Current accounts

Boudica

Hi everyone...wondering if someone could help me out here please.

I have just finished doing a full financial review of my money and I want to change they way I bank. I've got a bit bogged down and confused so need some points sorting out.

1. I need to have a current account for the food money to go into. I need a debit card and no overdraft facility.

2. I need a separate account for another set of money to be pain in and form my bills to come out of. Again, no overdraft facility.

3. I need to have 2 separate savings accounts for 2 different sets of money to be paid in for long term saving plan. I already have an ISA this year so can't go down that route.

Hope someone can help cos I seem to have got so confused while researching this. This is a major re-structure for me on the road to being debt free. I have already managed to pay off 2 debts copletely with the overdraft going in the next 3 months.

Can anyone help please.....my heads cabbaged with it all

CLAPTON

depends upon the details

having two separate banks mean you need a float in both rather than only one

having savings when you have debts is generally bad news unless you are earning more in interest on your savings than you're paying on your debts.

Barneysmom

Wouldn't one of the big banksd help Lloyds TSB are great at helping.
pop in and see them, take a wad of i.d with you?
Might be better to phone and make an appointment?
I use hubby's account just for saving (never get very far though;) )

Jonny0000

If you go to your current bank they should offer a range of free current account options that you will be able to open up.

HSBC provide a free current account, as do Barclays, Lloyds and First Direct. If you look into other reputable banks I am sure they will have a suitable option.

If you stay with the same bank it will be easy to transfer money between the accounts each month as well.