Brits keeping accounts secret from partners

More than seven million Britons keep a current account secret from their partner, it has been claimed.

According to Abbey Current Accounts, this applies to one in seven of the current accounts held in Britain.

The tactic is most common in the 25-34 year old age group, although instances of it occurred in every age range interviewed by the bank, Easier Finance reports.

There was also a roughly equal spread across the sexes, with an equal proportion of males and females admitting to holding a secret account.

Abbey said it was not surprised to find that so many people are secretive about their savings, as money is apparently the biggest cause of arguments between partners.

Citing research conducted by marriage counselling group Relate, the bank said that most money arguments are based on over-spending by one partner.

Steve Shore, head of banking at Abbey, said: “Whether or not you keep your actual account itself secret there are some things that you should always keep to yourself – never share your chip and pin with anyone – even if you share a joint account with someone.”

Apacs, the UK payments association, recently revealed that the introduction of chip and pin just over a year ago had led to a “substantial” fall in the level of card fraud being conducted in person – although admitted it may have fuelled a rise in online card fraud.

© Adfero Ltd

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