Which bank would be the best option, to open a "2nd current Account"?

subjecttocontract

It depends on how you define best. If your ' best' is ease of opening then just visit a Metro bank with some ID and they will open an account whilst you wait.

Agusya

Blue_Babe said:

I'd like to open a 2nd current account, to make my finances easier to organise. I'm seeing lots of incentives around at the moment, to "switch" accounts, but I don't want to close the current one I have, nor move my Direct Debits or income over at this time. I'm finding very little info on simply opening an account. Are there any incentives to just open an account, or who is offering the best interest rate? Thank you for reading, all suggestions will be considered.

I have chase account. Great and quick customer service , everything on an app. 1% cashback on spendings plus you can have easy access account 2.1% . Everything is super easy and handy and fast transfers 

Archie_Duke

I have current accounts with
First Direct
NatWest
Santander
Nationwide
Chase
Revolut

I recently switched out of TSB as they were useless since interest on certain balances ceased to be a thing.

I’d recommend First Direct to anyone. I’ve never had any issues while banking with them, even while splitting accounts during a divorce, and have benefitted from some of the Best Buy rates for Regular Saver accounts for years.

cymruchris

It'll partly be linked to what bank you bank with now, where you're located, and what you want from your bank account - incentives aside. What would you want to use the second account for? (In broad terms). You've mentioned to make your finances easier to organise - would  you need to hold funds in a savings account? (HSBC has a 3% instant access saver with a few conditions that you could instantly pop money into from your main current account if you went with them for example).

I would say that whichever bank holds your main account, to pick a bank that's not part of the same group. That way if a system goes down at one banking group, you'd have access to some of your finances through your second account.

Does branch access matter to you?

ZeroSum

subjecttocontract said:

It depends on how you define best. If your ' best' is ease of opening then just visit a Metro bank with some ID and they will open an account whilst you wait.

Not if you live up north

ZeroSum

Archie_Duke said:

I have current accounts with
First Direct
NatWest
Santander
Nationwide
Chase
Revolut

I recently switched out of TSB as they were useless since interest on certain balances ceased to be a thing.

I’d recommend First Direct to anyone. I’ve never had any issues while banking with them, even while splitting accounts during a divorce, and have benefitted from some of the Best Buy rates for Regular Saver accounts for years.

For opening new accounts & setting up the online banking FD are an absolute pain in the backside. They're easily the most difficult bank I've used in that respect. Ditto for setting app on new phone. 

Not to mention that if you don't have a smart phone, you can't then log into online banking (we'll apparently you cam request so code generator thing, but don't tell you about it)