How Many Current Accounts Do You Have?

Willing2Learn

If you have more than one then please explain why.  As it may help others.


Edit:  I have about 8-9.  Mostly because more than one account keeps you safe from IT meltdowns.  I also have some of the current accounts as they have a linked savings product which pays a (relatively) higher rate of interest.

Emmia

3-4

I have 2 personal current accounts as i find it helps with budgeting - I get paid into an HSBC account, which all the DD and other payments come out. I pay a weekly standing order into my Barclays account which I use for day to day spending. I earn enough now that budgeting is less of an issue, but I've found this method works best for me. 

Previously when we rented (and I earned much less than I do now), our rent was due on the 23rd of the month and so I transferred the rent money to the Barclays account at the start of the month - this ensured the rent got paid!

I've previously also had accounts with Natwest (student), a second Barclays account, and Monzo, but have closed them all down.

I also agree that having accounts with multiple banks can help with IT glitches!

My third account is my joint account which we use mainly for groceries and house bits.

ischris85

5

I get paid into an HSBC to use the regular saver. I keep my salary in Marcus easy access and transfer to my Starling account bi-weekly. Opened up a NatWest for the switch bonus, but recently applied for a Reward account (yet to see if im successful).

EssexExile

2

One we use & another one just in case.

colsten

Someone else already asked: https://forums.moneysavingexpert.com/discussion/5911855/how-many-bank-accounts-do-we-have

Willing2Learn

6-10

colsten said:

Someone else already asked: https://forums.moneysavingexpert.com/discussion/5911855/how-many-bank-accounts-do-we-have

I knew about the other poll.  But the wording for their poll was very por.  That caused confusion and inconsistencies with responses.  My poll is far better, clearer and concise. 

I have also encouraged people to state their reasons, so that any newbies reading this can learn from the poll

Yellow_mango

5

5 - mostly for budgeting purposes. 

Barclays where both salaries get paid and most bills go out. 

Starling 1 for joint / family spending (groceries, petrol etc). 

Starling 2 for personal spending money

HSBC for school fees / kid expenses / school trips, clubs, music lessons, uniforms etc. And to access regular saver. 

Santander 123 for bills qualifying for cashback.  

ToxicWomble

1

Current accounts 1 - no need or use for more

eskbanker

ToxicWomble said:

Current accounts 1 - no need or use for more

Have you read any of the recent threads from those who've had accounts blocked/frozen/closed and don't have any access to any of their money for an unknown period of time?  Or older ones from those who couldn't get hold of any of their money during technical outages?

Shakin_Steve

3-4

3 now, used to have 5. Two Tesco and one Barclays. I joined in the fun when it was worthwhile financially, but the effort became too much for the rewards. Think I'm still getting 1% up to £3000 on the Tesco ones, but gave up checking after it dropped from 3%.

D3xt3r5L4b

I had a NatWest Account but it got closed recently for no reason