A bank account with many sub-accounts for easy piggybanking

Fantastique · 30 December 2021 at 11:30PM

Dear Martin & hi everybody,

I researched bank accounts to do piggybanking AND put 10% of my earnings aside every month without spending them in view of investing them to beat inflation. After much research, what I found was very interesting: I came across a neo-bank in germany called Vivid. Opening an account was free and the interesting parts are that 1 the account comes with sub accounts called pockets. There are a few existing ones by default but I could create more (I think up to 15), and I can use these pockets for piggybanking all I like including transferring money from one pocket to another. Each pocket comes with a BIC and an IBAN so I can have money paid direct into a pocket. The secong cool thing is that the investment pocket allows me to invest my little 10% straight away (well, after the app has taught me about investing AND validated my answers to a test to assure itself that I understood what I'm doing) so the result is that I can invest as little as a fraction of a pound. The account is an app that runs on my phone. No mail, no internet interface for my account. So far I'm pretty chuffed with it but I'm still new to it so I'd love you Martin to check it out for us all

oh yes, and there's cashback too.
Martin, you saved my life many years ago when I had credit card debt and didn't know how to get out of it. I followed your advice and was debt-free within a year!!! Been receiving your emails ever since and that's why I'm contributing this info here , to hopefully add something cool to the pot!
ps: I'm absolutely not an iota paid by Vivid to write this