Linked accounts

wudang

Before the 2008 crash and Zurich's withdrawal from UK banking they offered an excellent banking service. The stand out feature for me was separate accounts offerred sweep transfers

If I went £500 overdrawn on my No 1 account but had £500 in my No 2 account it would automatically sweep across avoiding unnecessary overdraft charges and saving me the trouble of moving the money across manually - all pre-mandated of course.

Does anyone know if any UK clearing bank offers this sensible facility?

Patrick

masterwilde

Intelligent finance offered something similar 20 years ago. I dont know if they still do

Anthorn

wudang wrote: »

Before the 2008 crash and Zurich's withdrawal from UK banking they offered an excellent banking service. The stand out feature for me was separate accounts offerred sweep transfers

If I went £500 overdrawn on my No 1 account but had £500 in my No 2 account it would automatically sweep across avoiding unnecessary overdraft charges and saving me the trouble of moving the money across manually - all pre-mandated of course.

Does anyone know if any UK clearing bank offers this sensible facility?

Patrick

The B current account from CYBG offers such a sweep between it's current account and linked savings account. i.e. when the balance drops to a preset level money is automatically transferred from the savings account bringing the current account back to that preset level.

I have my current account minimum balance set at £50 and that triggers an automatic transfer bringing that current account balance to £100.

Don't know of any sweep between completely separate accounts anywhere.