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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06-07-2013
06-07-2013
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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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19-01-2013
19-01-2013
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Understanding your rights if you have a second card on your account.
You don’t have to opt for his ‘n’ hers credit cards, but if you do, make sure you know who’s responsible for the bill.

You know what it’s like, you have a joint bank account, joint savings account, joint mortgage – so why not a joint credit card? Well, the main reason is that in the UK there’s no such thing as a joint account on a credit card. It’s different in other countries such as the United States, but here, there always has to be one person who signs the credit agreement, which means there’s one person who’s responsible for the bills - no matter who spends the money.

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21-09-2009
26-04-2012
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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.