At some point, it gets frustrating to send money back and forth between accounts. Especially when you share the bills and daily expenses with your partner or a family member. If you feel it, try opening a shared bank account in the UK. Read this joint account comparison for the UK and find the best option.
What is a shared bank account in the UK?
Monzo
NatWest
Starling
HSBC
Santander
FAQ — joint accounts in the UK
What is a shared bank account in the UK?
A joint bank account is a bank account (what a surprise) shared by two or more people. Let’s assume you and your partner decide to open a joint bank account online. When it’s complete, you’ll have equal access to managing it:
- paying,
- withdrawing,
- depositing.
Additionally, you can open a joint savings account online or offline. Then, you’ll also be able to save money on your common goals together. See how your loved one works hard to add money to your shared account, stay motivated and make that trip out of your chat!
With equal access comes responsibility. You both will be in charge of managing overdrafts. Plus, their credit history may affect your financial profile and vice versa.
If you have moved to the UK and your family is still in your home country, you cannot open a joint bank account online or offline. To support them financially, send money fast and without overpaying with Profee online international transfers.
Now, let’s move on to the joint account comparison for the UK. We’ve found the five best joint bank accounts in the UK; it's time to explore them.
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Best bank for joint accounts in the UK #1: Monzo
Monzo is a British online bank, meaning it has no offices, faster processing times and a digital-only support. Here’s what you should know about this best shared bank account in the UK:
| Category | Details |
|---|---|
| Age | For clients over 18 years old. |
| Requirements |
|
| Documents | Passports, driving licences, national ID cards, and biometric residence permits are accepted. |
| Account switch | If you already have a shared bank account in the UK, you can switch it to Monzo. |
| No-fee joint account | No monthly payments or minimum balance. Use the shared account for free. No foreign transaction fees – ideal for travelling. |
| Savings | 3.25% AER with no minimum deposit. Best for joint savings. Each owner can access part of the savings – trust is essential. |
| Physical cards | Cards arrive within several days. Each owner gets their own debit card. |
The next institution with the best joint bank accounts in the UK is NatWest.
Explore: Best credit cards in the UK.
Best bank for joint accounts in the UK #2: NatWest
NatWest is a UK-based retail and commercial bank with a long history. If you’re looking for the best shared account in the UK, check what NatWest is offering.
| Category | Details |
|---|---|
| Age | Both owners must be 18 years old or older. |
| Requirements |
|
| Documents | Uploading an ID is a must. Additionally, proof of address and other extra documents may be requested. |
| Account switch | You can switch your current account elsewhere to NatWest and receive £175 when meeting all the requirements. An offer worth the best bank for joint accounts in the UK. |
| Fees |
|
| Savings | The AER starts at 1.15% and grows up to 2.55% when you top up more money. No limitations on usage — spend when you want. |
| Physical cards | A contactless bank card will be given to every owner. |
Taking this opportunity to mention again that you should open shared accounts with someone you have known for years and have a common future with. If your new roommate asks to do it, maybe it's better to refuse and keep your money safe.
Best bank for joint accounts in the UK #3: Starling Bank
The next best shared bank in the UK on our list is the one of Starling.
| Category | Details |
|---|---|
| Age | Both owners must be over 18 years old. |
| Requirements |
|
| Documents | ID (passports, EU identity cards, or UK driving licences). May also require utility bills, tax bills, account statements or other proof of identity, address, and financial stability. |
| Account switch | You can easily switch from your old bank to Starling. |
| Fees | No monthly fees. No extra charges abroad — great for travellers. |
| Savings | Currently, joint savings accounts are not available online or offline. |
| Physical cards | Debit Mastercard automatically issued to both owners. |
| Extras |
|
There are also some extra features like low balance warnings, spending insights, bills manager and joint spaces. It’s perfect for budget planning and having control over your finances. We’ve also got some tips for you on budget management:
- Boost your budget planning with these AI costs.
- Budget planning for digital nomads.
- Saving money on groceries.
You can save more without losing the comfort — we prove it in the articles above.
Best bank for joint accounts in the UK #4: HSBC
| Category | Details |
|---|---|
| Age | 18 years and over |
| Requirements | Living in the UK or the EU |
| Documents | Proof of identification and address |
| Account switch | You can switch accounts to HSBC online |
| Fees | No monthly fees for normal use. Additional charges may apply if certain limits (e.g. ATM withdrawals) are exceeded |
| Savings | Joint options include Flexible Saver, Regular Saver, and Fixed Rate Savings accounts. Procedure may require direct contact with the bank |
| Physical cards | Each account holder will receive a debit card |
HSBC isn’t a fully digital bank, so depending on your request, you might find yourself trading screen time for face time at a local branch.
Read more: ATMs in the UK.
Best bank for joint accounts in the UK #5: Santander
There are four types of accounts that you can open together with someone. Their opening process and details vary, so we’ll concentrate on the everyday current account.
| Category | Details |
|---|---|
| Age | For clients over 18 years old. |
| Requirements | Staying in the UK permanently. |
| Documents | ID and proof of address. |
| Account switch | You can switch to this account and get 180 GBP when meeting all the requirements. |
| Fees | Open an account without fees and don’t pay them at all when staying within the limits. |
| Savings | Various types with AER up to 6%. The best bank for joint savings accounts in terms of flexibility. |
| Physical cards | Both of the owners will be granted a physical debit card. |
In short, this joint current account offers a flexible and rewarding way to manage shared finances, whether saving together or simply splitting everyday expenses.
Choose the best shared bank account in the UK that speaks to you. Each one is unique, but they all share a common goal: helping you lighten the financial load for someone you care about.
FAQ — joint accounts in the UK
Which bank is best for a joint account in the UK?
Try Monzo, NatWest, Starling, HSBC or Santander
What are the disadvantages of a joint account in the UK?
- Your credit score will be affected by the joined party.
- You trust another person with your money, and it’s always a risk.
- Later, it can be used for manipulation.
However, if you trust a person and know that they are honest and respectful, opening a joint account is very convenient.
What are the rules for joint accounts?
The main rule is that you’re going to have equal access to funds, as well as equal responsibility for it.
Is it illegal to withdraw money from a joint account in the UK?
Usually, it’s not considered illegal.
What are the requirements for a joint account in the UK?
Being a UK resident over 18 years old.
How to send money from the UK back home?
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