Multiple Current Accounts

Notorious2020

Sorry to say but response wasnt positive enough so i had to remove my message

MoneySaverLog

Notorious2020 wrote: »

First Name is ABCBD, i put ACBBD,

Is that really your name?

Lansdowne

You haven't explained where you got the idea it might be illegal, but there is no law against you having all these accounts. But a bank is not legally obliged to open an account for you, they are entitled to think you won't be the sort of customer they want.

MoneySaverLog wrote: »

Is that really your name?

ABCBD just means their 2nd and 4th letter are the same, such as Jamal, Helen or Rufus.

ffacoffipawb

Notorious2020 wrote: »

Nationwide; First Name is ABCBD, i put ACBBD, just a typing error i have no idea how i made this mistake

MoneySaverLog wrote: »

Is that really your name?

More like OCD

mgdavid

OP probably needs help but I'm not sure this board can provide it

Anthorn

To the OP: Personally, I think that anyone viewing your list of accounts would have suspicions of money laundering whether that's your intention or not which could be the reason why accounts are being closed and opening accounts is being denied. Could be that you're also the subject of a current probe by HMRC.

Other than that there is nothing to stop anyone having more than one current account. Not illegal as far as I know.

JuicyJesus

Anthorn wrote: »

To the OP: Personally, I think that anyone viewing your list of accounts would have suspicions of money laundering whether that's your intention or not which could be the reason why accounts are being closed and opening accounts is being denied. Could be that you're also the subject of a current probe by HMRC.

Quite. There are no legitimate reasons to have that many current accounts. Literally, none. It looks stupendously odd.

Lith

21+ accounts? christ even in my life i wouldn't have that many...

your either SICK/OCD or you got major cash problems or your dodging somehting

i have 4 uk accounts and 1 offshore account (based in china..)

And that's more than enough....

MoneySaverLog

There is nothing wrong in having multiple accounts with multiple banks. However too many and they may start asking questions.

I've closed a few old accounts recently just to streamline everything as the list was getting rather long. Just closed accounts with Citibank, Halifax, Barclays, Yorkshire BS and The Derbyshire. In addition to the list in my signature I also have accounts with Nationwide (Flex) and NatWest Standard current account which I'm keeping as a back up.

bengal-stripe

Notorious2020 wrote: »

I earn £1000 a month and i work for a resturant.

As i am the only earner in my family, it is also one of the main reason to have multiple current accounts with Overdreft facilities. In case of financial problems, i can use such facilities which are avaiable for me.

Are you telling us, that none of your 21 current accounts has any minimum monthly funding requirements i.e. they do not expect your wages (or at least several hundreds of pounds per month) to be paid into their account. or are you shifting your 1000 quid from one account to another (every night in a different bed..... oops..... account). And are you seriously telling us that all these banks (or even a significant number of them) have provided you with overdraft facilities, just in case your finances come a cropper?

I'm afraid, I do have difficulties with your story!

jonmcclelland

Sounds like too much effort to maintain to be honest