Can you have more than one current account with the same bank and does the 2nd get a credit check?

deadendwaterfall

I have two Lloyd's accounts, a Classic and a Club Lloyd's one. Once I've used the last of my Club Lloyd's cinema vouchers, I might use the account as a donor account for one of these switching bonuses that are beginning to crop up, ie HSBC. 

Katiehound

In the past I have opened a TSB Classic, put in a small sum and left it for a few months before switching. This was in addition to the Classic Plus a/cs that I already hold.
It was very easy to open online (no idea about the credit search)

[Deleted User]

mab3000 said:

dahj said:

SlovakianGuy said:

Be aware that some basic accounts (if not all) cannot be switched.

I don't know how it's with HSBC, but Halifax do not perform hard searches. They hard-searched me in 2018 when I opened my Halifax current account. Then I applied for an overdraft on that account next year. No hard search. I applied for Halifax credit card in 2020 and again, no search on any of my credit files.

You aren't correct!

If the institution is part of the CASS then their Current accounts including Basic can be switched.

Metro bank are part of the CASS but you cannot use the switching service for their basic account. 

If you mean their Cash Account - it's not a real basic account as it doesn't offer Direct Debits plus it can be upgraded (keeping the same details) to their Current account and therefore switched.

Barny1979

I have 2 HSBC  accounts, one for salary and then one for bills etc.

mab3000

dahj said:

mab3000 said:

dahj said:

SlovakianGuy said:

Be aware that some basic accounts (if not all) cannot be switched.

I don't know how it's with HSBC, but Halifax do not perform hard searches. They hard-searched me in 2018 when I opened my Halifax current account. Then I applied for an overdraft on that account next year. No hard search. I applied for Halifax credit card in 2020 and again, no search on any of my credit files.

You aren't correct!

If the institution is part of the CASS then their Current accounts including Basic can be switched.

Metro bank are part of the CASS but you cannot use the switching service for their basic account. 

If you mean their Cash Account - it's not a real basic account as it doesn't offer Direct Debits plus it can be upgraded (keeping the same details) to their Current account and therefore switched.

Metro themselves class this type of account as a “basic account” and is available to customers that are not eligible for their standard current account eg) poor credit history. However they do let anyone apply for this type of account. Just because it doesn’t handle direct debits doesn’t mean it’s not a real basic account. If a customer holding this type of account isn’t eligible to upgrade it to their standard account, then they cannot use the CASS to switch it. 

datlex

Some banks actively encourage a second account as they know it helps with budgeting.