Joint bank accounts ‘can provide a happy future’

Advice to help those in relationships with their bank account management has been issued by the Cheshire Building Society, just ahead of Valentine’s Day.

The tips encourage consumers to open joint bank accounts, which the company says can help couples to save towards a common goal if monthly contributions are agreed in advance.

Emotional advice is also given, such as ensuring open communication between couples regarding finances and understanding personality differences could affect the attitude of a partner towards savings.

However, those considering sharing a bank account with a partner may be interested in findings from cahoot, which showed that 2.2 million Brits finished their previous relationship because of money-based issues.

The findings, reported by Abbey, also showed that a healthy bank account was more important to older people looking for love, with 14 per cent of those over the age of 65 looking for someone in a comfortable financial position.

© Adfero Ltd

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