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Barclays refused joint account as we live too far apart, is this normal?
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I don’t understand why your wife would be happy to have a joint bank account but not want to be her attorney. A LPA is the only way she should be involved in her aunts financial affairs.0
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Barclays do not have to offer any kind of account to a person with whom they don't want to do business.
That said, I knew somebody who had a joint Barclays account with an elderly parent - the pair lived sixty miles apart, one down in Surrey, the other in London.
All credits to the account were made by the mother - the offspring simply occasionally did some shopping/on line purchases etc on her behalf.
It was accepted that on death of either party, the account would fall under the control of the survivor but the funds in the account would be declared for IHT as the property solely of the deceased.0 -
Yes they meet all the Barclays criteria for account holders, the Aunt has multiple accounts, including investment accounts with Barclays which is why she would prefer not to switch banks.
My wife has an impeccable credit history and has held long term accounts with other banks.
As I said before it is the Aunts decision to make this day to day account a joint one, as they had no children she regards her niece, my wife as a daughter so is comfortable with this arrangement.
My wife has no other involvement with or wants to get involved in her Aunts financial affairs.
Steps are in place, and all papers lodged with the solicitors for when the day comes that she can no longer manage her affairs, until then she is quite happy doing her own thing.
It is precisely because of the Aunts decades-long relationship with the bank, a harmonious one, until now, that she is upset that this chap she has never seen before was abrupt and dismissive towards her, in short, he was rude, extremely rude.
This is why I am asking if anyone has knowledge of this happening before and seeking advice on the best way of raising a complaint about thisJust trying to live my life without the 'Sheriffs men' threatening to burn my hovel and enslave my family if I don't pay some ridiculous made up tax.0 -
Could it be that the man at the bank was concerned that the aunt was being scammed?
One of their elderly customers with lots of money invested with them arrives at the bank with a younger woman, who lives miles away and has a different surname, to open a joint account together. They might feel that it wasn't in the elderly customers best interest to go ahead with it.
Financial abuse of elderly relatives is sadly quite common and maybe something that banks keep an eye out for.Debt Free: 01/01/2020
Mortgage: 11/09/20240 -
It's not something simple such as by adding to your Aunt you would exceed the maximum number of current accounts you can hold with one bank. A lot of banks do restrict you to a certain number of current accounts either in sole or joint names.0
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The Aunt could opt to switch just the account she wanted to hold jointly with your wife.
If this is the one which has all the utility payments on it, perhaps a Natwest Rewards or Santander 123 account would do.
Your wife and the Aunt could open the joint account and then the Aunt could switch the account in question.0 -
Sounds odd to me, although maybe the person who said that the bank manager may be worried about a scam might have a point.
My late father and I opened a joint account (not with Barclays) with no problem. Admittedly he only lived 12 miles from me, and the account was just to cover any bills or expenses if he was away, or unwell. He had a Power of Attorney but we never needed to use it as the bank account was sufficient for our needs. Of course he had his own personal account, but we thought a joint account would be useful. He paid into it by standing order from his own bank account and it turned out to be particularly useful when, for example I had to start doing his shopping for him when he wasn't up to going to the supermarket. Much easier than using my money and then asking him to pay me back (which would have meant him writing me a cheque, and me faffing round to pay it in).
On a separate note, I have recently been researching banks in my role as hon treasurer of a small organisation, and I have found the main banks to have appalling customer service and for the most part, staff who aren't totally clued up on what the bank offers. And, of course, not all towns have all the banks any more.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
Try RBS/NatWest.
We had no problems whatsoever when converting accounts from single to joint names:
1. NatWest - my father lived in Somerset with the branch being officially in Cumbria and I lived in the South-East.
2. RBS - my partner's mother lived in Merseyside, the branch being local, and my partner also lived in the South-East.
Although we had old-style POAs in place at the time, I don't recall either being requested.0 -
I don't believe that either a joint account or POA is necessary or appropriate. What is needed here is a Third Party Mandate to allow your wife to operate the account but without the money in the account becoming jointly hers as it would were a joint account to be opened.0
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I don't believe that either a joint account or POA is necessary or appropriate. What is needed here is a Third Party Mandate to allow your wife to operate the account but without the money in the account becoming jointly hers as it would were a joint account to be opened.
you didn't read post 6 para 1?The questions that get the best answers are the questions that give most detail....0
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