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Original poster

Do you have more than 1 bank account? What do you use them for?

55 replies

Confuzzleduzzled · 09/08/2025 23:02

I have a HSBC current account but have set a Monzo account to use on holiday as there are no fees. Is there any advantage to having 2 accounts? Do people use one for bills and one for spending on a card? Or something else? My DP said he uses one for shopping but I’m not sure why.

OP posts:
Darkling1 · 10/08/2025 14:16

I have two. One to keep my money aside for my direct debits (mortgage and bills etc.) then I have a separate one for my spending money.

beadystar · 10/08/2025 15:44

I have a main account that I am paid into. I then have a Revolut for my spending on myself budget, and a credit union account for saving.

itsnearly · 10/08/2025 15:46

I have 2. One for all my everyday banking and the other for switching accounts to get deals.

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Peaceanddoves · 10/08/2025 15:48

One current account.
One joint account.
One isa.

itispersonal · 21/08/2025 14:33

peoplegetreadyforthetrain · 10/08/2025 12:15

I have loads and use it as a way to budget. I have one for bills and I transfer a set amount in there at the start of each month. Another for travel (commuting not holidays!) as that’s quite a big expense for us and I need to make sure I’ve set aside enough for that.

Loads of smaller savings accounts for holidays, Christmas, birthdays etc so that the cost is spread out across the year. A longer term savings account for us and one for each of the kids.

One account for general expenses, food shopping etc.

It’s really easy to do if you’re ok with online/mobile banking. It takes literally a matter of minutes to set up a savings account if you’re an existing customer with a current account and you can do it all online.

All these accounts are split between two banks, just because I think it’s safer to have money in more than one place in case one has any issues.

I also have two credit cards for bigger purchases (for added security and to get points/cashback) and an ISA with a separate provider as they offer a much better rate than either bank.

You sound like me!

I do my banking exactly the same. Have accounts for different spends! Bills, food, petrol, holiday, Xmas, annual payments, car expenses, savings can use, savings for saving etc etc

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