How many current accounts do you have?

anna42hmr

I have:
3 x Lloyds vantage accounts
1 Lloyds acc I use as my main one
2 x Halifax reward account
1 x Nationwide flex direct acc

so seven current accounts for me

The_pc_tech

sparrer wrote: »

Minimal income as a pensioner so only two current accounts
Halifax, and
Santander 1-2-3. Just closed an IF account and replaced with this as it's about the only one I can see that will be beneficial in my circumstances.
How on earth do people manage (and fund!) so many accounts? I get confused with my two little ones!

Opened the ones I have for budgeting really but got the Nationwide for the interest.

JuicyJesus

I have two. One for personal spending, another for bills.

Can't be arsed faffing around.

The_pc_tech

Payday comes, essential outgoings automatically withdrawn and sent to appropriate accounts, amount left is for me to do what I want with.

I also had an issue a few years back when I had just one account, we had some electrical work done and the guy wanted to be paid by cheque.

At the time I had more than enough in credit to pay the cheque but it took him (or his bank) 7 weeks to present the cheque for payment by which time other bills had gone out and it pushed me 400 quid into an agreed 1000 overdraft, I was of course not amused.

Now I just put the money into my bill account and issue the cheque and they can bank it when they want though I do prefer them to send an invoice and I pay it by transfer or them to write one out and I do the transfer before they leave.

DunPin

I have a 'Classic' account with Lloyds TSB (I actually forgot I had this until three days ago) and I have an account with HSBC that is my main account, not the best bank though.

londoniana

Why does one need more than one current account?

I have a Barclays current acct plus, savings account, and cash ISA (not much of a saver, I put money to the mortgage).

Barclaycard Simplicity, Halifax Clarity, and an MBNA platinum (which I'd close if it weren't my oldest CC). As I'm shopping at Tesco's I'm thinking about getting a tesco cc.

Jaywilz

londoniana wrote: »

Why does one need more than one current account?

I have a Barclays current acct plus, savings account, and cash ISA (not much of a saver, I put money to the mortgage).

Barclaycard Simplicity, Halifax Clarity, and an MBNA platinum (which I'd close if it weren't my oldest CC). As I'm shopping at Tesco's I'm thinking about getting a tesco cc.

I have 3 mainly to split my money up so I know which pot is which, just makes things easier:

Bills Account
Spending Account
Fee paying account/Insurances

stclair

londoniana wrote: »

Why does one need more than one current account?

I have a Barclays current acct plus, savings account, and cash ISA (not much of a saver, I put money to the mortgage).

Barclaycard Simplicity, Halifax Clarity, and an MBNA platinum (which I'd close if it weren't my oldest CC). As I'm shopping at Tesco's I'm thinking about getting a tesco cc.

As a fail safe.

What would you do if Barclays systems had a melt down and you was unable to access your own money? Just the same as if you lost your bank card or something similar.

londoniana

I'd wait until they go back up and use a CC

Interesting anyway.. For me it's easier with 1 acct to track everything. I used to have a joint acct with ex to pay for common exp but closed that door.

AlwaysLearnin

londoniana wrote: »

Why does one need more than one current account?

Many people are making the most of the benefits offered, i.e. some current accounts offer better rates than savings accounts