How many bank accounts?

yukkibear

Is it a good idea to keep differing bank accounts with the same bank or use different banks?

I like to have separate pots of money for savings, car expenses etc and not sure whether to use different banks or not. Can anyone advise please

Andy_Ches

I've got a few accounts with different banks. Let me take advantage of each others offers and services

withnell

Put your money where the best rates are. I have a double figure amount of current accounts, it costs you nothing to hold them and as Andy says it makes it very easy to pick up different offers

97trophy

as above, shop around and do not be loyal to any bank.

chambta

There's no right or wrong. Whatever is right for you.

Personally I have a current account with the institution I work for (in part as I have to), an A&L account that pays me 6%, a Barclays account that I have mystery shoppin/Quidco cash paid into and I'm just opening a HSBC account for £20 cashback. I'll likely switch a few things to that and close the Barclays one as that has served its purpose.

[Deleted User]

A tip: if youve got loads of different accounts, use https://moneycenter.yodlee.com to keep track of them all. Excellent little service

CocoPopsLover

I have 4!
1 for household bills
1 for personal bills
1 for shopping online
1 for general spending

I personally dont think any bank only limits you to one account with them unless I am missing something, lol but I havent been to all banks to know whether this is the case, just my opinion

flyingscotno1

CocoPopsLover wrote: »

I have 4!
1 for household bills
1 for personal bills
1 for shopping online
1 for general spending

I personally dont think any bank only limits you to one account with them unless I am missing something, lol but I havent been to all banks to know whether this is the case, just my opinion

I have a lot of accounts now, simply to make my money work best for me. Makes sense really!

CocoPopsLover

flyingscotno1 wrote: »

I have a lot of accounts now, simply to make my money work best for me. Makes sense really!

Yep I agree with that fact, no one else is going to make our money work for us they way we want but ourselves, not matter how much banks say they will do whats best for our money, lol

They do whats best for sales targets, lol