We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
I need a bank account to share with my Dad, without sharing credit scores or anything else
Options

thundyuk
Posts: 71 Forumite

Hi aallllll -
I'm kind of struggling with how to phrase this question really so ...maybe if I describe it you can help me.
I want an account that doesn't affect my credit rating that my Dad can access. I'll put money in the account every month that we can both access- the idea being that we only get the money out if need it. And his bad credit does not affect my good credit!
An example of use would be we need to get some paint from the shop, my Dad can go down and get it but if the account runs out of money it doesn't make my credit rating look crap!
Not sure if this exists but hey, if you have any ideas please let me know!
I'm kind of struggling with how to phrase this question really so ...maybe if I describe it you can help me.
I want an account that doesn't affect my credit rating that my Dad can access. I'll put money in the account every month that we can both access- the idea being that we only get the money out if need it. And his bad credit does not affect my good credit!
An example of use would be we need to get some paint from the shop, my Dad can go down and get it but if the account runs out of money it doesn't make my credit rating look crap!
Not sure if this exists but hey, if you have any ideas please let me know!
0
Comments
-
Deleted post as I later realised my suggestions wouldn’t meet OP’s needs.1
-
Give him cash.
2 -
thundyuk said:Hi aallllll -
I'm kind of struggling with how to phrase this question really so ...maybe if I describe it you can help me.
I want an account that doesn't affect my credit rating that my Dad can access. I'll put money in the account every month that we can both access- the idea being that we only get the money out if need it. And his bad credit does not affect my good credit!
An example of use would be we need to get some paint from the shop, my Dad can go down and get it but if the account runs out of money it doesn't make my credit rating look crap!
Not sure if this exists but hey, if you have any ideas please let me know!2 -
Take a look at this thread about pre-paid cards - it looks like the recommendations may be what you are looking for.....
https://forums.moneysavingexpert.com/discussion/6391470/joint-prepaid-preloaded-card-for-monthly-shoppingI’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.4 -
I agree that a pre-paid card might be what you are looking for. I had one a few years ago when we were on our debt-free journey and I wanted to restrict spending.
I can't remember the one that I had but MSE has a few suggestions here. This Pockit one looks like it might be useful as you can have more than one cardholder, but bear in mind some prepaid cards don't let you withdraw cash and its worth being aware of the fees charged, so have a shop around.Mortgage 30 Jun'25. est. £209,749 £309,749
Equity: over 40% (aiming for 40% LTV before remortgaging);
Seven Goals; 12.5lbs lost in 4 months (5.5lbs to go); walk/run/exercising/weights/yoga2 -
If it were me I would open something like a starling bank account and set the overdraft slider to zero so it can't go overdrawn and give him the debit card. I would put money in it as was needed.
Yes there are those who will say that giving someone your debit card is against the rules which is probably is but they're not going to shoot you for buying a can of paint2 -
Another vote for a pre-paid card - which is not actually a bank account but can be used like one for spending.
And won't impact anyone's credit rating or create financial links.1 -
Is it always going to be the situation where you are giving him money? Or will there be situations where puts in money that you are going to spend? IMO the simplest way would be to just reimburse each other when one makes a purchase for the other using their own accounts, given you suggest it's likely to be an infrequent occurrence.Alternatively, could you consider setting up your father as an additional cardholder on an existing bank account/credit card that you hold?1
-
A Starling account with a connected card might suit you:
https://www.starlingbank.com/features/connected-shopping-card/
As PraiseTheSun says though, why not just transfer money between your existing accounts as and when you need it, making a transfer only takes a few seconds. I sometimes ask mu daughter to get things for me and I'll either reimburse her or transfer enough to her to cover it and she'll transfer back the difference.4 -
Assuming that his credit rating isn't so bad that no organisation will give him a basic bank account... Get him to open a new account which you can put some money into each month for him to spend. Keep your own money separate and do your own spending from your own accounts.
I'm not sure if there would actually be any benefit to having the account in both names.0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.7K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.4K Spending & Discounts
- 243.7K Work, Benefits & Business
- 598.4K Mortgages, Homes & Bills
- 176.8K Life & Family
- 256.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards