How many bank accounts do we have?

DCFC79

Halifax reward account plus 3 savings accounts.
2 TSB plus account (maybe its called classic plus)
1 Lloyds account with my club Lloyds benefit plus 2 savings accounts
2 Barclays current account, I think 2 savings accounts plus H2B account.
1 RBS current account

Plan is to switch 1 of the Barclays accounts to maybe Santander and the other to possibky Nationwide, not sure I'll keep the 2 TSB accounts.

soulsaver

Some early posters seemed incredulous of people having more than 11 current accounts:

For those that don't go back to the earlier days of incentives and the omissions in T&Cs - there are people on here KNOWN to have had more than 11 current accounts...with ONE bank.

castle96

11...! ssshhh u know who

klew356

how do you have eleven bank accounts? i dont have that many dds is that my downfall or is it the amount you earn?

ad_interim

Only two:

• Barclays Premier with blue rewards: main account for all bills and spending, monthly fee £4. However, I'm currently getting triple rewards until Nov 2020 (£36/month, as my mortgage is also with them).
• Nationwide FlexPlus: my back up account, monthly fee £13. Keeping it for the insurance package and for travelling abroad (no fee currency purchases and withdrawals). Also, incoming £ transfers from overseas are free (Barclays for example charges £6 for the pleasure).

moneyfoolish

1 Halifax Reward
3 Bank of Scotland Classic with Vantage
3 Santander 123 (one wife's and 1 joint)
2 Tesco (now empty)
2 TSB Classic Plus
1 Club Lloyds
2 Nationwide FlexDirect (one wife's but both now empty)
1 HSBC Advance
1 First Direct (empty)

1 NatWest (empty)

1 Yorkshire (empty)
3 Intelligent Finance (one wife's 1 joint all empty)

Total 21
All my accounts either pay interest, allow me to have a regular saver paying interest or were set up to get a switching bonus.

Katiehound

klew356 wrote: »

how do you have eleven bank accounts? i dont have that many dds is that my downfall or is it the amount you earn?

You have to be creative with the DDs! as an example one savings a/c gets £1 per month (the interest is so dismal on that that I don't feel guilty!) If needed there are ways and means......
However the current a/cs paying any decent interest have diminished in recent times- no longer any great incentive to jump thro' the required hoops!

Now the way to earn a decent sum is to switch an account or two so when Tesco a/cs became (almost) redundant they found new homes with a welcome 'handshake'

Eco_Miser

klew356 wrote: »

how do you have eleven bank accounts? i dont have that many dds is that my downfall or is it the amount you earn?

Not all bank accounts need DDs, not even all the ones that pay interest or some other extra benefit.

soulsaver

Eco_Miser wrote: »

Not all bank accounts need DDs, not even all the ones that pay interest or some other extra benefit.

The ones I had in mind do.

GetRealBabe

I've got 3 bank accounts:
Santander 1-2-3
Halifax Reward
Co-op basic bank account for my online purchases.
Plus a YBS savings account.