Compare joint current accounts

Compare these joint bank accounts if you pay bills, rent or a mortgage jointly with someone and want to track and manage your spending together.

9 results found, sorted by lowest account fee. How we order our comparisons.
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Switch to Santander and receive £130. T&Cs apply.
Santander Everyday Current Account
Account fee & requirements
No monthly fee
Arranged overdraft
39.94% EAR variable
Interest rate
0% AER
£130 cashback when you complete a full switch to a Santander Everyday Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum Investment£2,000,000
Minimum Age18 years
Permanent UK Resident
British Bank Awards: Best British Bank 2021 Winner
Starling Bank Current Account
Account fee & requirements
No monthly fee
Arranged overdraft
£8.54 buffer, then 15% EAR variable
Interest rate
0.05% AER (on up to £85,000)
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 15% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10.05%0.05%0.05%0.05%
£85,0010%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Barclays Bank Account
Account fee & requirements
No monthly fee
Arranged overdraft
£15 buffer, then 35% EAR variable
Interest rate
0% AER
A bank account with a contactless debit card. Track your spending and manage your accounts and payments easily using the Barclays app. You need to be 18 or over to access this product or service using the app. T&Cs apply.
Overdraft interest is waived on balances within the £15 buffer.
Representative Example: If you use an arranged overdraft of £1,200, you will be charged 35.0% EAR (variable). Representative APR: 35.0% (variable). Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
TSB Spend & Save
Account fee & requirements
No monthly fee
Arranged overdraft
39.9% EAR variable
Interest rate
0% AER
Earn up to £30 cashback - £5 per month for 6 months, making 30 debit card payments per calendar month (direct debits/withdrawals excluded)*. Saving Pots, Save the Pennies and Auto Balancer features.
UK residents only, 18+.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.9% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Receive £100 for switching. T&Cs apply.
First Direct 1st Account
Account fee & requirements
No monthly fee
Arranged overdraft
£250 interest free, then 39.9% EAR variable
Interest rate
0% AER
To qualify, switch using the Current Account Switch Service, deposit £1000 within 3 months of account opening.  New customers only that have not opened a HSBC account on or after 1 Jan 2018.
Representative Example: £250 interest and fee free overdraft, subject to status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 30.5%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
£100 to switch to Natwest + £50 if you stay. T&C's apply.
NatWest Select Account
Account fee & requirements
No monthly fee
Arranged overdraft
39.49% EAR variable
Interest rate
0% AER
Over 18s only and account eligibility criteria applies.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.49% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Switch to Santander and receive £130. T&Cs apply.
Santander 123 Lite Current Account
Account fee & requirements
£2 per month, pay in £500+ per month
Arranged overdraft
39.94% EAR variable
Interest rate
0% AER
£130 cashback when you complete a full switch to a Santander 123 Lite Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Minimum Monthly Credit£500
Permanent UK Resident
TSB Spend & Save Plus
Account fee & requirements
£3 per month
Arranged overdraft
£100 interest free, then 39.9% EAR variable
Interest rate
0% AER
Earn up to £60 cashback annually: £5 per month, ongoing with 30 debit card payments per calendar month on opening a new Spend & Save Plus account or changing an existing TSB account. Interest-free overdraft up to £100.
UK residents only, 18+.
Representative Example: £100 interest and fee free overdraft, subject to financial status. If you then use an arranged overdraft of £1,200 you will be charged 39.9% EAR variable. Representative APR: 40.1%.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Permanent UK Resident
Switch to Santander and receive £130. T&Cs apply.
Santander 123 Current Account
Account fee & requirements
£4 per month, pay in £500+ per month
Arranged overdraft
39.94% EAR variable
Interest rate
0.3% AER (on up to £20,000)
£130 cashback when you complete a full switch to a Santander 123 Current Account within 60 days, set up 2 Direct Debits, pay in £1,000 and log into Online or Mobile Banking. T&Cs apply.
You’re over 18 and live in the UK permanently.
Representative Example: If you use an arranged overdraft of £1,200 you will be charged 39.94% APR Representative/EAR variable. Subject to financial status.
Rate Tiers
Gross rateGross rateAER rateAER rate
Excluding bonusIncluding bonusExcluding bonusIncluding bonus
£10.3%0.3%0.3%0.3%
£20,0010%0%0%0%
Eligibility
Maximum AgeUnlimited
Maximum InvestmentUnlimited
Minimum Age18 years
Minimum Monthly Credit£500
Permanent UK Resident

Compare another type of current account

We are classed as a credit broker for consumer credit, not a lender.

Our services are provided at no cost to you. We may receive a commission from the companies we refer you to, but this does not affect what you will pay for the product you choose.

How does a joint bank account work?

A joint account is a bank account that can be opened in more than one person's name.

Most joint bank accounts are held by couples who live together, but you can open one with family, friends or a housemate. Typically, they're opened by two people but you can have more people on a joint account if you like.

All account holders can pay into or withdraw money from the same account. You can set up direct debits to pay rent, mortgage, council tax and utility bills. Each account holder can also all have a bank card.

Having a joint account can make it easier to track your spending, plus it can be a transparent way to manage your finances together.

What is the best joint bank account you can get?

Just like any current account, the best joint accounts come with different offers and benefits. You should look at these to help you find the best joint current account for you and your partner, family or friends.

The best joint account for you will depend on your situation. For example, it might be one with an arranged overdraft so there's always enough money in the account when direct debits are due. This could provide added protection in case one of you is late to pay their share of the mortgage or rent.

Compare features and find the best joint bank account that meets your specific needs. You can find out about the different features and types of current account here:

Here's some guidance on how to get the best joint current account for you.

