Multiple Online Accounts Advice Needed

thegoldenvision

Hi all,
I am currently looking at the 'piggybanking' technique featured on this site, as I feel it the the one that will finally get me taking control of my runaway debts.

I currently bank with First Direct and as helpful as they are they were very dismissive of the idea of opening multiple accounts. Although they wouldn't refuse to do it they wanted to know exactly why and gave me lots of alternatives.

I have seen people mention on here that they have multiple eaccounts and savings accounts. Any ideas which is the best provider for doing piggybanking.

Any advice would be greatly appreciated as I can see me getting fed up with it soon and slipping into my old ways.

Lokolo

Most people do it with different providers and use excel for their piggy banking.

jennifernil

You can have several websavers with Halifax, and Intelligent Finance (also part of HBOS) do different savings "jars".

thegoldenvision

Thanks for the pointers

johnllew

If you have several online accounts, an easy way of keeping track of them is through an account aggregator, like Accountunity. Once set up, you just need one username and password to access all your accounts. It's free and is the platform that Egg, First Direct and Citibank use:

https://www.ewise.com.au/accunity/aa/home.asp

ShelfStacker_3

I currently bank with First Direct and as helpful as they are they were very dismissive of the idea of opening multiple accounts. Although they wouldn't refuse to do it they wanted to know exactly why and gave me lots of alternatives.

If they won't refuse to do it, surely you could just tell them why and insist that that's the only way you want things to be done?

The reason they're asking so many questions is because lots of current accounts with instant transfers between them is an ideal situation if you wished to launder money efficiently. Like you say, they shouldn't refuse, but because of the aforementioned concerns they need to be certain as to your specific reasons. Saying "I want to do the piggybanking thing like on that MoneySavingExpert" website and, if requested, going into a little detail should be fine.

Don't take it personally, by the way. It's not personal in the slightest.