Study shows a third of people want banking independence from their partners

Mon, 12 Feb 2007

A third of banking customers without a partner admit they would not like to open a joint account when they find love, a new financing survey shows.

Research from Alliance & Leicester Current Accounts has found that 31 per cent of singletons would prefer to maintain separate banking accounts during their next relationship.

Meanwhile, 56 per cent of the survey's respondents assert that they would prefer to maintain a private account while also opening a joint banking account, possibly to enable partners to share mutual costs such as mortgage repayments and utilities bills.

Helen Palmer, current accounts manager at Alliance & Leicester, said that the survey reflects the desire of many people to retain banking independence during a relationship.

"It is no surprise to see that many people wish to maintain their financial independence," she said.

"It seems that money issues, whether discussing them or sharing them, remain an uncomfortable subject for many couples."

Banking customers looking to open a new account may be interested to know about the latest deals being offered by some financial services providers.

Both Halifax and Royal Bank of Scotland are offering £100 in credit to new banking customers who open one of their current accounts.

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