2 current accounts with same bank??

GTR_King

Thanks went into bank today got told we are busy...

So I am gonna go in Saturday and wait to see someone as in no rush...

If not will book appointment or go to other branch near me

all I wanna do is get 2nd account open I don't wanna wait weeks on end to book an appointment... I can happily wait an hour to see someone if that's the case not waiting till December as that's way to long

GTR_King

Update went into bank today talked to advisor... (went early)

He said account opening has been referred (Don't know why but told me loads of people have this happen to them and I should be fine) and account will be opened Monday morning maybe later (Unless something bad crops up but shouldn't happen) and will show up on on my online banking..

Got told hopefully it will be a full current account if not basic account & can upgrade after a few month. So thanks everyone for all the posts. I am happy it's all sorted

redux

Great to hear, but I still don't quite understand the reasoning. If you want to treat something as savings, choose an account somewhere else paying decent interest. If it's just for an idea of tidiness of statements, payments to mum and other spending in separate accounts, you're still going to have occasional transfers between them.

I opened a Halifax Easycash account some time ago, partly as a certain airline was going to have transaction fees on some types of cards but not others. The airline changed policy yet again a few months later, and my account has been even more redundant since, though it has very occasionally been useful when a family member was going to pay money to me, and took that card into the branch while I still had my main Halifax debit card with me.

GTR_King

I am not fussed about interest as that's for TSB Classic plus and nationwide 5% has finished for now...

So hopefully they will give me a full current account but I am sure it will be fine...

Just want one for bills and one for spending thats all.

So at begging of month transfer x amount to account 2. Once spending money has ran out in account 2. will wait till next month to spend again that way I don't spend more than what I need to etc and if I can't afford to go out or buy the latest game will wait till next month.

If account 2 is not up and running/can see it within my online banking I will ring them up

redux

OK, but another option would be use one account for both saving and spending. Transfer all spare money to it, and it earns interest until the spend happens. The TSB account has been good for that this year, with the 5% cashback on contactless, even for things like a beer in the pub.

GTR_King

Thanks for that...

But wanna split bills/spending into 2 accounts as easier to manager

and leave the maximum in TSB account for best interest.

Will see what Barclays say on Monday

SailorSam

There was a Newie on here yesterday saying he had about 25 accounts and he was concerned about keeping control of the paperwork. I said, and others agreed he should close 24 a/cs down, one is enough. But at lunchtime i was listening to R4 Moneybox. They were talking about Tesco bank and 'cos of the problem they'd recently had with hackers, some people had been in the position where they couldn't get any cash. It was in the bank but Tesco froze it while trying to find the problem. Paul Lewis suggested it may be a good idea to have 2 current a/cs. But in case one bank closes access, it may be better that the 2 a/cs are with different banks.

GTR_King

Yeah that's why I am gonna keep TSB For interest and emerganices like that

bigadaj

Problems with bank current accounts aren't that unusual, it seems fairly obvious to have at least two with unconnected institutions as the loss of access to all your banking could be inconvenient and very stressful.

Whilst the banks continue to generously offer interest and incentives on current accounts and regular savers that offer multiples of that available on savings accounts then I'll maintain the dozen or so accounts I have, depending on how worthwhile they continue to be.

colsten

SailorSam wrote: »

There was a Newie on here yesterday saying he had about 25 accounts and he was concerned about keeping control of the paperwork. I said, and others agreed he should close 24 a/cs down, one is enough.

Without understanding the requirements of the Newbie, it's impossible to say whether this was good advice or not. What matters is not the number of accounts, but the requirements of the account holder. I have well over 25 accounts myself, all of which I need (if only as donor account for any new switch offer coming along).

I agree it is important to keep control of the admin. Mine is all online, next to no paperwork involved. Each account is listed in my personal finance package (MS Money clone) and every single transaction gets recorded (some automatically, some manually) so that at any point in time I know down to the last penny what my balances and my commitments are. In addition, I use an account aggregator to dramatically reduce the login times. It's actually quite easy once it is all set up.