Joint account

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 of a joint account

  • 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 keep your own current account and open an additional TSB joint account, and move money between the two accounts easily
 

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.

 

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 withdrawals, use cash machines or apply for an overdraft without needing the other's approval
  • Both of you are responsible for any debts on the joint account, such as an overdraft, even if it was only one of you who withdrew the money
  • Credit reference agencies usually create a financial link between joint account holders, meaning each person’s financial affairs may affect the other 
 

Closing a joint account

To close a joint account, anyone on the account can write to us or visit us in a branch. If you want to take someone off the account, you will all need to agree in writing or visit us in a branch together.

Next Steps

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Switching is easy

We guarantee switching your current account to us will only take seven days.

  1. Choose to switch to us when you apply, or any time after
  2. Your finances are kept in one place keeping your life organised
  3. We will move all your incoming and outgoing payments for you such as your salary, Direct Debits and standing orders
 
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