how many bank account have you got

badger09

giocoforzauno wrote: »

savings means account without typical current account services? Yes
accounts with high interest rates in which you put money that you don't spend in the short time

am i right?

In theory you are right, but for a few years now in UK it is current accounts which have typically earned high rates of interest, albeit some of those accounts pay interest only on small balances - say £1500

They have also offered generous 'switching' bonuses. For both those reasons, many of us have multiple current accounts:)

giocoforzauno wrote: »

Yes physical sorry for my english.

But excuse me one question:
in UK when you have to close a current account you can make it by a total on-line procedure?

Or have to write a "physical" letter and sent it by post office with a "registered letter" spending for example 7£...?!? (I admit that I don't know how much a registered letter costs in your country)

So If you have 61 accounts, and ipotize that the UK Government decide to put a fee on the possession of account (both on line and physical for example Brexit-tax ), you will have to sent 61 letter and spent 61x7£=427£ if you decide to close all 61 accounts (or 213£ for 30 unused accounts) ?

:EasterBun

61 is definitely not typical but several posters managed to collect £1000s in switching bonuses from Clydesdale & Yorkshire Banks a while ago.

I've never tried to close a current account online, but the cost of a physical letter is minimal - just a postage stamp.

It is also possible to consolidate several unused/underused accounts into one current account by using the 7 day CASS (Current Account Switching Service) which does everything for you and costs nothing;)

giocoforzauno

badger09 wrote: »

In theory you are right, but for a few years now in UK it is current accounts which have typically earned high rates of interest, albeit some of those accounts pay interest only on small balances - say £1500

They have also offered generous 'switching' bonuses. For both those reasons, many of us have multiple current accounts:)




61 is definitely not typical but several posters managed to collect £1000s in switching bonuses from Clydesdale & Yorkshire Banks a while ago.

I've never tried to close a current account online, but the cost of a physical letter is minimal - just a postage stamp.

It is also possible to consolidate several unused/underused accounts into one current account by using the 7 day CASS (Current Account Switching Service) which does everything for you and costs nothing;)

I though that:
would you not better to close the unused ones?

Put the case these banks launch other promos.
For example, in 2020 they offer bonus money to open or to switch from another account and in the rules of these offers they said: "Can partecipate the promo only the new customers or members that not have an account with the bank open in the past 3 years."

If you don't close unused account you could't join the offer in 2020 for these bank because of the time limit. If you close them now you have an hypotetical opportunity to partecipate to future promos.
:think: