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2 Bank Accounts - Good Idea?

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Comments

  • System
    System Posts: 178,421 Community Admin
    10,000 Posts Photogenic Name Dropper
    Yes, downgrade the URCA to a free version i.e. Reward or Current.
    Always try to have 2 current accounts, each with a different banking group.
    conisme wrote: »
    Did you read the bit where I said I am closing the one at £15 this upcoming week back to a free standard current account??

    The post is whether I should keep it open or close it outright despite it being a free account.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • IAmAPerson
    IAmAPerson Posts: 4 Newbie
    I have 2 bank accounts with other banking groups. Just to be on the safe side incase any systems go down. (& to help my credit file too), both mine are free accounts as i do not need any extra's. (tho I understand some people need them).
  • Treadmill
    Treadmill Posts: 1,102 Forumite
    I think it's sensible to have two bank accounts, firstly as mentioned if my main bank has technology issues I have a back up. Secondly if I get shoddy treatment from my main bank I can switch instantly without hassle. I currently bank with First Direct and Barclays premier.

    As far as CRAs go I don't think having two bank accounts has an impact unless you are into two overdrafts.
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