{"id":453022,"date":"2025-09-26T14:46:20","date_gmt":"2025-09-26T14:46:20","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/453022\/"},"modified":"2025-09-26T14:46:20","modified_gmt":"2025-09-26T14:46:20","slug":"almost-half-of-couples-think-joint-bank-accounts-are-outdated-as-financial-secrecy-grows","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/453022\/","title":{"rendered":"Almost half of couples think joint bank accounts are outdated as financial secrecy grows"},"content":{"rendered":"

By LUCY EVANS, MONEY REPORTER<\/a> <\/p>\n

Updated: 10:11 EDT, 26 September 2025 <\/p>\n

Roll back a few decades and a joint bank account was a given for most married couples.<\/p>\n

But now a ‘what’s mine is yours’ approach to handling money is falling out of favour as couples become more individualistic and secretive, new research reveals.<\/p>\n

Some 44 per cent of those in a long-term relationship think joint bank accounts are outdated, old fashioned and even sexist, according to wealth manager Moneyfarm.<\/p>\n

And three in ten long-term couples refuse to have one altogether.<\/p>\n

Reasons for snubbing a shared account include spend thrift partners (20 per cent) and desire for financial independence (32 per cent).<\/p>\n

Plus, 29 per cent insist that how they spend their money is of no concern to their partner and 13 per cent insist their partner has a terrible credit rating or too much debt to share an account with them.<\/p>\n

\"Three <\/p>\n

Three in ten couples refuse to have a joint bank account<\/p>\n

But a desire to guard financial secrets is one of the reasons for this soaring trend.<\/p>\n

Some 11 per cent don’t want their partner to know how much money they have.<\/p>\n

And almost half have a secret savings account stashed away that they don’t want their partner to know about.\u00a0<\/p>\n

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These secret savers have an average of \u00a319,800 hidden away, whether that’s to buy things behind their partner’s back or for a ‘rainy day’.<\/p>\n

Chris Rudden, head of investment consultants at Moneyfarm, says: ‘It’s interesting that so many couples are turning away from joint bank accounts which were once seen as a symbol of unity and trust.<\/p>\n

‘While financial independence is empowering, it’s crucial that this shift isn’t driven by secrecy or mistrust.\u00a0<\/p>\n

‘Choosing not to share finances should be a conscious decision rooted in mutual respect and transparency, not a way to hide spending habits or income.<\/p>\n

‘Financial secrecy is a red flag that undermines trust and can be deeply damaging to relationships.\u00a0<\/p>\n

‘Transparency builds the foundation for long-term financial wellbeing, helping couples work together toward financial stability and ultimately achieve their life goals.’<\/p>\n

Moneyfarm found two in five of those surveyed admit they have made a financial decision without consulting their other half \u2013 and one in ten regularly hide receipts from their partner to disguise their spending habits.<\/p>\n

And the secrets don’t stop there.<\/p>\n

As many as 15 percent of Brits tell their other half they earn less than they do in order to have more disposable income for shopping sprees.<\/p>\n

One in four go as far as to hide a pay rise so they can keep the extra cash for themselves.<\/p>\n

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\n Almost half of couples think joint bank accounts are outdated as financial secrecy grows<\/p>\n","protected":false},"excerpt":{"rendered":"By LUCY EVANS, MONEY REPORTER Updated: 10:11 EDT, 26 September 2025 Roll back a few decades and a…\n","protected":false},"author":2,"featured_media":453023,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3093],"tags":[51,474,1232,90082,2499,1283,16,15],"class_list":{"0":"post-453022","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-finance","10":"tag-money","11":"tag-moneysaving","12":"tag-personal-finance","13":"tag-thisismoney","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115271145676392433","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/453022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=453022"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/453022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/453023"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=453022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=453022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=453022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}