Having a joint bank account can be a great option for couples, family members, or even close friends, who want to share part of their banking. It can help you organise and manage your money together, to better plan how and where you are spending.
However, before opening a joint account, it's important to ensure:
You fully trust the person you're opening it with, as the bank holds both parties liable for matters such as overspending and debt and any subsequent repayments.
You have discussed finances with each other, as both your credit scores will be assessed during your application and once you have a joint account, you will be co-scored. Co-scoring takes into account both parties' credit scores and can affect any future applications for credit you both make.