How much money do you feel comfortable keeping in your current account?

[absolutelyincandescentwithrage]

Let me start by saying that I do not intend this to be an "I'm considerably richer than you" thing, nor to be insensitive during a time when so many are struggling.
I was just wondering how much you generally keep in your everyday current account on average. I try to keep it as low as possible after having my card cloned and being wiped out as there was more than I needed to be in there. (Got the money back thankfully, but it was a ball ache). So I tend to keep just enough to cover any direct debits in, plus a couple of hundred. Anything else I stick on a credit card and pay off in full at the end of the month.
However, despite my gentle nagging to do the same, my husband also had his card cloned just before Christmas, and he had his account cleared of quite a bit.
I just think that with so much card fraud my way is safer, and wondered what other people do.

They noticed the fraud on mine straight away and blocked it.

I have this exact system.

Any remaining money is moved into the savings account at the end of each month, alongside cm and cb. I pay ds' school fees out of the savings account.

I seldom have anything left at the end of the year.

I put everything onto a credit card and then pay that off weekly. That way any fraudsters only have access to money that's not mine,my 'actual' money is two accounts away.
Wouldn't stop fraud but would give me time to sort things out with card company.

Try to keep it sub £1k for the fraud reason. A few £k in linked account where it can easily be accessed for unexpected or larger costs. Moved across to savings account with better interest or pension if/when it builds up.

I get paid into my main account and then transfer money to our joint account for mortgage, bills etc. what's left over is 'mine' - I have a couple of other bills that come out and auto direct debits weekly to my savings account (otherwise it'd get spent rather than saved) as well as Plum debits.

I pay for everything using Apple Pay via my Apple Watch, so I never carry my card unless I know I need to take cash out.

I keep about £1,000 in my account as a minimum balance. I grew up poor and fear not having any money to fall back on in an emergency.

Very very little. Enough to cover direct debits with a bit of leeway for emergencies. If I need money, I transfer it there and then from my savings account to my current.

I currently have £3.43 in my one and only bank account. To last until Thursday

Yes. It happened to DP and his bank had the money returned to him within 15 hours.

Someone cloned my card once.

I felt sorry for them, there was £1.80 in there, which is about usual.

Yes, but it can take some time to block cards, review the transactions and get new cards, so it makes sense to have most of your money elsewhere (and accessible), then if it does happen you don't have significant cash flow issues while it is getting sorted it out.

Mine wasn't actually cloned, it was just stolen out of my purse and in the couple of hours it took to notice and block, they rinsed me. I got the money back but it took some time and it was it was before Xmas so very stressful.

about 500 more than bills.
a sensible amount (enough to cover urgent repair bills & holidays) in the savings account attached to the current account.

rest in modest savings.

anything left over in the instant access + work bonus goes on the mortgage once a year.

Enough to cover direct debits for the next couple of weeks plus £200/£300.

I keep very, very little in it. Not by choice, just because I'm poor 🤣

My account rarely comes out of the overdraft so I'm good

10 to 12k usually

Aren't we covered for £80k? If I ever have more than that I will spread it out 😜

We keep the current account as low as possible after similar happened to us.

So when salary goes in we move everything except immediate spending needs and direct debits to a savings account that "should" be pretty secure.

We gradually move small amounts between accounts when needed, like £60 for fuel or £100 for shopping and have a small fee free overdraft in case something unexpected comes out.

Bonus that it helps us to save more as most of our money is sent there by default so we don't see it as "available".

£50

@justgettingthroughtheday ·

I too hope this year is better for you.

It bloody well better be good for a lot of us!

I've split my "vast wealth" between three current accounts and just shift it around on my banking app as and when things need paying. One is my main account which all the bills go out of. The other two I just store money in as it helps me budget. I know you're supposed to be covered in the event of fraud, but after my sister had a complete nightmare trying to get back some apple pay transactions (she doesn't even have an iPhone) I think it pays to spilt the risk a bit.

We keep everything in one account apart from some premium bonds.

I'm going to discuss this with DH later - at the moment we have approx. 2 months wages at the start of the month and 1+ at the end of the month in the current account. We've got a basic savings account with the same bank too so there is no real reason why we're keeping such a buffer in the current account.

2 - 3 hundred in my current account which I treat like a cash account for shopping (food etc.). I keep a couple of hundred in a savings account (interest isn't worth a jot) attached to the current account so I can easily transfer cash when needed. If I go into my overdraft I get a text from the bank to remind me to bring my account into credit by 11.45pm that evening (remember those £40 - £50 daily charges?!). Everything else goes into savings, some of which I can access, some untouchable for a fixed term. I live fairly frugally and within my means.
My card was skimmed once and thankfully the bank were all over it. They even flagged up my last transaction in a local shop as potentially fraudulent.
My card details must have been sold on for there was a transaction for a very small amount in dollars - obviously someone testing the card, and some CF tried to spend more than a grand in some electronics shop based in England. I was VERY glad I didn't have enough in my account to cover it.