Stupid Question: How many current accounts can you have?

RedfordML

Could you in theory have a current account with each indivdual banks?

Thanks (I know the obv answer is YES!!!)

exel1966

As many as you like with as many banks as you like providing you stick with the individual terms for each organisation.

MoneySaverLog

Theoretically yes, however some banks may start questioning why you need so many and may fear you're money laundering.

InsideInsurance

In theory you can have even more with multiple accounts with each provider - as has been said, whether in practice you'd be accepted is another question and likewise some reward style accounts limit you to a set number (to stop you have a hundred of them and bounce the same money around each one to get the "reward")

dr_adidas01

You can have as many as you want to.

I have a few but each one is with a different bank, as I use them for various things, for example one is my bills account, one is my spending money account and the others I have for the rewards they offer.

OneBrightStar

I have got quite a few as well....not sure how many in total :S

[Deleted User]

Worth pointing out that quite a few current accounts report to your credit file, whether or not you have an overdraft. I know that Citibank, First Direct, Metro Bank, Halifax, Lloyds TSB all do.

exel1966

Yes they do for AML reasons, but there's nothing to suggest they have a negative impact on a credit rating if there's no credit attached to it.

Andystriker

Well I've got the following,

1 at Nat West

2 at Nationwide (1 joint)

3 at Lloyds TSB (Vantage)

2 at Halifax (1 Joint)

1 at HSBC

1 at First Direct

1 at Co-op

and I've never been refused a Current Account or asked why I have these accounts.

YorkshireBoy

RedfordML wrote: »

How many current accounts can you have?

At least 13 (and some have more than me!).

eschaton

Got 8, would have been 9 but closed the Santander one weeks after opening. They were that bad, I didn't even wait on the £100 bonus.