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How many current accounts?

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  • enthusiasticsaver
    enthusiasticsaver Posts: 16,056 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    6 current accounts spread across Santander, TSB, Nationwide, Nat West, and Tesco. Monthly interest is approx. £135 (3-5%) and no my credit score has not been affected.
    I’m a Forum Ambassador and I support the Forum Team on the Debt free Wannabe, Budgeting and Banking and Savings and Investment boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.

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  • lufc7
    lufc7 Posts: 173 Forumite
    Between my wife and I we have 3x TSB, 2x Halifax Reward, 2 x Nationwide, 3xNatwest though only one of the NatWest accounts is a reward and so the other 2 serve little purpose at the moment.
    'If you ain't living life on the edge you are taking up too much room'
    'Everyone dies but not everyone lives'
  • 20aday
    20aday Posts: 2,610 Forumite
    Ninth Anniversary 1,000 Posts Combo Breaker PPI Party Pooper
    I currently have 1 x Lloyds Bank, 1 x Halifax, 1 x TSB (for the 5% on contactless payments) and am currently in the process of applying for an account with the Co-Op (for the TCB offer) and also HSBC (for their offer too).
    It's not your credit score that counts, it's your credit history. Any replies are my own personal opinion and not a representation of my employer.
  • Katiehound
    Katiehound Posts: 8,125 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    lufc7 wrote: »
    3xNatwest though only one of the NatWest accounts is a reward and so the other 2 serve little purpose at the moment.
    ah ha, but they could be useful for a switching bonus in the future!
    Being polite and pleasant doesn't cost anything!
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  • isingh1
    isingh1 Posts: 51 Forumite
    Fifth Anniversary 10 Posts Combo Breaker
    I have/had:
    x1 Nationwide (Now closed and switched to Clydesdale)
    x1 Santander
    x2 TSB (Opened at the time you could open 2 pp)
    x4 BoS (One my partners account)
    x2 Lloyds (One my partners)
    x1 Clydesdale (Only to get the switch bonus - will be switching this account to M&S)

    HSBC on the way and a couple regular savers with M&S and HSBC on the way.

    Earning around £117 pm after taxes etc
  • Eco_Miser
    Eco_Miser Posts: 4,848 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    littlej0hn wrote: »
    If I was to switch my main account would I be likely to get offered a similar overdraft I currently have as the other two accounts only offered my less than half?
    The general consensus is that opening current accounts without overdrafts has little effect on credit scores, but the overdrafts may have.

    I've lost count of how many accounts I've had, but currently using 5.
    Eco Miser
    Saving money for well over half a century
  • arwain
    arwain Posts: 69 Forumite
    OP look at page 12 of this forum. Similar thread started by Moonbean, last post made on 9/12/15. Over 60 replies should provide you with what your looking for.
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Ive got about as many C/As as there are threads which ask 'how many current accounts have you got'?
  • eskbanker
    eskbanker Posts: 37,101 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    veryintrigued wrote: »
    Ive got about as many C/As as there are threads which ask 'how many current accounts have you got'?
    Ladies and gentlemen, we have a new record holder!
  • debbie_debt
    debbie_debt Posts: 299 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    For those who've got multiple accounts across different banks - what do you find are the benefits of this? I piggy-bank and have 4 current accounts, but have them all with Natwest so everything is in one place. Am I being naive??
    HIGHEST DEBT £63,300 LBM 27/5/2020 DEBT FREE DATE 31.08.2022
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