Compare bank accounts for three or more people

There's no rule that says a joint account is just for two.

Many banks offer joint accounts for three or more people. You’ll each get your own debit card linked to the account, and there generally aren’t extra charges or fees for having several account holders. This guide focuses on personal currrent accounts. If you are looking to get a joint account for business purposes, see our guide on joint business bank accounts.

1 - 10 of 52
Name Product Ratings Account fees Funding requirement Interest (AER) Arranged overdraft Incentive Representative example Link
Bank Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
35.0% EAR (Variable)
Eligible for Barclays Blue Rewards.
Current account switch service guarantee badgeNo fees to open or use your account. Option to apply with a video selfie entirely on your phone with the Barclays app. You need to be 18 or over to access this product or service using the app. T&Cs apply. Arranged overdraft of up to £5,000. Overdrafts are subject to application, financial circumstances and borrowing history.
Representative example: If you use an arranged overdraft of £1,200, you’ll be charged interest at 35.0% EAR (variable), 35.0% APR Representative (variable)
View details
OFFER
Select Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.49% EAR variable
£175 cash offer when you switch using the Current Account Switching Service.
Current account switch service guarantee badge
Use the Current Account Switch Service to close your account held elsewhere and switch to NatWest by 5pm on 3rd November 2022. Pay in at least £1,250 and log into mobile banking before 16th December 2022. Offer T&C's apply. Account eligibility and app criteria apply. Apply online only.
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
Go to site
View details
OFFER
Select Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER
39.49% EAR variable
£175 cash offer when you switch using the Current Account Switching Service.
Current account switch service guarantee badge
Use the Current Account Switch Service to close your account held elsewhere and switch to Royal Bank by 5pm on 20th October 2022. Pay in at least £1.250 and log into mobile banking before 2nd December 2022. Offer T&Cs apply. Account eligibility and app criteria apply. Apply online only.
Representative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable.
Go to site
View details
Reward
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable
£175 for accounts switched using the Current Account Switch Service by 5pm 3.11.22.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable. Account fee of £2 per month.
Go to site
View details
Reward
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£2 per month
Min. £1250 Per Month
0% AER
39.49% EAR variable
£175 for accounts switched using the Current Account Switch Service by 20.10.22.
Current account switch service guarantee badgeRepresentative example: If you use an arranged overdraft of £1,200 you'll be charged interest at 39.49% EAR variable. Account fee of £2 per month.
Go to site
View details
OFFER
Student Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

Receive £80 in cash, plus a free 4-year tastecard membership which gives you 2 for 1 or 50% off your food bill at thousands of UK restaurants and discounts at the cinema.
Current account switch service guarantee badge
To receive £80 in cash and a free tastecard you will need to apply online, register for mobile or digital banking and choose to receive paperless statements within 30 days of opening your account. Offer ends 31/10/22, T&Cs apply. Overdraft subject to approval. To apply for an overdraft (subject to approval) you need to be 18+. You can apply if you are aged 17+ and are a UK Resident.
Go to site
View details
Finder Award
OFFER
Student Bank Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

Receive £100 when opening a Student Bank Account and make a minimum of 5 transactions within 30 days of opening.
Current account switch service guarantee badge
Offer available to first year students on a qualifying course who open one HSBC Student Bank on or after 16th June 2022 and make 5 debit card transactions within the 30 days from account opening. Account subject to status. Must be UK, Channel Island, or Isle of Man resident for 3 years+ currently resident in the UK. 18+ only. Further offer and account T&Cs apply.
Go to site
View details
OFFER
Student Account
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

Receive £80 in cash, plus a free 4-year tastecard membership which gives you 2 for 1 or 50% off your food bill at thousands of UK restaurants and discounts at the cinema.
Current account switch service guarantee badge
To receive £80 in cash and a free tastecard you will need to apply online, register for mobile or digital banking and choose to receive paperless statements within 30 days of opening your account. Offer ends 31/10/22, T&Cs apply. Overdraft subject to approval. To apply for an overdraft (subject to approval) you need to be 18+. You can apply if you are aged 17+ and are a UK Resident.
Go to site
View details
Foundation
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Current account switch service guarantee badge
View details
Foundation
Finder score
★★★★★
★★★★★
User survey
★★★★★
★★★★★
£0
No minimum funding requirement
0% AER

Free 24/7 Emergency Cash Service to withdraw up to £300 for online and telephone banking customers or £60 if not.
Current account switch service guarantee badge
View details
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Compare up to 4 providers

What is a joint account?

A joint bank account allows multiple joint account holders to deposit and withdraw money. Joint accounts most commonly have two account holders, but it is possible to have more. You can open a joint bank account with three, four or five people, or even more.

For current accounts, each account holder will have their own debit card that will let them make purchases and withdraw cash at ATMs. Each account holder will also be able to access the account online or via an app to transfer funds and keep an eye on transactions.

Joint bank accounts compared

BankAccount nameMax no. of account holdersCan you convert a sole to a joint account?Both-to-sign account?
Bank of ScotlandClassic Account3YesNo
BarclaysBarclays Bank Account4YesNo
Co-operative BankCurrent Account3YesNo
First Direct1st Account2YesNo
HalifaxCurrent Account2YesNo
HSBCAdvance Bank Account6YesNo
Lloyds BankClassic Account3YesNo
Metro BankCurrent Account2YesNo
Nationwide BSFlexDirect Current Account2YesNo
NatWestNatWest Select2YesNo
Royal Bank of ScotlandRoyal Bank Select2YesNo
SantanderSantander 123 Lite2YesNo
Starling BankStarling Personal2Yes (subject to eligibility criteria)No
TSBSpend & Save5YesNo
Virgin MoneyM Plus Account2NoNo

How do I compare accounts that allow multiple joint account holders?

If you want to open an account with two or more others, consider the following when comparing your options:

  • Account maintenance fees. Look for an account with low or no monthly account fees.
  • Transaction limits and fees. With several people accessing the account, there may be a lot more transactions than with a single account. Make sure you’re not charged any unnecessary transaction fees.
  • ATM withdrawal fees. Look for an account that offers fee-free ATM withdrawals, so you’re not hit with a fee each time one of the account holders withdraws some cash.
  • Easy online access. Check the account is easily accessible for everyone on the account, for example with an easy-to-use mobile banking app.
  • Number of linked debit cards. If more than two people need a linked debit card, make sure you’re not charged extra fees for the additional ones.

Pros and cons of having a joint account with multiple people

Pros

  • Easy money management. If you share a lot of expenses with a number of people, it can be easier if you all have access to the one bank account to manage them.
  • Transparent. Because you can all access the account online it’s easy to see who’s transferring or withdrawing money and for what.
  • Accessible in an emergency. With more than two joint holders, the account is accessible even if one of the account holders is unavailable.

Cons

  • Less secure. Other account holders can withdraw money without your consent.
  • Difficult to manage. With multiple individuals making deposits and withdrawals into your account you may find it difficult to keep track of the balance.
  • May impact your credit score. Opening a joint bank account can sometimes have a negative impact on your credit file, as the credit history of those you’ll be linked to via the joint account will be accessible to potential future lenders. If the people you’re opening the account with have had problems with repayments in the past, this can also impact on your creditworthiness.

How to open a mutiple-holder bank account

When you’ve selected an account from the table above, click “Go to site” to check that the account allows the number of people you want to share it with, then complete the online application process. Each account holder will need to provide personal information. Banks may also require you to verify your identity using a passport or driver’s licence. From time to time, banks often run switching offers that pay you to close down your old account and switch to a new one. This can also apply to joint bank accounts.

Common reasons for opening an account for multiple people

The need for more than two joint account holders most often arises in business situations, where partners, treasurers and other bookkeepers all need to be able to move money in and out of the account. In the case of youth accounts, it is not uncommon to find both parents listed as account holders as well as the child. This ensures that in the event that one parent is absent, the account is still accessible.

People also commonly open joint accounts with:

  • Roommates to pay for shared living expenses and rent
  • Business partners so multiple employees can make deposits and withdrawals (See our guide on joint business bank accounts)
  • Family members as an emergency fund
  • Friends to pay for an upcoming holiday
  • Romantic partners to combine finances

Who can close a multiple-holder bank account?

Generally, one person can close a joint bank account without the other’s permission. But some banks have stricter rules that require all joint owners to provide consent before closing. If you’re concerned about having the account closed without you knowing, look for a bank that requires all parties to close the account together.

Bottom line

While two is the most common number when it comes to joint accounts, most banks don’t have a rule preventing you from adding a third account holder. Compare savings accounts or current accounts to find one with the features you’re looking for before getting started.

Frequently asked questions

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