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How many bank accounts do we have?

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Comments

  • arnoldy
    arnoldy Posts: 505 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 30 April 2019 at 6:48PM
    1. (Well actually HALF - because I share 1 account with Wife - but that wasn't on Poll) We put in what we earn and take out what we need. All joint. What's mine is yours and yours is mine ethos. No dicking around with who pays what, and calculating how much this or that or who pays more or less. Life's too short.
  • badger09
    badger09 Posts: 11,643 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    arnoldy wrote: »
    1. (Well actually HALF - because I share 1 account with Wife - but that wasn't on Poll) We put in what we earn and take out what we need. All joint. What's mine is yours and yours is mine ethos. No dicking around with who pays what, and calculating how much this or that or who pays more or less. Life's too short.

    All regular posters on here would advise at least 2 current accounts with different banks. How would you cope if your bank suffered the sort of problems which hit TSB meaning some customers had no access to their accounts for weeks? Other banks have had similar, though shorter lived, issues.
  • Chesheer
    Chesheer Posts: 6 Forumite
    I have two accounts - one in EU (in Euro) and one in USA (USD).
  • quirkydeptless
    quirkydeptless Posts: 1,225 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    badger09 wrote: »
    All regular posters on here would advise at least 2 current accounts with different banks.
    I had just one current account for over 30 years until I discovered this site. I'm now into double figures. Look what you've done too me :eek:

    I'm hooked on them like crack cocaine.

    Just ... need ... another ... fix ... of ... bank ... account

    :EasterBun
    Retired 1st July 2021.
    This is not investment advice.
    Your money may go "down and up and down and up and down and up and down ... down and up and down and up and down and up and down ... I got all tricked up and came up to this thing, lookin' so fire hot, a twenty out of ten..."
  • Fingerbobs
    Fingerbobs Posts: 1,719 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    RG2015 wrote: »
    If savings accounts has better rates I doubt that many people would feel the need to have more than two current accounts.
    Indeed. I had 2 current accounts for many years until current accounts started offering better interest rates than savings accounts.
    I probably would only have had 1 account if Nationwide hadn't insisted on opening a FlexAccount before they'd give me a mortgage.
    I've now got 10 current accounts, most of which are just used as "savings" accounts.
  • vic09
    vic09 Posts: 21 Forumite
    Second Anniversary 10 Posts
    I've got 7 accounts in total - 5 current accounts (3 UK, 2 foreign) & 2 UK savings account. Gets crazy keeping track of how much is in what account, looking to streamline to 3 soon!🤞
  • MDMD
    MDMD Posts: 1,571 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    vic09 wrote: »
    I've got 7 accounts in total - 5 current accounts (3 UK, 2 foreign) & 2 UK savings account. Gets crazy keeping track of how much is in what account, looking to streamline to 3 soon!🤞
    I’m also trying to streamline but (including credit cards , which I treat as negative accounts) have just opened account 40 ( an HSBC flexible saver to receive the regular saver proceeds as someone on here said you don’t need to wait for your old one to be converted).

    I’m targeting a reduction this year - but I’ll probably always keep current accounts with First Direct, Halifax and RBS so I have a good spread across banking groups!
  • Sea_Shell
    Sea_Shell Posts: 10,053 Forumite
    Tenth Anniversary 1,000 Posts Photogenic Name Dropper
    Current Accounts - We'll have 8 less once we've consolidated them into Santander!! So we'll only be left with 5 after that. 3 x TSB, 1 Club Lloyds and a Santander 123 Lite.

    We have many other accounts being Reg Savers, Fixed term accounts and Internet saving accounts.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)
  • DragonQ
    DragonQ Posts: 2,198 Forumite
    Part of the Furniture 1,000 Posts
    I'll be ditching some over the coming months now that the great current account interest boom is over but I'll still have a lot. My Tesco accounts are old enough to not require DDs but at 1% keeping them is useless. My two Bank of Scotland accounts at 1.5% is also pointless, considering I can get that in an easy access savings account without needing DDs.


    I'll keep any that still earn good interest (2x TSB), earn rewards (Halifax, Barclays), are required for regular savers (First Direct, Santander, M&S, Club Lloyds), provide free travel insurance (Nationwide), or earn cashback on bills (NatWest). :D
  • charlotte1994
    charlotte1994 Posts: 854 Forumite
    x2 Natwest. One for my wage to go into, then every month I transfer my rent into the other account and then set a timed payment for the 8th of every month for it to be paid out of that account. It keeps me from accidentally spending my rent, which is the most important bill for me
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