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Joint account


Guest sav1

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Hi,

 

I am in the process of opening a joint account.

 

All the individuals involved have opened and funded individual accounts.

 

Can they transfer the funds from their individual account directly into the joint account once its opened?

 

Thanks,

Sav

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Hi  - that should be fine. As long as the accounts are all open, funded from the individuals bank account, and you have done the appropriate paperwork to link the two into an Ig 'Joint Account' then you should be able to do an inter account transfer. However there wouldn't be functionality to do this on a desktop, and you would need to give us a quick call. 

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Guest sav1

HI ,

 

One last question.

 

When the individuals deposit their funds into the joint account, do they have access to the account and can they withdraw their funds at any stage?

 

Thanks,

Sav

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 wrote:

HI ,

 

One last question.

 

When the individuals deposit their funds into the joint account, do they have access to the account and can they withdraw their funds at any stage?

Hi Sav - that's correct, as long as the appropriate AML and KYC checks have been passed, and the withdrawal falls into the other restrictions (e.g. max withdrawal of £20,000 a day back to a card etc).

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