Do YOU have multiple bank accounts?

Extant

I have two current accounts - one which receives money; the other has a large overdraft and pays all the money out. The 'money in' account reconciles with the 'money out' account each day, so it always finishes on zero. It doesn't really matter since it's interest free, but I work in a bank and I like seeing my contra entries done right.

I have opened accounts at other banks when I need to see something they do for my job (i.e. to see how Halifax and HSBC implemented online international payments). I don't use them beyond that, though.

On top of that, I have an instant access savings account, and five bonds: four one year bonds which are staggered and pay out every 3 months (in case I need access) and one five year bond. The rest of my savings fund is invested.

anna42hmr

Comyface wrote: »

Haha, great minds think alike!

lol make that 3 as i have litterally just applied for the halifax reward for the £5.00 a month!

TheEffect

bumpoowee wrote: »

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.

Aren't you only allowed one ISA?

Baldur

TheEffect wrote: »

Aren't you only allowed one ISA?

No.

You can only subscribe (pay new money into) to one ISA per tax year.

TheEffect

Baldur wrote: »

No.

You can only subscribe (pay new money into) to one ISA per tax year.

Uh huh!

Comyface

Baldur wrote: »

No.

You can only subscribe (pay new money into) to one ISA per tax year.

Make that one ISA 'of each type', just to be picky lol.

I pay into a cash ISA and a stocks and shares ISA each month.

bingy_burge

I have several:

-RBS Joint Acc with all are d/d

-Lloyds TSB Personal I have some stuff paid into and use it for my own spending money.(Had it 3 month doesnt show on file yet)+ Savings accs

-Old Easy Cash acc for visa electron and if I ever need it (Doesnt show on credit file)

-Nationwide acc only got cash cards so never used it shows as greens 0's on the file. (Debating whether to shut it)

-ING Direct Saver for free money thanks to MSE

thatsean

One Natwest current - and four 1st reserves as piggy banks
One Nationwide for foreign cash
One BOS for BMI flights (VISA Electron)

Baldur

Comyface wrote: »

Make that one ISA 'of each type', just to be picky lol.

I pay into a cash ISA and a stocks and shares ISA each month.

As this thread is about current accounts/cash accounts, I omitted the S&S option.

To be even more pedantic, if the full annual allowance is paid into the S&S ISA, then it is only one ISA per tax year, as no allowance would remain to be subscribed to a Cash ISA.

Comyface

Baldur wrote: »

As this thread is about current accounts/cash accounts, I omitted the S&S option.

To be even more pedantic, if the full annual allowance is paid into the S&S ISA, then it is only one ISA per tax year, as no allowance would remain to be subscribed to a Cash ISA.

Haha, quite right! :beer: