a Chase account holder.  Noticed on a few of these new banking companies moving to the app only getting something with Joint accounts seems difficult. Would anyone know why for example Joint accounts aren't just a standard fixture for anyone creating current/spending accounts?

Brie

It's likely that being joint than both individuals should have access via their app.  Which means that their app needs to accept different logons, passwords etc.  

Guessing as I don't use bank apps but that's the only problem as after you gain access everything should be the same for both.  

Zanderman

Brie said:

It's likely that being joint than both individuals should have access via their app.  Which means that their app needs to accept different logons, passwords etc.  

Guessing as I don't use bank apps but that's the only problem as after you gain access everything should be the same for both.  

No different to any other bank - joint accounts are accessed by either party on their own login, whether on app or on website.  Perfectly normal and common for joint accounts.  So I can't see that's a reason for app-based banks not to offer them. 

But yes, app-based do seem to make it more tricky - some don't offer joint accounts at all I think.

penners324

Chase promised joint accounts 3 years ago but it didn't materialise. 

Starling joint account was easy to set up

Rob5342

I can't say ive ever found it a problem, with Monzo we opened our own accounts then it took a minute or two to open a joint one. 

Rich1976

Rob5342 said:

I can't say ive ever found it a problem, with Monzo we opened our own accounts then it took a minute or two to open a joint one. 

But why should you have to open your own accounts just to have a joint one. Seems a bizarre practice by these newer banks . 

penners324

Rich1976 said:

Rob5342 said:

I can't say ive ever found it a problem, with Monzo we opened our own accounts then it took a minute or two to open a joint one. 

But why should you have to open your own accounts just to have a joint one. Seems a bizarre practice by these newer banks . 

Don't really see an issue with it

Rob5342

Rich1976 said:

Rob5342 said:

I can't say ive ever found it a problem, with Monzo we opened our own accounts then it took a minute or two to open a joint one. 

But why should you have to open your own accounts just to have a joint one. Seems a bizarre practice by these newer banks . 

I dont know. They are very quick to open and you don't hsve to use the personal account so having an extra card you can stick in a drawer is a problem.