Who else has 2 banks accounts one for spending and one for bills?

OMAR

I currently just have my A & L one and am contemplating having another as I am terrible at using my overdraft and not budgeting my spending...

Pros and Cons??

Banks Accounts to recommend?....

I get paid 4 weekly, so is there any banks who do 4 weekly standing orders?

Scaredy_Cat_3

Barclays have an option to pay standing orders every 28 days.

LilacPixie

don't all banksallow you to set up standing orders for whenever you want??

I currently have RBS, A&L, Abbey and Nationwide for when abroad

staffie1

I have 2 current accounts. Great for helping me budget. I originally had just a Barclays account, then opened a First Direct account, and had my salary and all DD's, SO's transferred to the FD account. What I do now is transfer a fixed amount at the beginning of my 'period' (i.e. the few days after my salary goes in and before any DD's come out) from FD to Barclays for the amount I have budgeted for spending (e.g. cash, groceries, petrol, etc). I never draw cash from my FD account. Works well for me!

Lokolo

I have 2 accounts. One main, one for bills.

Helps me keep ahead of my budget.

No real cons apart from you have 2 cards instead of 1.

Least if one account stops working for some reason I have another to fall back on.

OMAR

first direct....i have been considering for a while

Andy_Ches

I have a HSBC account and a Lloyds for bills/expenses. Works well for me.

rb10

Lokolo wrote: »

I have 2 accounts.
[...]
No real cons apart from you have 2 cards instead of 1.

Well if you don't like having two cards just ask the bank to cancel one of them, easy!

Lokolo

rb10 wrote: »

Well if you don't like having two cards just ask the bank to cancel one of them, easy!

Yeh but its always useful that if you don't have money on one you can still use the other lol.

Andy_Ches wrote: »

I have a HSBC account and a Lloyds for bills/expenses. Works well for me.

Exactly the same with me. I started using Lloyds to transfer money over to my friend, set it up yday, money not leaving till Sunday

staffie1

OMAR wrote: »

first direct....i have been considering for a while

They're good, but very choosy about who they accept (based on other threads on here - but you should be ok if your credit file is healthy) and very expensive if you go overdrawn, so my advice is don't go for it unless you have your budget at least in balance at the end of each month. But if you are in a position to have a few quid spare when your salary goes in, you'll never pay a penny in charges. Customer service is good, but I must say I think Barclay's online banking is streets ahead of FD's. It does the job though.

Wolfsbayne

I have two accounts - Lloyds for spending and Natwest for bills. It works well for me.