19 votes
Accepted

A credit card for the two of us: apply together or get it on my own?

We want to be able to get two cards (related: is it difficult to ask the credit card issuer for two cards, even if the account belongs to one person?) with the best credit limits and perks. No, it's ...
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  • 48.4k
16 votes

Should I open a joint credit card account with my girlfriend? She can't get her own card

Instead of saying yes or no, I would suggest an alternative -- help her get a secured card in her name. They count as credit cards, they get reported to the credit bureaus, the amount doesn't need to ...
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  • 1,249
13 votes

A credit card for the two of us: apply together or get it on my own?

Since your credit score is much better than hers, you should apply for the credit card yourself alone to get the best chance of approval for your card of choice. Once you have the card, you can add ...
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13 votes

Depositing a check with both wife's and my name into my sole account

While I don't have a canonical answer to this question, I can share a couple of similar experiences. I've had this happen a few times whenever we vacate an apartment after the completion of our lease, ...
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  • 469
12 votes
Accepted

What things should I consider when getting a joint-mortgage?

The first and most important thing to consider is that this is a BUSINESS TRANSACTION, and needs to be treated as such. Nail down Absolutely All The Details, specifically including what happens if ...
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  • 31.8k
12 votes

What things should I consider when getting a joint-mortgage?

Your lack of numbers makes the question a difficult read. What I'm hearing is "I want a house requiring a mortgage 8X my income." This alone is enough to suggest it's a bad deal. On a personal note,...
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10 votes

What things should I consider when getting a joint-mortgage?

this seems like a bad idea. Example: You want to sell. He doesn't. But he doesn't have enough money to buy you out. What will you do? You might want to sell because you need money, you have to ...
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  • 403
9 votes
Accepted

Why doesn't the UK allow paying income tax as a couple, like the USA?

There's an absolutely fascinating history of independent taxation in the UK in this 1995 House of Commons research paper "Tax and Marriage". Some choice extracts below. Certainly income tax in the ...
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  • 3,349
7 votes
Accepted

Should a joint credit card be cancelled upon the death of the person named on the card?

I can't speak for the UK banks specifically, but in the US, oftentimes the name field is not a required field for verification purposes. So, it's possible that the charge did not even include the name ...
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  • 45.2k
7 votes

A credit card for the two of us: apply together or get it on my own?

Is it difficult to ask the credit card issuer for two cards, even if the account belongs to one person? You can most definitely get two cards for one account. People do it all the time. You just have ...
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  • 10.2k
7 votes

Can putting someone else as an authorized user on my credit cards hurt my credit score?

I think your question is about making someone else an authorized user on your credit card to help their credit score, but not giving them a physical card. Right? The other person would still be an ...
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  • 1,098
6 votes

Depositing a check with both wife's and my name into my sole account

Absolute worst case is that the bank notices this and puts a fraud alert on your account and locks it until you get it sorted. Although, the chance of this is essentially zero since no reasonable ...
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  • 7,998
5 votes
Accepted

Would there be issues with giving someone a gift out of a joint account if the total is over the annual limit per person?

The one that signs the check is the one that's giving the gift, and unless it is a spouse - gift splitting won't work. I suggest each of you to write a separate check. It would be even "cleaner" if ...
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  • 127k
5 votes

What things should I consider when getting a joint-mortgage?

It may clarify your thinking if you look at this as two transactions: You and your friend forming a partnership to invest in a property, You leasing the property from the partnership. I am an ...
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  • 3,087
5 votes

Can a check made out to 2 people be deposited into a non joint account?

The answer is: It depends... How has the check been made out? Three possible variations: Either party: Pay to the order of Mr. John Doe OR Mrs. Jane Doe Both parties: Pay to the order of Mr. ...
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  • 3,363
4 votes

writing check on joint account

If it is a joint account then you would have completed a signature card for the bank, which authorizes you to use the account as if it were your own. Many times, with joint accounts, the bank will ...
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4 votes

Legal right to ask for someone bank records UK

You might want to head on over to https://law.stackexchange.com/ and ask the same question. However from a personal finance perspective this kind of drama is somewhat common when someone is ...
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  • 74.9k
4 votes

joint savings account requiring three signatures

That would not be automatic. If the Account requires ALL [or Survivors] for withdrawal, upon death of one of the Signatories, there would some paperwork [death certificate, etc] that needs to be ...
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  • 56.5k
4 votes
Accepted

Does "community property" apply to day-to-day finances or only during a divorce?

From an article that discusses this issue: The law doesn't get involved unless and until you divorce. ... As far as the financial institution is concerned, your husband has no right to the money ...
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  • 28.1k
3 votes

Should a joint credit card be cancelled upon the death of the person named on the card?

(The following is based on my understanding, from my own experience of what my bank has told me. I assume it's true, but I haven't bothered to research it.) In the UK, there is no such thing as a "...
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  • 811
3 votes

Can I make a joint account in UK?

I'd strongly advise against this though as you'll create a connection on each of your Credit Reports to the other individual. If either of you have major debt problems down the line, you'll have to "...
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  • 755
3 votes

Can I make a joint account in UK?

I see no reason why not, I just opened a joint account with my partner and all we needed was proof of our address and some valid ID - driving licence/passport plus a utility bill worked for us. Of ...
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  • 1,052
3 votes

Joint bank account and taxes in UK

The details of any bank accounts are irrelevant. If you're self-employed, you submit your tax return to HMRC at some point after the end of tax year. HMRC then tell you how much tax you owe and when ...
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3 votes

What are the financial implications of merging my wife's bank and investment accounts with mine?

I'm also aware that if we decide to divorce ... joint accounts could pose problems. Washington is a Community Property state, so all the increases (through contributions, dividends/interest, capital ...
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  • 48.7k
3 votes

Why doesn't the UK allow paying income tax as a couple, like the USA?

It doesn't help in your specific case, but there is a limited ability to do this via the Marriage Allowance. From the link: You can benefit from Marriage Allowance if all the following apply: you’re ...
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2 votes

Joint Account Signatories

This is best answered by your Bank. Generally if it is not specifically mentioned "any two"; all signatories need to sign. Some rules from Arab Bank.
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  • 56.5k
2 votes

FBAR - Filer is Principal Joint Owner

"Principal Joint Owner" means the principal person with whom you share the account, not the owner who has the "most control" over the account. If the account has 2 joint owners (including yourself), ...
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