Many couples these days think it is best to have separate bank accounts. Find out why below.

Do you have your own bank account separate to that of your partners?

My Husband and I have a primary joint bank account which we use to pay the mortgage and other expenses but I have always been adamant that I want my own bank account for ‘just in case’.

It seems we are not alone

In a recent discussion we discovered that many couples do something similar and feel it definitely works best.

In our Facebook poll with over 1400 votes 70% said YES they have their own bank account.

Kelly shared, ” My mum opened a bank account for me when I was a kid, I still have the same account. I also got access to my partners accounts.”

Mimi said, “We have spoken about getting joint accounts, but honestly I prefer having them separate. We have no issue with using each other’s accounts when needed and are very open with it. I find it easier for me to keep track of everything going in and out..”

Nadia admitted, “Own accounts, but both know each others pins, and it’s all OUR money.”

Michelle said, “I have my own account and have done so since we were married.”

Rachel shared, “We have joint accounts where all our incomes go and all expenses come out of and we have a private acc each that gets an ‘allowance’ paid through from the joint acc each week so we have our own money for personal use too.”

Emily said, “We have a joint savings account, a joint account to pay the bills from, and our own personal regular accounts
We mainly buy each other gifts from our personal accounts, otherwise they’re always empty haha.”

Dani shared, “Each having a seperate ‘just in case’ account and maybe credit card, is a good idea. If something happens and one you dies, joint accounts/credit cards can be frozen!!”

Jennifer shared, ” I used to administer bankrupt estates and I saw so many cases of 1 of the couple running up huge debts, not paying the mortgage etc which sent the innocent one on the street. Sadly if there were children too this could’ve be avoided by separate accounts. Definitely do separate accounts. My ex spent all our money on his personal doings didn’t pay the mortgage. Thankfully i had my own account. Saved me and my kids.”

Do you do the same or not? Tell us why or why not in the comments below.


  • wow I went the joint account route and it worked

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  • We have just one joint account. All money goes in and out of that account. It just works out to be the best because I make all the transactions, pay bills, transfer money to our savings account, etc. The savings account is never used unless in emergency.

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  • good idea

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  • We have separate accounts. However it’s both our moneys. We have no issue transferring each other money when needed. It works well for us

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  • I don’t have a payed job, we have a joint account and I don’t have a problem with it.
    I still have my old bank account in the Netherlands with a little, but no money coming in there only out ;)

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  • I like to save money so we keep separate accounts. My account is our savings, his account pays the mortgage and bills. I don’t have an income so he puts money in my account each month and uses his account for majority of our expenses. Works for us because he doesn’t save as well as I do. It is all OUR money, we just keep it separate to make sure we save.

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  • Hubby and I got a joint account early on to transfer our money into for bills to be paid from. Over time, we ended up just using the joint as our primary account and closed our personal accounts. Hubby does have a separate account, but it’s for the business, so any funds that are in there, go back into the business currently. We’ve been doing it for 11+ years now, so I think we just got used to it and if we intend on spending more than $100 outside of budget, then we let the other know first, so the account always have necessary funds for expenses.

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  • If you are defacto or married and one partner racks up a debt, it affects the other’s credit rating and they also take on the debt. Likewise mortgages are generally in joint names, so the bank/mortgagee can foreclose on the property. If you don’t trust each other enough to see each other’s bank accounts and expenditure, there may be a bigger issue at hand.

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  • I’ve never had this issue but id assume you would want some privacy in a marriage

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  • We have separate bank accounts but pay for everything together. Only the mortgage is in both our names.

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  • My partner and I have been discussing a joint account but will still keep our separate accounts. We have access to each other’s funds when needed.

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  • We just have a joint account and never had a problem with that.

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