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Signatory vs joint account

Posted by Coralh Coralh
Message 1 of 2 86 Views

I’m just abit confused - if you add a signatory to an account does their name also then become the account name or is this only for a joint account? Ie can they too get paid into that account?

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Re: Signatory vs joint account

Posted by LyndsC LyndsC
Message 2 of 2 78 Views

Hi @Coralh, if you add a signatory they would have full access to the account, although the account name would remain the same so any funds transferred into the account would need to be sent in the account owners name. If you were to open a joint account, both names would then be on the account. Thanks!

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