Do YOU have multiple bank accounts?

TheEffect

How many bank accounts do you have:

Do you feel it's pointless to have more then 1 current account:

Why do you have multiple current accounts:

Just interested.

oldagetraveller

Main current account internet only. 2nd account for access to branch network.

Andystriker

If you mean Current Accounts,

3 x Halifax Reward for the £5's

3 x Lloyds Vantage for the 4%

1 x Abbey £100 Tfr Offer

1 x HSBC £50 Tfr Offer

1 x Nat West (My Main Current A/C with all my D/D's etc)

1 x Nationwide Flex

Andy

aliasojo

Are you Joey from friends? (How YOU doing?)

Sorry. Your title just made me think of him.

I have mulitple accounts. Mostly all opened because of promo rates or incentives. Some are as good as unused, others I keep ticking over simply to enable me to withdraw large sums should I need to, from the ATM's.

With the advent of FP I can transfer to various current accounts immediately and withdraw much more than the usual £300 - £500 daily ATM limit that I would be stuck to if I only had one account.

vaporate

I just have 2 accounts with 1 bank.

I would feel untidy by having more than 1 bank.

1 for savings only, 1 for paying stuff and 'messing around' with.

Comyface

I have 2 current accounts (both with the same bank). One where my wages go and another one which my DDs etc come out of. I transfer enough money to cover my DDs on payday and then what's left in the first account is mine to spend.

anna42hmr

i have 2 accounts (lloyds and natwest)

i have one account that my salary goes into and all my bills/direct debits/standing orders

then the remainder is swept into my other account and that is used for living out of etc

i find it is easier that way as i leave the amount in the 1st account to cover all the outgoings so it doesnt ever go overdrawn and then i know what i have left over as thats in the 2nd account

Comyface

anna42hmr wrote: »

i have 2 accounts (lloyds and natwest)

i have one account that my salary goes into and all my bills/direct debits/standing orders

then the remainder is swept into my other account and that is used for living out of etc

i find it is easier that way as i leave the amount in the 1st account to cover all the outgoings so it doesnt ever go overdrawn and then i know what i have left over as thats in the 2nd account

Haha, great minds think alike!

LeeSouthEast

I have 1 current account (Barclays).
2 savings accounts - 1 Barclays MoreForMore (for my emergency fund) and 1 ING Direct for the fab interest rate

Baldur

Around 9 current accounts, mainly for the reasons given by other posters, including 2 x Nationwide Flex (1 x Debit Card; 1 x Cash Card) for best value foreign ATM withdrawals/purchases.

bumpoowee

I have various savings accounts (2 ISAs, 2 regular savers, 3 instant access savers) taken out due to interest rates available at the time. I have 2 current accounts, one because it is mandatory due to my job, and the other which I needed to open to get internet banking access to my barclays accounts.

It is starting to get a bit messy so will be looking to consolidate my accounts in a year or two.