What your bank should do if you have a joint account and you split up - and why they may not
Beware - your bank may not know the rules or may not help you if you and your partner have a joint account and split up

If you and your partner have a joint account with an overdraft, a joint loan – or even a joint savings account – beware! Your bank may not do what it’s supposed to when you and your partner split up. I get regular emails and comments from women who’ve broken up with their partner and whose bank hasn’t been helpful – or worse – when they’ve asked what they can do to protect their finances.

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Understanding your rights if you have a second card on your account
If you have two credit cards on the same account, make sure you know who's responsible for paying the bill

If you have a credit card account, you may be able to have a second card on the account for your husband, wife or partner. It's sometimes called a 'secondary' card. If you have a second account, it's the person who has the credit card account who's still responsible for paying the bill. Make sure you know how it works.

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Over half of adults don’t know who’s responsible for debts on joint accounts
SavvyWoman’s research shows 61% of people didn’t know that either partner on a joint loan is responsible for the whole debt.

I regularly get emails from women who signed up to a joint bank account or a joint personal loan with their partner where the bank is pursuing them for the whole debt after the relationship has broken down. Or where their ex partner refuses to pay their share. So what are the rules and how can you protect your financial position?

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The material provided on this website is general information that is intended for general guidance and is not suitable for professional advice.
You should always obtain independent financial advice.