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Joint Bank Accounts

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  • 05-10-2006 3:04pm
    #1
    Baldie
    Registered Users Posts: 1,198 ✭✭✭


    What do people think about opening joint bank accounts with your partners? The reason I'm asking is because my girlfriend and I are buying a house soon, and I was thinking about setting up a joint bank account?

    Is this a good idea?


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    #2
    Ruu_Old
    Closed Accounts Posts: 36,634 ✭✭✭✭Ruu_Old


    Yep I would say its a good idea, it shows joint ownership of some of your assets and will show the lender than you have an active account for a down payment or for reserves.


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    #3
    Idleater
    Registered Users Posts: 6,236 ✭✭✭Idleater


    Baldie wrote:
    Is this a good idea?

    yes.

    As a suggestion, both DD the same amount per month into the joint account.

    Then use the Joint Account to pay all household bills - mortgage, phone, TV, food, new coffee table etc. You each keep your own finances in your own "normal" accounts.

    Get each person a laser card - it costs 2x€20 but it is worth it.

    Generally the account should run in a surplus which means you can go out for dinner out of it, or book flights from it etc. as a nice bonus.

    L.


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    #4
    Reyman
    Registered Users Posts: 1,297 ✭✭✭Reyman


    A good idea if you're buying shares too. Double the annual CGT allowance 2x€1270 means you can get some return on your lucky punts


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