Childrens account with dual signatory

wilkif

My daughter has inherited some money after her father’s death. The insurance company require it to be put into an account with dual signatories - myself (mum) and my sister her auntie. It is not in trust. 

I cannot for the life of me find a childrens account that has this as an option.
Barclays who I bank with have stopped theirs. And Halifax who she already has an account with do not allow dual signatories. 

Is anyone aware of any accounts that we could use? 

Keep_pedalling

How old is your daughter? If she is a minor it needs to be held in trust. 

LHW99

Keep_pedalling said:

How old is your daughter? If she is a minor it needs to be held in trust. 

Although possibly a bare trust would do. It would need to be registered with HMRC, but doesn't need all the tax reporting of a full trust, although tax would still (potentially) be due. Your daughter's allowances would then be the relevant ones. Both adults could be put as controllers on the HMRC application.

AJ Bell allow children's bare trust S&S investment accounts, as do other platforms, but I don't know if any banks / BSs do

You could presumably use a short term money market fund (cash-like) within the account, if you don't want to use equity funds.

FrustratedPython

It may not need to be held in trust if it is a life insurance or pension based payout rather than left to her in a will?