If you're thinking of sharing your finances with your partner, a joint bank account
could be a good choice. It can make it easier to keep track of your finances, and
allow you to budget better for expenses like bills, food and mortgage or rent payments.
If you'd both like some practical help with budgeting, getting the bills paid and
avoiding overspending, you could open a joint Personal Account with thinkmoney.
Our account is an alternative to a joint bank account. Alongside Direct Debits and
an online account management service, it also gives you access to our team of Money
Managers: they're there to help you and your partner keep on top of your money,
plan for the future together and make sure all your bills get paid on time.
For more on how our account works, click here.
Please wait while we process your application
If you're considering a joint account - or you already have one - you might have
a few questions. For example, what would happen to your account if one of you passed
When somebody dies, an 'administrator' or 'executor' will deal with that person's
estate - which includes property and money. They'll pay the deceased person's debts
and taxes, and distribute the money to those who are entitled to it.
When it comes to funds in a joint account, it's normally quite straightforward:
they simply belong to the surviving partner. This money isn't counted as part of
the deceased person's 'estate', so the administrator / executor does not need to
deal with it.
Once the account provider has seen the death certificate, they'll transfer the account
into the surviving account holder's name.
If the joint account is overdrawn, the account provider may simply leave this in
the name of the surviving account holder.
That's because getting a joint bank account shares any associated debt between both
partners, regardless of who actually ran up the debt - unless it states differently
in the contract. If one of the account holders dies, the responsibility will lie
with the other person.
Click the button to apply for an account.
If you close this message or continue browsing, we will take it that you consent