We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Bank accounts with pots
Options

bramble281
Posts: 4 Newbie

Hi,
I'm thinking that in order to help with budgeting it would be worth opening up a new bank account with a pot facility.
I'm currently with first direct and don't really want to shut that account as the customer service is good and it has a very handy £250 interest/fee free overdraft which gives me a bit of a buffer.
Does anyone have any recommendations for bank accounts with a pot facility?
Thanks!
I'm thinking that in order to help with budgeting it would be worth opening up a new bank account with a pot facility.
I'm currently with first direct and don't really want to shut that account as the customer service is good and it has a very handy £250 interest/fee free overdraft which gives me a bit of a buffer.
Does anyone have any recommendations for bank accounts with a pot facility?
Thanks!
0
Comments
-
We use Starling which has "spaces". Easy to use.0
-
Monzo. Absolutely brilliant, I have several pots and a savings account, you can also 'round up' every spend and put that money into one of your pots, saving up without even noticing0
-
bramble281 said:Hi,
I'm thinking that in order to help with budgeting it would be worth opening up a new bank account with a pot facility.
I'm currently with first direct and don't really want to shut that account as the customer service is good and it has a very handy £250 interest/fee free overdraft which gives me a bit of a buffer.
Does anyone have any recommendations for bank accounts with a pot facility?
Thanks!0 -
I use both Starling and Monzo. I prefer Starling overall and it’s my main account. Pots wise I prefer Monzo for the pots and budgeting though. Their targets and budgeting tools are the better of the two banks imo.0
-
Starling with its spaces and Monzo with its pots are the only two as far as I'm aware. I use Monzo and I have a pot for each week of the month as well as a bills pot that all my direct debits come out of. It makes budgeting very easy as it takes care of itself and all I have to do is make each weeks money last until the next week.
0 -
I'm with Monzo and I love it. It's so easy to tell whether you're on budget or not when it's all in separate pots. I could never stick to a budget before!
I kept my mainstream bank account too (Nationwide in my case, because of the 8% regular saver). I use Monzo for all my variable spending and Nationwide for most of my bills/direct debits.Credit card debt: £7847.24 £7167.16
https://forums.moneysavingexpert.com/discussion/6495250/new-year-new-career-8k-to-clear0 -
Kroo also have pots as well.0
-
Rob5342 said:Starling with its spaces and Monzo with its pots are the only two as far as I'm aware. I use Monzo and I have a pot for each week of the month as well as a bills pot that all my direct debits come out of. It makes budgeting very easy as it takes care of itself and all I have to do is make each weeks money last until the next week.
I've been budgeting this way for ~25 years.1
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards