Universal Credit bank question

kid_from_yesterday

 hi we’ve been accepted for Universal Credit and everything has gone through. I’m trying to make a budgeting more easier and it would be helpful to open another bank account for me to transfer food petrol money in so it doesn’t get eaten up by bills do I need to inform UC ? that I’ve opened a bank account or does it not matter cause it’s not over the £6000 . Thank you

NedS

You only need to notify UC if your combined capital goes over £6k.

You can have as many bank accounts as you like, you do not need to notify UC as long as your capital remains below £6k.

Northern_Wanderer

Another way to think about this is that when you get income, you transfer an amount that will cover your bills to a separate "bills" bank account. Then your bills money doesn't get eaten up by your food/ petrol/ other day to day expenses stuff.