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Which one would you keep?
armyoftwo
Posts: 136 Forumite
Hi there,
I'm doing some financial spring cleaning. I currently have two current accounts one with HSBC and another with Nationwide. My HSBC is currently dormant and mainly use NW account for everything. I really don't need two accounts.
I understand having a back up account is good but I have a joint account with another bank so need to have two single accounts.
So my question is should I keep HSBC and close NW? Or vice versa? I do travel abroad two-three times a year and like using internet banking.
Thanks in advance
X
I'm doing some financial spring cleaning. I currently have two current accounts one with HSBC and another with Nationwide. My HSBC is currently dormant and mainly use NW account for everything. I really don't need two accounts.
I understand having a back up account is good but I have a joint account with another bank so need to have two single accounts.
So my question is should I keep HSBC and close NW? Or vice versa? I do travel abroad two-three times a year and like using internet banking.
Thanks in advance
X
0
Comments
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If it's working why close any of the accounts? Both accounts have associated banking history which you might need for the future - You never know
. Plus, depending on the type of current accounts you have, you also have access to preferential rate monthly regular savers - Both banks offer 5% at present 
. Saved Nitty Gritty £7440.75 [149%] / £5000-[Sep] £58.44:starmod: for the 'Save 12k in 2017' #157
2017 Womble #35 £3463.27Sept NSDs 4/15:staradminCCCChl 9/12 months:DSept PPChl#002 Pts 71 0 -
Why not transfer for a switch incentive, with associated credit interest, cash back etc?0
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Hi there,
I'm doing some financial spring cleaning. I currently have two current accounts one with HSBC and another with Nationwide. My HSBC is currently dormant and mainly use NW account for everything. I really don't need two accounts.
I understand having a back up account is good but I have a joint account with another bank so need to have two single accounts.
So my question is should I keep HSBC and close NW? Or vice versa? I do travel abroad two-three times a year and like using internet banking.
Thanks in advance
X
It reads as if you are confused (I certainly am!) - do you or don't you?The questions that get the best answers are the questions that give most detail....0 -
My mistake it should have read so no need for two single accounts0
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Thanks for your reply. It is something I have contemplated but no real need for two single accounts.0
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Just let one become dormant or use it to stash some money away0
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A dormant account that is not needed is worth at least £100, probably several times £100. I would never just close it.0
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The short reply would be...
keep the one you LIKE and switch the other for some thing £
Thanks to all0 -
Its up to you,but couldn't you switch the HSBC one to the Nationwide one for cashback? RAF?This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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