Setting Up Joint Bank Account

Your own individual debit cards.

Setting up joint bank account. Both account holders must be aged 18 or over. Under 19 and student accounts can t be made into a joint accounts. If there are more than two names on the joint account the financial protection may extend further but you should check the terms and conditions with the bank or building society. If you already have an account you can add or remove account holders by making an appointment at your local branch.

A joint bank account will do this for you. If this is your first account with us select i have none of the above and fill up your account application details. Joint accounts are covered by the financial services compensation scheme fscs which guarantees savings up to 85 000 or 170 000 for a couple for each authorised bank or building society. Our reward current accounts earn 4 a month back in rewards for 2 or more direct debits 2 of those direct debits needs to be at least 2 each.

Natwest select our basic everyday banking account with the features you d expect from a standard account and no fee. The money in a joint account belongs to both of you. You ll each have a debit card for spending and be able to take money out. Manage collective household expenses like bills and rent or save up for something big however you feel like using it our joint account is designed to simplify shared spending.

If you have any doubts about whether to set up a joint account don t do it. Both account holders get a visa debit card and separately set up and manage internet banking. Choose an account from the table below and click apply now to apply for a personal joint alternate account. Joint bank accounts are great for couples or good friends who share financial commitments from time to time.

Joint bank accounts the pros and cons. Instead you can choose to have separate bank accounts for your personal spending and open a joint one for household bills such as your rent or mortgage utility bills and the weekly shop. Both people named on the account are individually and jointly responsible for any debts on the joint account. You don t need a joint account if you simply want to split everything 50 50 for example.

If you choose this option it s a good idea to agree in advance how much you re each going to pay in each month and set some ground rules about what you ll use the account for. Please be aware of the following. You can open a joint bank account with any of our current account products excluding student and adapt child accounts. Keep in mind the following.

With a joint account you will both have. Both account holders must be aged 18 or over. How to add or remove a joint account holder. A straightforward way of sharing money and managing living costs such as bills and mortgage or rent payments.

If the relationship breaks down either of you can request to freeze the account. Retrieve your details via myinfo using your singpass id and password for hassle free form filling documents required for account opening. Use of any benefits and features that come with the account.