Do you have a bank account?

hyper_piper45 · 26 Feb 2011 at 12:59

5UB said:
What do you use your Nationwide and HSBC accounts for? - I am not sure why I have or need two. Natwest is near for me so I prefer to use that, but Nationwide I have used for a while and I have kept it incase I need them or they can offer me something.

I use my Nationwide as my current account. I hardly use the HSBC one really, but it is linked to my ISA so I need it and like I say it's useful to do things sometimes. I keep a few hundred quid in there as well just incase I have a problem with my nationwide card.

Lunatic Dreyfus · 26 Feb 2011 at 14:44

First account was with Halifax and I was with them for 15 years, but they annoyed me too much with their money grabbing charges and incessant marketing calls. :mad:

Now I have a current account and ISA with Natwest, who haven't annoyed me yet. One primary savings account with Sainsbury's and two other open savings accounts, with about a 100 or so quid in both. I have just one credit card, which is just for show. Never use those accursed things again.

Is there any other personal data you'd like?

Guest2 · 26 Feb 2011 at 14:56

2 debit cards, 1 credit and esavings

2 debit means can withdraw £600 from ATMs instead of just £300

DM · 26 Feb 2011 at 15:02

I lost count, but only 3 in this nasty over taxed country.

shifty_uk · 26 Feb 2011 at 15:03

Current account, student account and ISA with HBOS. Student account with Barclays, never used it, though.

Pho · 26 Feb 2011 at 15:08

I've got two current accounts - NatWest and Halifax (I don't use it but left about £20 in there years ago to keep it open).

People probably have multiple accounts to spread their money around. If your bank completely failed the Government will pay back the first £50k of your money. If you spread your money over several different banks you have £50k safety at each of them. Spread the love

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DM · 26 Feb 2011 at 15:09

Pho said:
I've got two current accounts - NatWest and Halifax (I don't use it but left about £20 in there years ago to keep it open).

People probably have multiple accounts to spread their money around. If your bank completely failed the Government will pay back the first £50k of your money. If you spread your money over several different banks you have £50k safety at each of them. Spread the love .

They would pay it all back in my opinion, they couldnt afford the loss of faith.

Yas786 · 26 Feb 2011 at 15:14

Nope no bank account...i keep all my monies underneath my mattress

On a serious note, yes i have one with HSBC which is my current account and have another one with Halifax which is a saver account...nothing too impressive...i just have my savings in there...all £25k of it plus another £50k stashed away in my Canadian bank account

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Pho · 26 Feb 2011 at 15:16

DiamondMark said:
They would pay it all back in my opinion, they couldnt afford the loss of faith.

I'd like to think they would as well, but £50k * several million customers would bankrupt the country pretty quickly

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Probably best to just hope it never comes to that

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Craig321 · 26 Feb 2011 at 15:24

I currently have:
Current account, savings account, ISA (all with the same bank, so they conveniently come up in the same place online) and have just signed up for another better interest savings account, so in a few months I will simply have a current account and a savings account.

Might max out another ISA after April if I can find on that's better interest than the savings account I got.

d_brennen · 26 Feb 2011 at 15:26

3 current, one business, on joint and one secret

d_brennen · 26 Feb 2011 at 15:33

Pho said:
I've got two current accounts - NatWest and Halifax (I don't use it but left about £20 in there years ago to keep it open).

People probably have multiple accounts to spread their money around. If your bank completely failed the Government will pay back the first £50k of your money. If you spread your money over several different banks you have £50k safety at each of them. Spread the love .

If you have that much money in a current account for that to be an issue you need your head read by a specialist!

Pho · 26 Feb 2011 at 15:37

Moses said:
Actually, it's £85 000, per person, per institution.

Oh even better

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d_brennen said:
If you have that much money in a current account for that to be an issue you need your head read by a specialist!

It applies to everything as far as I'm aware, so if the total sum of your money in a certain financial institution > £85,000 you're going to lose out.

apeZ · 26 Feb 2011 at 15:41

3 current, 1 ISA.

semi-pro waster · 26 Feb 2011 at 15:48

Moses said:
Actually, it's £85 000, per person, per institution.

The £85k is for the overarching institution though isn't it? e.g. if you had £50k in Alliance & Leicester (let's pretend they've not been renamed yet) and £50k in Santander then you're still only covered for the £85k in total since they've got the same parent institution i.e. Santander.

Which does mean you may have to be a little bit careful about where you're spreading your money if that is a concern.

Judgeneo · 26 Feb 2011 at 16:22

semi-pro waster said:
The £85k is for the overarching institution though isn't it? e.g. if you had £50k in Alliance & Leicester (let's pretend they've not been renamed yet) and £50k in Santander then you're still only covered for the £85k in total since they've got the same parent institution i.e. Santander.

Which does mean you may have to be a little bit careful about where you're spreading your money if that is a concern.

Spot on

paulh · 26 Feb 2011 at 16:42

I have a few

Barclays for current + a bill account + ISA and a Virgin credit card for fuel etc. (CC gets paid every month)

PMKeates · 26 Feb 2011 at 17:10

I currently have two - one with HSBC, another with firstdirect. At some point in March I will close the HSBC account and move to a single account with firstdirect. I only have two accounts at the moment because of the transfer period.

Gelly54 · 26 Feb 2011 at 18:02

i have 1 bank account and honestly i fail at money stuff

AtticusFinch · 26 Feb 2011 at 18:09

I use Coutts for my current account and some investment accounts in the UK. I also have foreign curreny accounts through HSBC and Citibank for US dollar, Euro, Hong Kong dollar and Malaysian Ringitt accounts and a few other other ISA and investment accouunts with other banks. My personal account manager, investment advisor and accountant keep me up to date with everything, so it's not too hard to manage everything.