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    • MSE Naomi
    • By MSE Naomi 18th Jun 19, 5:47 PM
    • 325Posts
    • 73Thanks
    MSE Naomi
    MSE Poll: Do you have a joint bank account with your partner?
    • #1
    • 18th Jun 19, 5:47 PM
    MSE Poll: Do you have a joint bank account with your partner? 18th Jun 19 at 5:47 PM
    Poll started 18 June 2019
    Back in the day, the huge majority of (then married) couples had joint accounts. But what about now?

    If you're in a couple living together which of these is CLOSEST to your situation?

    Did you vote? Are you surprised at the results so far? Have your say below.

    If you haven't already, join the forum to reply.

Page 1
    • piglit21
    • By piglit21 19th Jun 19, 9:02 AM
    • 6 Posts
    • 4 Thanks
    • #2
    • 19th Jun 19, 9:02 AM
    • #2
    • 19th Jun 19, 9:02 AM
    I've been with my husband for over 20 years and our situation is possibly a little different to others. I work full time and earn the money, he does the harder job of being a full time Daddy but with no pay.

    We have a joint bank account for everything. I tell him repeatedly that since he's the one with the harder job, every penny I earn, he's earned (and more) and therefore should feel entitled to use it how he sees fit. What works really well for us however is that we have the same attitude to money, we like saving, paying off the mortgage and are bargain hunters so I trust him completely with every penny I've ever earned.
    • Melancholie
    • By Melancholie 19th Jun 19, 1:34 PM
    • 63 Posts
    • 30 Thanks
    • #3
    • 19th Jun 19, 1:34 PM
    • #3
    • 19th Jun 19, 1:34 PM
    We had separate finances initially as he came to the relationship with debt from his previous one and my score was perfect so he was keen not to adversely affect me. Now his score is sorted, we have a joint account for bills, savings, mortgage and a cashback credit card which is in his name but I'm a second cardholder for. We do also each have a separate current account, though, and at the moment a portion of our savings is in mine as I have a promotional interest rate on it which is significantly higher than the yield on our savings account.
    • NaughtiusMaximus
    • By NaughtiusMaximus 19th Jun 19, 2:30 PM
    • 2,179 Posts
    • 5,394 Thanks
    • #4
    • 19th Jun 19, 2:30 PM
    • #4
    • 19th Jun 19, 2:30 PM
    Yes, although it's in addition to our own personal accounts, not instead of.

    All joint regular monthly payments (mortgage, insurance, council tax, utilities, Sky) come out of the joint account and we both transfer a set amount each month into the joint account to cover them.

    All other expenditure comes from our own accounts and we don't have a joint credit card either.
    • Oxo1
    • By Oxo1 19th Jun 19, 6:54 PM
    • 13 Posts
    • 7 Thanks
    • #5
    • 19th Jun 19, 6:54 PM
    • #5
    • 19th Jun 19, 6:54 PM
    I was married for 20 years and always had separate accounts
    I've lived with my partner now for 20 years and we also have separate accounts
    We pay bills separately him some I others, fortunately we both work so it works for us.
    I would not want a joint account but its whatever works for the individuals
    • RikM
    • By RikM 20th Jun 19, 9:12 AM
    • 689 Posts
    • 402 Thanks
    • #6
    • 20th Jun 19, 9:12 AM
    • #6
    • 20th Jun 19, 9:12 AM
    I chose the "joint for bills" option as closest, but it's not really representative, as our joint account is the main one (but only joint account).
    We also keep savings accounts, and separate current accounts. But salaries etc all go through the joint one.
    • chloenightingale
    • By chloenightingale 21st Jun 19, 8:48 AM
    • 53 Posts
    • 44 Thanks
    • #7
    • 21st Jun 19, 8:48 AM
    • #7
    • 21st Jun 19, 8:48 AM
    Our accounts are separate, but we share all our money. (e.g. If one of us has a big purchase or is going to max out an ISA, we can transfer money from the other's accounts if necessary.)
    • becomiskey
    • By becomiskey 24th Jun 19, 6:44 PM
    • 3 Posts
    • 0 Thanks
    • #8
    • 24th Jun 19, 6:44 PM
    • #8
    • 24th Jun 19, 6:44 PM
    the Voting results are so interesting - such a shift in decision making - I thought us sharing everything in a joint account was a great idea, although a bit odd amongst our friends, but I now see that it's just an age thing!!!
    • unforeseen
    • By unforeseen 24th Jun 19, 7:25 PM
    • 4,307 Posts
    • 5,759 Thanks
    • #9
    • 24th Jun 19, 7:25 PM
    • #9
    • 24th Jun 19, 7:25 PM
    Married for 40 years. Joint account for everything from day 1.
    • JennyJukes
    • By JennyJukes 24th Jun 19, 8:27 PM
    • 274 Posts
    • 897 Thanks
    I do think having a joint account for bills and seperate account for personal use is the best idea.

    However, there needs to be some ground rules and both to be aware of what's going in and what's going out.

    Had a joint account with my ex that was only supposed to be for bills and grocery but he would occasionally use it then not replace the money. He also had a much more expensive taste than me which I sort of begrudged having to pay for when I wasn't eating any of it and he earned more than me (despite me working more hours). Finally, and most importantly, when we separated he took all the money from it even though there was clearly transactions showing half of it was deposited by me. Unfortunately, there's no proving whose money is whose and what the money is for, so nothing can be done if that happens.

    I have a partner but we don't live together. I earn and he's a student so separate bills and bank accounts. We don't really keep track of who pays what when we're together - we tend to take it in turns in a "you paid last time so I'm paying this time". Not sure yet the best option for when we do move in together - really don't want money to become an issue in this relationship. His parents are from a culture where the women don't work and the men provide so I think he would want to share our income or at least pay more (as he will definitely earn more) but that's a few years off.
    • arnoldy
    • By arnoldy 18th Jul 19, 8:12 PM
    • 98 Posts
    • 120 Thanks
    Married for 40 years. Joint account for everything from day 1.
    Originally posted by unforeseen

    Yes similar here (though nowhere near 40 years). Married so can not think of reasons to have seperate accounts.

    It s a joint life, you trust each other (?), its not your money or his/her money but joint surely?
    • Murphybear
    • By Murphybear 1st Aug 19, 9:32 AM
    • 5,210 Posts
    • 9,813 Thanks
    Were both in our 60s, been together for 23 years.

    Totally separate finances. Our income is from state plus works pensions and we take it in turn to buy shopping etc. He pays the regular bills, I pay the housing costs, it evens itself out.

    My first husband and I always had separate accounts as well.

    Maybe it’s a “me” thing.
    • Sea Shell
    • By Sea Shell 1st Aug 19, 9:51 AM
    • 2,948 Posts
    • 5,276 Thanks
    Sea Shell
    We have a main joint account for bills, but then everything else is in the best place for earning interest. As far as we're concerned it's all joint money...there is no mine v. yours.

    90% of spending goes on CC, paid off in full each month, except my stoozed balances.

    It works for us, but then we're on the same page financially, with a common goal.

    We don't do surprise presents!!!
    " That pound I saved yesterday, is a pound I don't have to earn tomorrow " JOB DONE!!
    This should now read "It's time to start digging up those Squirrelled Nuts"!!!
    • boomer69
    • By boomer69 8th Aug 19, 7:57 AM
    • 812 Posts
    • 1,527 Thanks
    We have two joint accounts, one is for the wife, she pays her own mobile bill (1.66/month) and gives a regular amount to a charity, the rest is for frittering.
    I have a TSB account for a bit of interest, and it pays a few DDs, then my joint account covers the majority of DDs SOs etc.
    The wife has never paid a bill and has no interest in our finances, our son has agreed to organize her finances if/when I snuff it.
    • unforeseen
    • By unforeseen 8th Aug 19, 11:49 AM
    • 4,307 Posts
    • 5,759 Thanks
    You are not really using them as joint accounts though
    • boomer69
    • By boomer69 8th Aug 19, 4:11 PM
    • 812 Posts
    • 1,527 Thanks
    You are not really using them as joint accounts though
    Originally posted by unforeseen

    We both have cards for both accounts and we both have cards for a joint credit card account, just that I do the admin, like she does the laundry.
    She knows where the bills go from and has online access, we also have a joint share dealing account, and individual ones too, she has never accessed those and has no idea what happens in them, she doesnt need/want to.
    But I'll humour you. We dont really have joint accounts, hope that works with HMRC.
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