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joint bank account and wages

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  • 04-06-2015 7:56pm
    #1
    purplestar1986
    Registered Users Posts: 251 ✭✭


    Just opened a joint bank account with my other half and have to fill in a new form for work for my wages to go into this new account.

    Just wondering for "account name" should I put both our names or just mine? What's the worst that will happen if only one name is on the form?

    Thanks in advance

    Sinead


Comments

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    #2
    SCOOP 64
    Registered Users Posts: 5,231 ✭✭✭SCOOP 64


    Why not both names, you could both have debit cards.


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    #3
    AvonEnniskerry
    Registered Users Posts: 354 ✭✭AvonEnniskerry


    The account is in both names. But for your wages to go into that account just your name should be sufficient.

    Ie cheques etc paid out to yourselves needn't be in both names either. Again just the one name is sufficient


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    #4
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,045 Mod ✭✭✭✭Jim2007


    purplestar1986 wrote: »
    Just wondering for "account name" should I put both our names or just mine? What's the worst that will happen if only one name is on the form?

    A novel idea - why not provide the information as requested??? On the other hand if you are happy to deal with an foul ups and don't need the money on pay day, yes go a head and don't bother providing the correct account name and see what happens!


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    #5
    Nervous Wreck
    Closed Accounts Posts: 16,115 ✭✭✭✭Nervous Wreck


    Jim2007 wrote: »
    A novel idea - why not provide the information as requested??? On the other hand if you are happy to deal with an foul ups and don't need the money on pay day, yes go a head and don't bother providing the correct account name and see what happens!

    Nothing will happen. You can put Donald Duck as account name for all that it matters. Once they have the correct IBAN and BIC, all electronic payments will go through fine.


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    #6
    bilbot79
    Registered Users Posts: 1,981 ✭✭✭bilbot79


    Nervous Wreck wrote: »
    Nothing will happen. You can put Donald Duck as account name for all that it matters. Once they have the correct IBAN and BIC, all electronic payments will go through fine.

    This is not true


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    #7
    Mena
    Registered Users Posts: 3,180 ✭✭✭Mena


    bilbot79 wrote: »
    This is not true

    Actually, yes it is.


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    #8
    testicle
    Closed Accounts Posts: 5,430 ✭✭✭testicle


    bilbot79 wrote: »
    This is not true

    Of course it's true.


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    #9
    Jim2007
    Moderators, Business & Finance Moderators Posts: 10,045 Mod ✭✭✭✭Jim2007


    Nervous Wreck wrote: »
    Nothing will happen. You can put Donald Duck as account name for all that it matters. Once they have the correct IBAN and BIC, all electronic payments will go through fine.

    Better read the processing rules in a bit more detail then!


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    #10
    Mellor
    Registered Users Posts: 39,106 ✭✭✭✭Mellor


    Jim2007 wrote: »
    A novel idea - why not provide the information as requested??? On the other hand if you are happy to deal with an foul ups and don't need the money on pay day, yes go a head and don't bother providing the correct account name and see what happens!
    Jim2007 wrote: »
    Better read the processing rules in a bit more detail then!

    Are you suggesting the if the OP's employer pay his wages to "John Purplestar", instead of "John Purplestar & Mary Pinkstar", that the money won't go into his account?

    I my experience that's not true. I've been paid to my joint account in only my name, been paid into my own account with my name misspelled. I've been paid with my business name in the account field.

    The money will go to sort code & Acc numbers (or IBAN) entered


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    #11
    purplestar1986
    Registered Users Posts: 251 ✭✭purplestar1986


    Thanks for all your replies, I didn't think it would cause an argument but thank you all the same :-)


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