How to open a joint bank account

Setting up a joint bank account can be done in person by visiting your chosen bank's branch. Alternatively, you can do it online, but you'll need to supply scanned copies of legal documents which things like your address, age and identity.

All account holders will need to have a permanent UK address. Some banks may also require all applicants to be at least 18 years old.

When you apply for a joint bank account you'll need to:

  • Decide who can make withdrawals. Some banks let you restrict transactions, so they have to be authorised by nominated joint account holders.

  • Submit documents for each applicant's proof of name. This can be something like a passport or driving licence.

  • Provide each applicant's proof of permanent address. Even if you all live at the same address, you'll need to show a utility bill, bank statement or something similar with each name on it.

When you open your joint bank account, you'll usually get access to online banking or an app. Each joint account holder will be able access the bank account in this way.

Read more on how to open a joint bank account

Can a joint bank account affect your credit rating?

When you open a joint bank account, your financial history becomes linked with the other account holders. That means it's important to think about what this could mean for your personal credit rating.

If you apply for credit in the future, lenders may also look at the credit report of the people you share a joint current account with.

So, if someone you share a bank account with has a poor credit history, you could be rejected for a credit card or loan, due to your association with them.

How to switch your joint bank account

You could move your joint account to a new bank using the Current Account Switch Service (CASS), which only takes seven working days.

Your new account has to be held in the same names as the old one if you're using the CASS. This means if you have a joint account with your partner, it could only be switched to another joint current account with them.

If you're ready to compare and find the best joint bank accounts for you, use the comparison table on this page.

What happens if you need to close a joint account?

If for some reason you no longer want to keep the joint account, you can close it. To do this, you'll need all account holders to agree - in writing - how the money in the account will be disbursed.

You can also choose to remove an account holder and turn it into a regular current account under a single name. This, too, requires all account holders to agree in writing.

What happens if you need to divide the money held in a joint bank account?

To split the money in an account, you'll need to all agree in writing on how the split should work.

If you're going through an acrimonious split from the other account holder(s), such as a divorce, some banks may freeze the account so that nobody can use it. The account is only unfrozen when an agreement is reached.

If the account holders can't come to an agreement, the matter has to be settled in court.

The courts would take into account your relationship and where you live. For example, if you're married or in a civil partnership, and you live in England or Wales, the funds would be shared equally. In contrast, if share the account with your housemates or a sibling, it's more likely that the funds would be divided up based on how much you contributed.

How to remove a joint holder

You can remove one or more people from a joint account and leave it in the name of the remaining account holders.

For example:

  • If you have an account with your partner, you could transfer it into just their name or yours

  • If you have an account with three housemates and one moves out, you could remove them from the account.

Banks need signed permission from everyone on the account to remove some. Some banks might ask for identification documents or for you to visit a branch to make the change.

Can I have a current account for myself, and a joint current account, with the same bank?

Yes, your bank will be happy for you to have two current accounts with them - one for yourself, and one joint account.

But, if you do, the bank can legally transfer money from your personal account to your joint one, to cover a debt in the joint account. They can only make the transfer from a personal account to a joint one, and not from a joint account to a personal one.

It's not something that happens often - it's only likely to happen if you've repeatedly ignored contact from your bank about the outstanding debt.

They'd give you 14 days' notice and they can only do it if it won't leave you in hardship.

What are the pros and cons of having a joint bank account?

As with most things, opening a joint bank account comes with pros and cons.

Some of the benefits of a joint account include:

  • Managing shared finances can be a lot easier if it's all in one bank account

  • You could earn more interest as you're likely to have more money in the account

  • You might think more carefully about how you spend 'spare' money in the account

  • You can use the joint account for all your necessary outgoings such as your mortgage or rent, bills and food. Then you can keep the rest of your wages for yourself and it's clearer how much is left to have fun with

  • It's a good way to avoid arguments and constant calculations about who owes what.

Some of the downsides - or risks - of having a joint account include:

  • They're a big commitment

  • All account holders have as much right to the money as each other - you can't really control or restrict access

  • If one of the account holders has a poor credit rating, this can impact your own credit rating

  • If the account went overdrawn because of the actions of one of the account holders, you'd all be liable

  • If things turned sour between the account holders, one person could withdraw the money if the account wasn't frozen quickly enough

  • If you and the other account holder(s) have a different attitude to money and spending style, this could lead to disagreements.

You can mitigate some of the risks in some instances, by setting up a restriction on the account. This could stipulate that all account holders have to give their permission for any spending. Not all accounts allow this, so talk to the bank about your options.

Does a joint account come with any financial protection?

Yes, money in a joint account is covered by the Financial Services Compensation Scheme (FSCS). The scheme offers protection on savings of up to £85,000, or £170,000 for a couple, per banking licence.

If you share your bank with more than one other person, you might get more cover. Check this carefully with your bank.

Joint bank account FAQs

Yes, joint accounts can come with overdrafts as long as the bank is willing to offer one to all who apply.

No, couples can take out a joint account whether they are married or not. You could also open an account with a friend or relative.

Yes, if an account offers features like a debit card or internet banking login, you will each get your own.

Yes, most banks let you to open a joint bank account with someone who does not live with you.

Yes, if you already have your own bank account or want to open one in your own name, you can have this alongside your joint bank account.

Yes, savings accounts can also be opened in joint names. You can compare savings accounts here.

About our current accounts comparison

Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from lenders regulated by the Financial Conduct Authority (FCA). Here is more information about How our website works.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

Last updated: 12 May, 2021

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