Joint Signatory Accounts

Alifats

Does anyone know of an bank that offers a joint  account that both holders have to sign for withdrawals . Personal accounts and not a club account

elsien

Probable very few since the advent of online banking, and the ending of cheque books. 

Looking at the RBS website as an example you set up the joint current account and then change the instruction so it needs both of you. This removes the ability to use telephone mobile or Internet banking and you can’t have a debit card.
Other banks may do similar. 

Were you looking for a current or savings account? 

retiredbanker1

As above banks could offer it but because they are expensive to run and the potential liability if one signatory manages to withdraw funds they will not.

xylophone

Cousins have a "both to sign" at Lloyds. There is no internet banking available to either party.

retiredbanker1

xylophone said:

Cousins have a "both to sign" at Lloyds. There is no internet banking available to either party.

I bet that is a very old account - I don't think they would open a personal account like that these days.

Alifats

Well if it is the case that banks don't offer the facility it is madness I probably will need a cheque based one as I can appreciate that online banking would not work

Alifats

Thank you for your input it seems that Lloyds do still offer this option. Which is great. That has saved me calling endless banks 

retiredbanker1

Alifats said:

Thank you for your input it seems that Lloyds do still offer this option. Which is great. That has saved me calling endless banks 

Is that an assumption about the 'old cousins' ?- if so good luck with trying to open an account.

xylophone

Is that an assumption about the 'old cousins'

The cousins  (through  a marriage, so more friends really) are brothers required by court order to operate the account in this way. 

It was set up a few years back following some contention over a will regarding a late executor of an executor.

It is just a standard account to which certain payments are made and from which payments are made by cheques signed by both.

retiredbanker1

xylophone said:

Is that an assumption about the 'old cousins'

The cousins  (through  a marriage, so more friends really) are brothers required by court order to operate the account in this way. 

It was set up a few years back following some contention over a will regarding a late executor of an executor.

It is just a standard account to which certain payments are made and from which payments are made by cheques signed by both.

My reply was to Alifats - sorry to cause confusion.