Banking customers hiding accounts from partners, financing study indicates

Thu, 15 Feb 2007

A new financing survey has revealed that thousands of people may be hiding banking details from their other halves.

According to an online reader survey by financial organisation The Motley Fool, one in 18 British people admit that they have bank accounts that are hidden from their partner.

Meanwhile, one in five confess to having lifeboat funds, which might be used in an emergency.

David Kuo, head of personal finance at The Motley Fool, commented on the findings.

"Today's couples face a host of challenges," he said.

"But just because they don't share their satin bed-sheets with people other than their partner, doesn't mean they shouldn't share their financial spreadsheets with each other."

Earlier this week, banking institution Alliance & Leicester Current Accounts published research into the banking preferences of singletons.

Some 31 per cent of people currently not in a relationship admitted that in their next relationship they would prefer to have a separate banking account.

However, 56 per cent would like to open a joint banking account while simultaneously holding on to their private account.

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