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Direct debit Joint Account
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Old 16-06-2007, 17:38   #1
Mike
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Direct debit Joint Account

Hi all

Does a DD on a joint account (LLoydsTSB) require both people to sign or can one account holder do it ???

Many thanks

Mike
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Old 16-06-2007, 17:49   #2
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Smile Re: Direct debit Joint Account

One person should be ok ive done it with mine no problems
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Old 16-06-2007, 17:54   #3
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Re: Direct debit Joint Account

One person is fine,i have the same set up only using Nationwides Flexaccount and on line banking.
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Old 16-06-2007, 18:44   #4
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Re: Direct debit Joint Account

It did it as part of changing gas and electric suppliers on uswitch. Was asked the question as part of giving my bank details !

Thanks

Mike
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Old 16-06-2007, 23:03   #5
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Re: Direct debit Joint Account

Quote:
Originally Posted by Mike View Post
Does a DD on a joint account (LLoydsTSB) require both people to sign or can one account holder do it ???
The answer depends on whether you have set up the account so that funds can be drawn out of the account with just one signature or whether both signatures are required. The simple answer is - If you can issue a cheque on one signature then you can sign a DD mandate on one signature.
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Old 18-06-2007, 12:00   #6
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Re: Direct debit Joint Account

Quote:
Originally Posted by paulw37 View Post
The answer depends on whether you have set up the account so that funds can be drawn out of the account with just one signature or whether both signatures are required. The simple answer is - If you can issue a cheque on one signature then you can sign a DD mandate on one signature.
Thanks Paul can't get much clearer

Mike
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