Skip to content

Joint bank accounts

Open a joint bank account

  • Compare our best joint account offers


Compare current accounts from a range of providers

We'll do the hard part, so you don't have to. We work with leading current account providers to make managing your money simple

company logo for santander
company logo for virgin-money-new
company logo for hsbc-110
company logo for tsb-110
company logo for starling-3
company logo for fd-4
company logo for coop-3

Why compare joint bank accounts with MoneySuperMarket?

  • It's fast

    We find joint current accounts from a wide range of leading providers and we’ll show you the results instantly 

  • It's clear

    We highlight the joint current account’s key features upfront, such as overdraft, interest rates, bonuses and limit 

  • Apply online

    As soon as you’ve found the current account you want, you just need to click through to the provider and apply 

What is a joint bank account?

A joint account is a way of sharing a bank account between two or more people. This will usually be yourself and your partner or others you live with.

A joint current account can be a convenient way to manage your finances with someone else, especially if you have shared outgoings like rent, utility bills, or mortgage payments. If you’re looking to open joint bank accounts, it can feel complicated as there are so many different options with various perks and benefits.

When you compare current accounts with MoneySuperMarket, we’ll do the hard work for you. We can compare joint bank accounts from a broad range of providers, helping you find the solution that best suits you and your financial goals.

card image

How do joint bank accounts work?

If you’re considering opening a joint account, here are some things to consider:

  • Control of your finances

    With a joint account, both people can have their income paid into the account. You’ll both have joint access and be able to make debit card or contactless payments, as well as set up direct debits or standing orders

  • Separate spending

    You can choose to have a separate bank account for your personal spending and a joint account for shared household bills like your rent, mortgage payments, utility bills, and food shopping

  • Joint responsibility

    If your joint account goes overdrawn, each joint account holder is responsible for paying back the amount owed. This effectively means you could end up being responsible for payment of the other person’s debts

What do I need to set up a joint account online?

Here are the documents you’ll need when registering for your joint account online: 

  • Proof of identity

    The bank will need to know you are who you say you are. You can prove this with your passport or driver’s licence. 

  • Proof of address

    The bank needs to know where you live. You can verify your address with a utility bill or other bank statement. 

How to choose the best joint bank account

The best joint account for you will depend on your personal circumstances and financial goals. So before you apply, you’ll need to decide what bank account features are most important to you. Here are some of the key factors to consider when choosing a joint account:

  • Tick

    Access and convenience

    Most banks will let you access your joint current account through online banking. Alternatively, you can use their mobile banking app, where you’ll be able to see your balance and transactions at any time. You should also be able to set up standing orders or direct debits and transfer money to a savings account if you wanted to.  

  • Tick

    Rewards on your banking

    If you never go overdrawn, a joint account that pays cashback or rewards could suit you best. Some current accounts offer you cashback when you pay your bills or make certain transactions. Some banks offer a cash incentive when you switch, so this may be worth looking out for.

  • Tick

    To earn interest on your balance

    If your account is typically in credit (meaning you don’t go overdrawn), you may want a joint account that pays interest on your credit balance. Some joint accounts pay a better interest rate than savings accounts. But there are usually limits on the interest paid.

  • Tick

    To gain extra benefits

    You may prefer to open a joint account that comes with extra benefits, like travel and mobile phone insurance, which is known as a packaged account. And with a joint packaged account, both account holders should get the add-ons and you’ll only need to pay one fee   


Pros and cons of a joint bank account

Not sure if a joint account is the right option for you? Here are some potential advantages and disadvantages of joint bank accounts:

  • Tick


    • Easy-to-manage household finances  

    • If you decide on a joint packaged account, you’ll get extra benefits and only pay one account fee  

    • Earn more interest, as there’s often more money in a joint account than a sole account  

  • Cross


    • Your credit history will be linked to other account holders and could be negatively affected

    • You’ll be jointly responsible for arranged overdraft debt even if you didn’t spend it 

    • Must be able to trust the other account holder with your money

Can joint bank accounts affect my credit score?

When you open a joint account, the credit record of the other account holder will have an impact on your own score. So, if they have a history of bad credit or run into financial problems, it could affect your eligibility for credit further down the line. On the plus side, if they have a spotless credit record, it could make it easier for you to borrow money.

There are some simple steps you can take to improve your credit score, such as building your credit history and getting on the electoral roll. Looking to improve your credit score? Credit Monitor gives you insight into your credit rating, letting you know what you’re doing well and tips to improve your score.

credit score illustration
Emma Lunn

Our expert says


Joint bank accounts can be a great way for couples to manage their finances together. Some people will only have a joint account for the mortgage or rent and household bills (housemates might do this too), while other couples might combine all their finances. Either way, it’s vital to trust anyone you have a joint account with as you’ll be jointly and severally liable for any overdraft and your credit records will become linked.

- Emma Lunn, Author

How to compare joint bank accounts with MoneySuperMarket

We can take the hard work out of finding a joint current account to suit you.

  • Browse our providers

    Click through to search the market to find the best joint current account for your needs, including any cash incentives to switch

  • Filter and sort

    Use our handy filters to narrow down your options based on the type of current account you need

  • Click through to provider

    When you find the deal you want, click straight through to the provider to complete your application. Sit back while your new bank takes care of the switch

You don’t need to be married to open a joint bank account. You can open a joint account with any other person, from a partner to a housemate. However, both of you have to beat least 18 years old and live full-time in the UK.

With a joint account, the money in the account belongs to both joint-account holders. This means both account holders have the right to make withdrawals, transfer, or deposit money into the account. Bear in mind that they don’t need the permission of the other account holder to do this.

If the relationship breaks down or your housemates decide to go their separate ways, you may want to close the joint account. You can then divide the money between you, but the bank will need all account holders to agree – usually in writing. Alternatively, you could also change the account into one name only. Again, the bank would usually need the written permission of all parties.

If it’s a joint account with a partner and you’re struggling to communicate, either one of you can cancel the mandate. The account is then frozen so no one can use it, including you. The bank will only close the account when everyone agrees how to split the money. If you can’t reach an agreement, you may need to go to court for an agreement to be reached.

If an account holder passes away, the money in the joint account generally goes to the surviving person. In fact, many banks and lenders include a ‘rule of survivorship’ within their agreement, which states that the surviving owner has the right to take over the account. Bear in mind that the bank may ask for the death certificate before transferring the money to the surviving account holder.

In Scotland, things are slightly different. When a person dies, their share of funds won’t pass automatically to the surviving account owner. That said, when notified, the bank may still agree to let them continue to use and operate the account.

Yes, couples don’t have to be married to share a joint bank account. However, it is important to make sure that you know what your responsibilities are as a pair.

Be aware that if one of you overspends, you’ll both be accountable for the debt or any potential charges.

Yes, you’re free to have your own personal bank account, regardless of whether you have a joint one with somebody else. A personal bank account may be useful to keep your earnings separate, whereas a joint account can be handy for shared financial matters. You can set up a separate account with your current bank or pick another provider.

If you decide to use the same bank, you’ll be able to easily transfer money from your personal account to your joint one. However, you can’t automatically move funds from your joint account to your personal one, as the bank would need authorisation from the other owner first.

If you and the joint account holder are married to each other, then it’s assumed you both have equal right to the funds in the account – irrespective of how much you both put in. 


If you and the joint account holder aren’t married then things can become a bit complicated. If you both don’t use the account then you might not have a legal right to the money – unless you’re able to prove the account was made for both of you to us. 

If either of you withdraw more money than what’s in your joint current account and go into a negative balance, you’ll enter an arranged overdraft.  

MoneySuperMarket gives you lots of clever ways to save a lot, by doing very little.

  • Take control of your credit score by checking and improving it for free with Credit Monitor

  • Never overpay again with Energy Monitor, our energy monitoring service

  • Over 50 ways to Get Money Calm

So how do we make our money? In a nutshell, when you use us to buy a product, we get a reward from the company you’re buying from.

But you might have other questions. Do we provide access to all the companies operating in a given market? Do we have commercial relationships or ownership ties that might make us feature one company above another?

We commit to providing you with clear and informative answers on all points such as this, so we have gathered the relevant information on this page.