Financial secrets and lies

Cater Allen Private Bank has released new research that looks at the financial secrets of the UK’s spending population, as part of its survey into modern financial etiquette. 25 to 34 year olds are most likely to withhold financial details from their partners, with a secret stash of cash proving the most popular deception.

Those in Wales and the South West are the least likely to keep financial secrets from their partners, whilst those in Scotland and the South East of England are the most likely to lie about their salaries.

Scots are the least likely to open a joint bank account, and whilst men are more in favour of a dual account than women, one in ten of us think you should open an account with your partner as soon as you move in together.

Richard Dunn, Managing Director Cater Allen said: “As a traditional private bank, we have an extensive financial heritage to draw on. Since we were founded in 1816, financial etiquette has undoubtedly changed. While it has traditionally been considered bad manners to talk about money, this research shows that modern Britons are not comfortable with being upfront about their financial affairs too.

“Here at Cater Allen we combine traditional values of excellent customer service with the 21st century technology and backing of one of the world’s largest banks. With 24 hour Internet banking and dedicated account handling team we offer the best of modern and traditional banking.”