HibiscusDreams Posted November 17, 2017 Share Posted November 17, 2017 I have a non-resident savings account with Bendigo (i'm still in UK), which is currently solely in my name. I'd like to add my fiancee to the account, but wondering if this is possible, given she's an Australian resident and I'm not? Quote Link to comment Share on other sites More sharing options...
Peach Posted November 17, 2017 Share Posted November 17, 2017 (edited) erm maybe ask the bank? Edited November 17, 2017 by Peach Quote Link to comment Share on other sites More sharing options...
HibiscusDreams Posted November 17, 2017 Author Share Posted November 17, 2017 I've tried emailing their customer services but no reply. Calling them is a real pain so before going down that road just wondered if anyone here had done something similar. Quote Link to comment Share on other sites More sharing options...
Guest Posted November 17, 2017 Share Posted November 17, 2017 They have a number to call if calling from overseas. I'd just get up early one morning or stay up late one night and give them a call. I'm not familiar with them as a bank. One of the smaller ones. If they don't accept it, perhaps consider opening an account with one of the bigger banks that do allow 2 people on the account while in different countries. Quote Link to comment Share on other sites More sharing options...
Ken Posted November 17, 2017 Share Posted November 17, 2017 (edited) Yes, it's possible in that you can have a joint account with a resident and a non-resident. Note that the interest will be split 50-50 from the date it becomes a joint account. On the non-resident's half 10% tax will be withheld and none on the resident's (provided the bank have their tax file number) so it will look on the statement as if 5% tax is being withheld. The resident tax payer will however have to put their 50% of the interest on their tax return and pay tax on it at the year end. You'll have to work out if that's in your best interest as a couple. PS. Just re read your original post and realise I need to ask: Are you sure your fiancée is a resident and not a non resident like you? I'm just thinking if you're living in the UK maybe she's an Australian living in the UK which would make her a non-resident too. Edited November 17, 2017 by Ken Added PS 1 Quote Link to comment Share on other sites More sharing options...
HibiscusDreams Posted November 17, 2017 Author Share Posted November 17, 2017 12 hours ago, Ken said: Yes, it's possible in that you can have a joint account with a resident and a non-resident. Note that the interest will be split 50-50 from the date it becomes a joint account. On the non-resident's half 10% tax will be withheld and none on the resident's (provided the bank have their tax file number) so it will look on the statement as if 5% tax is being withheld. The resident tax payer will however have to put their 50% of the interest on their tax return and pay tax on it at the year end. You'll have to work out if that's in your best interest as a couple. PS. Just re read your original post and realise I need to ask: Are you sure your fiancée is a resident and not a non resident like you? I'm just thinking if you're living in the UK maybe she's an Australian living in the UK which would make her a non-resident too. HI Ken, Thanks for that, really useful info - Yea, my fiancee is Aus resident, just got back from visiting a few weeks ago! Quote Link to comment Share on other sites More sharing options...
HibiscusDreams Posted November 19, 2017 Author Share Posted November 19, 2017 Just a head's up for anyone else following this. Called my bank (Bendigo) and it is not possible to do this unless you visit the branch in person to confirm A tad inconvenient. Quote Link to comment Share on other sites More sharing options...
Guest Posted November 20, 2017 Share Posted November 20, 2017 1 hour ago, HibiscusDreams said: Just a head's up for anyone else following this. Called my bank (Bendigo) and it is not possible to do this unless you visit the branch in person to confirm A tad inconvenient. I’d say that’s normal banking practice tbf. I’ve had to do the same in the past and sign paperwork etc along with the person being added. Plus ID etc is checked. Quote Link to comment Share on other sites More sharing options...
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