Millions of Brits have ‘hidden’ bank accounts

Close to one in seven bank accounts are opened and used without the knowledge of loved ones, according to new research commissioned by financial services firm Abbey.

Furthermore, the latest study from Abbey suggests that around three-quarters of Brits find money-related or debt management matters the most difficult issues to discuss openly with their partners.

Steve Shore, head of banking at Abbey, said: “Whether or not you keep your actual account itself secret there are some things that you should always keep to yourself.

“Never share your chip and pin with anyone – even if you share a joint account with someone – and don’t ever quote all your security details over the phone.”

According to figures from nationwide not-for-profit organisation Credit Action, the total amount of personal debt in the UK amounted to more than £1,310 billion by the end of February this year.

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