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Is it worth keeping bank accounts open?
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It is worth keeping one or two of them for emergency funds. Useful if your main bank has an IT meltdown, some sort of fraud problem, or you just need the money for some non-banking related emergency. I'd probably keep the Nationwide.clareski said:I am trying to streamline my accounts, and have a few dormant accounts with a few quid in (nothing going in or out) which I opened for the switching bonuses. These are:
First Direct (joint account)
Nationwide Flex
Nat West Select
HSBC
Tesco
I switched accounts from Barclays, M&S and Halifax, so unable to switch to these
I have my main current account and our joint account with Santander, which I will be switching to 123 Lite in May and transferring balance to Marcus. I have my ISA at Nationwide at 1.3%, and have £1500 in TSB Classic Plus.
Is it worth keeping the dormant accounts open? Not sure if I can switch back to other banks for bonuses in future, or if there are any I have missed out.
Thanks.0
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