Can you have to many?

AmityNeon

My recent trip to the US involved a stop at Costco, where their exclusive contract with Visa meant all my usual Mastercards were useless, which limited my fee-free payment methods to Barclaycard Rewards (credit card), Kroo, Nationwide FlexPlus and HSBC's GMA. Out of those options, Kroo is probably the most accessible.

BooJewels

madlyn said:

Bridlington1 said:

madlyn said:

So my homework for this weekend is to open a RS account and another EA account and take it from there.

That would be a good start, though I would say prioritise opening a spare current account for the reasons I've already mentioned. May I ask who you already bank with?

My current account and credit card are with Nationwide, both Visa.
If I were to open an additional current account, would I need to use it? 

I'd suggest using the additional current account periodically, just to ensure it stays open and active.  I'd also suggest keeping a small emergency fund in there, in case of an issue with your other account - just so that you don't get caught out in the event of any issues - no point in having a second account if it's empty.

What I now do - which has evolved over time - is use each current account for a different purpose. I have one that's used for my monthly household stuff - direct Debits, food shopping etc.  Another is used for anything over and above routine items, like clothes, treats and the third is a pseudo joint account with my sister where we each put some funds in and use it for takeaways, lunches out, holiday food etc. Which we found works rather better for us than the "you got the shopping yesterday, I'll get lunch" routine.

Albermarle

ForumUser7 said:

For Debit Cards:

Mastercard: RBS, NatWest, Ulster Bank, Santander, Metro Bank, Starling, Monzo, First Direct, Virgin Money (among others)

Visa: Lloyds, Bank of Scotland, Halifax, Nationwide, Barclays, HSBC, TSB (among others)

N.B. This is based on my own cards, they may have changed providers since my cards were issued

According to this LLoyds and Halifax use Mastercard
MasterCard | MoneySuperMarket

However I then found this ( they offer both )

Lloyds ( who own Halifax ) generally issues Visa debit cards, and Mastercard credit cards,

madlyn

Just opened a Natwest Current account.

Albermarle

madlyn said:

Just opened a Natwest Current account.

Nat West regular saver pays 6.17% with max £150 per month .

Bridlington1

Albermarle said:

madlyn said:

Just opened a Natwest Current account.

Nat West regular saver pays 6.17% with max £150 per month .

This account would also be ideal for savings that are accessible if for whatever reason you temporarily locked out of Nationwide.

I believe you mentioned earlier in this thread that you currently put just under £100 into your savings each month, so you could start paying that into Natwest and have Natwest for savings for now if you wanted to since Natwest's regular saver pays a higher rate than Nationwide.

Also since the digital regular saver allows unlimited penalty free withdrawals you could top it up to the full £150 each month, then you can withdraw some money later on in the month if need be.

madlyn

Albermarle said:

madlyn said:

Just opened a Natwest Current account.

Nat West regular saver pays 6.17% with max £150 per month .

I will be opening one of these once the current account identity verification has been done.

I think I'll put £100 a month into the the new current account and use that for my petrol each month.

PloughmansLunch

madlyn said:

Albermarle said:

madlyn said:

Just opened a Natwest Current account.

Nat West regular saver pays 6.17% with max £150 per month .

I will be opening one of these once the current account identity verification has been done.

I think I'll put £100 a month into the the new current account and use that for my petrol each month.

Petrol is a good idea in conjunction with double round-ups for Natwest / RBS - no matter how delicately you squeeze the nozzle trigger I find it always goes to £x0.01

phillw

PloughmansLunch said:
Petrol is a good idea in conjunction with double round-ups for Natwest / RBS - no matter how delicately you squeeze the nozzle trigger I find it always goes to £x0.01

I got pretty good at hitting the £*.00, though I did fail once recently. I split my tank over 7 credit cards, so 1 out of 7 is not so bad.

madlyn

Natwest current account opened as an additional account. I've also opened the Nationwide regular saver, I know the Natwest regular saver is a higher rate but if I understood correctly the money I pay into that account must come from the Natwest current account.
Its just a personal thing, but I didn't want that and I wanted it to come from my main current account which is with the Nationwide.