Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Chat

Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting.

Original poster

Banks that allow you to open sub accounts?

17 replies

MBM18 · 07/10/2021 19:32

Hi,

Can anyone recommend a bank that allows you to open multiple sub accounts?

I'd like to create sub accounts to help me save, i.e Christmas, Holidays, Car and so on.

Is there such a thing?

Thanks!

OP posts:
Vthirtyone · 07/10/2021 19:35

Monzo!
It's great, you start by downloading the app and then follow the steps to set up an account.

MoreThanAnOffDay · 07/10/2021 19:37

I have current account with Lloyd's. A joint current llloyds with dh And 3 saving accounts. For like Xmas, holidays, kids treats etc

MarriedNotAtFirstSight · 07/10/2021 19:53

Yep, Monzo. Allows you to create as many 'pots' as you like

Interested in this thread?

Then you might like threads about this subject:

General money
Ihaveattached · 07/10/2021 19:53

I do this with Halifax. I have one current account and multiple savings accounts which I can rename anything I like.

Bontanics · 07/10/2021 19:55

Starling.

NoEffingWay · 07/10/2021 20:02

Starling bank is the best I have come across, and it took about 5 minutes to open the account. The saving spaces are so great to separate savings into different pots.

idontlikealdi · 07/10/2021 20:05

Monzo.

bookish83 · 07/10/2021 20:06

Lloyds let you and name them as you like too

BovrilonToast · 07/10/2021 20:08

I second Starling. I have my business and personal accounts with them. They are fab.

Robertthebrucesthistle · 07/10/2021 20:11

Monzo. So easy to set up separate pots

itispersonal · 07/10/2021 20:12

Any bank will let you open several accounts with them.

I have:
A current account - my monthly spends
Bills account
Xmas saves account
Annual insurances/ car repair account
Food spend account
Petrol account
Holiday account
Everyday savings (which can touch)
Savings (can't touch)

itispersonal · 07/10/2021 20:13

All with the same bank

Notthisnotthat · 07/10/2021 20:14

I have a TSB spend and save account, can create "pots" for saving for different things.

ShagMeRiggins · 07/10/2021 20:14

I get the impression that with Lloyds and other traditional banks you have to go through the rigamarole of opening multiple separate accounts rather than one account you can simply sub out many times for various pots. No?

SylvanasWindrunner · 07/10/2021 20:14

Another vote for Monzo! So easy to set up pots and you can pay certain things from different pots too.

RedBonnet · 07/10/2021 20:17

Another one for Monzo, it's brilliant, but not on the high street - it's online/phone only

Original poster
MBM18 · 08/10/2021 15:56

Thanks for the replies!

I took a look at both Monzo and Starling and decided to go with Monzo.
I've now opened multiple "saving pots", that's exactly what I was looking for.

Thanks for all your recommendations Smile

OP posts:
New posts on this thread. Refresh page