Keeping current accounts when doing bank switches

pfpf

i have lets say 10 current accounts with one Bank, from a consolidation POV would it be better to switch them all to another Bank or simply close them? said bank does have a "close account" button.

i am thinking from a credit report POV.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82122598#Comment_82122598

I'd switch them because if any payments are later sent to those accounts they'll be redirected to the account you switched to.

pfpf

no chance of that happening but i am torn. on a credit file does an account closure due to a switch or a straight closure have a different impact? i can't help thinking a "closure" even if done by myself would look bad, especially lots in one go.

p.s i've just checked some credit reference agencies and the concensus appears to be closing has no real issue. still feels odd closing lots in one go.

Nasqueron

https://forums.moneysavingexpert.com/discussion/comment/82122674#Comment_82122674

I've done it accidentally with an old payment reference I hadn't deleted to a bank I later opened a new account with, had to hunt around to find the money which had been bounced to a different account from the old switch