A Joint Account is simply a bank account in the name of two or more people. You can either convert your existing bank account into a joint account by adding someone else to it, or open a new account in two people's names.
Benefits
- Convenient way to share outgoings like shopping, bills, mortgage or rent payments
- You'll both get your own Visa debit card for payments and cash
- You can still keep your own current account and open an additional TSB joint account, and move money between the two accounts easily
Important things to remember
Along with the benefits of opening a joint account, there are also extra responsibilities. Here are a few things to consider:
- each person can make withdrawal, use cash machines or apply for an overdrafts without needing the other's approval
Apply for a joint account
You can open a joint account or add someone to your existing account at your nearest branch. You'll both need to go into a branch so that you can provide identification in person.