Seal it with a switch: Make your joint account work for you this Valentine’s Day

January 14, 2025

With Valentines’ Day approaching, couples across the UK will be taking time to reflect on and celebrate their relationship. With 6 in 10 couples in the UK managing their shared finances through a joint bank account, it’s worth taking a moment amidst the flowers, cards and chocolates, to make sure your account is still working for you both and your shared goals.

Whether you’re splitting bills, saving for a milestone, or just keeping day to day spend aligned, now is a great time to check if your account is giving you the best deal. With many current accounts now offering deals and incentives for switching, it could also pay a little extra this Valentine’s Day to consider switching.

John Dentry, Product Owner of the Current Account Switch Service at Pay.UK, shares some of the ways that switching your joint account could make this Valentine’s Day even better:

Cash incentive for a gift: Some banks offer switching bonuses, meaning you could get extra cash just for moving your joint account. Often ranging upwards of £100, this could cover a thoughtful present, or even just a nice meal out together.
Free cinema tickets for a date night: Certain accounts come with perks like free tickets, discounts on meals, or cashback. If you’re planning a date, see if your account has any offers you can use.
Better tools for managing your money together: Many current accounts have tools and features that can make life a little easier, whether that is through budgeting tools, savings features, or better customer service. If you find your bank account is causing more stress than ease, it may help to look elsewhere.
Easier access to your finances: The right joint account should make managing money together simple. Many banks now offer better online banking tools, allowing both of you to check balances, set savings goals, and track spending in real time – so you’re always on the same page.

John says: “Relationships are all about teamwork, and a joint account is a great way to manage shared finances. However, your bank account should be working in harmony with your shared goals and financial planning.

“We believe that it is always a good time to consider switching, but if there’s a better deal out there, switching now could mean more perks, better features, and even a bit of extra cash – just in time for Valentine’s Day.”

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