Joint account prerequisites

Help
1

Hi all!

Another joint account question.

Does my partner need a current account with Monzo before he can get a joint account?

I have an account with Monzo. He does not.

Many thanks!

2

Yes.

4

Also impressed that all the cool people are on Monzo community on a Friday night (and Valentineā€™s day) :rofl::rofl::rofl:

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5

Thereā€™s no cool people here!

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6

Sadly thatā€™s put him off. He only wants 1 more account, not another two. Thanks for both answers, I guess we are off to look at different banks! :confused:

7

Starling, Monzo and Revolut all require a personal account before a joint account.

With Starling, you can close the personal account after, without it closing your joint account.

Your high street alts sometimes require one to have or make a joint account first then add the second account holder.

Depending who your partner is with, or who you have other accounts, just give them a call.

8

Starling are another one that might knock you back for no apparent reason.

9

He doesnā€™t write an essay for every post :wink:

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10

That sounds like an odd thing to be put off by.

Judging off people on here. The more bank accounts the better :sweat_smile:

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11

And to be fair, despite the whole ā€˜joint account parityā€™ issues Monzo does a fairly good job of integrating both accounts so that it only ā€˜feelsā€™ like one account.

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12

Well he already has 4ā€¦ So I think itā€™s fair. :woman_shrugging:t2:

I canā€™t seem to find anywhere that has compared all the joint accounts as to whether they need you to both have an account or whether one of you can. And what benefits there are.

However thatā€™s my research that I will now be doing today!

14

Thanks.
We donā€™t mind doing a joint account from one of us already having a current bank account (between us we have about 8 different accounts in different banks haha)
But we donā€™t want to open another current account and also have to open a joint account on top. We have limits!
So Iā€™m off to the research books. :face_with_monocle:

15

Any specific reason?

16

Frustratingly you repeated what rebels said and here what Iā€™ve said.

Please read the posted comments before adding your own.

Bad bot x

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18

Who you calling a rebel bruv

19

Fight me x

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21

Donā€™t think thatā€™s necessarily the case. The vast majority of high street banks will let you open a new joint account whether either of you bank with them already or not. Weā€™ve had various joint accounts before with high street banks where neither of us hold a sole account

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22

Actually most of them donā€™t seem to. Iā€™ve been searching a lot online. Most of them say either both or at least one need a current account with them.

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23

Oh really thatā€™s interesting. From a Quick Look it seemed like HSBC, Nationwide, Barclays, Santander do, couldnā€™t see anywhere it said you needed a sole account first. NatWest does seem to require it though. Lloyds seem to need you both to be existing customers to do it online but otherwise you can do it in branch

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24

Yeah so Iā€™ve come across Santander and looking at that route. Especially later on I would like to get some perks for the bills.

However Chase doesnā€™t do joint accounts, Monzo needs you both to have accounts, Lloyds needs one to have an account, Starling needs both to have a current account, as youā€™ve said Natwest and Lloyds as well (lol what is ā€œin branchā€ anymore! /s). I think there were more but Iā€™m starting to feel cross eyed from going back and forth on these.

Some seem to say start up personal account first and then change to joint account which is fine but itā€™s being a long slog trying to read through to just check whether I can set up an account without needing a current one already.

Some of them also need minimum amounts put in, which we arenā€™t in a position to do yet (moving soon but not yet from our respective homes into one)