i havent checked all your videos,but please do video on business cards (debit/credit ) and accounts which are good for business and resources to raise large business capital.
@BeCleverWithYourCash3 жыл бұрын
@@AmarjodhSingh Hi Amarjogh - you can find videos on both the best business current accounts and best business credit cards on my channel
@tommypayne3 жыл бұрын
Two: a UK one for salary, SO’s and DD’s, and another one for abroad use only (Starling) as it’s free to use and withdraw abroad. I pay a little into it each month. If anything were to ever go wrong with the UK account at least I have that one there as back up too.
@TheSubtleInvestor3 жыл бұрын
3 ... one for usual DD (where wage comes in), 2nd one as a backup (different institution) and one for daily usages where I basically try to give myself a budget and stick to it
@witalij_r23 жыл бұрын
More than ten in nine banks
@mAcroFaze3 жыл бұрын
I'm actually surprised you didn't mention that every bank is insured for up to £85,000, so if you ever find yourself in a position wherein you've accumulated more than that amount, it's worth opening up an account with another bank elsewhere so as to remain fully insured for all your money.
@Alan-lb8ef10 ай бұрын
Maybe because he'd assume that someone with that kind of money would already be aware
@mAcroFaze10 ай бұрын
@@Alan-lb8ef That's what happens when you assume: Makes an "ass" outta "u" and "me" XD
@clyde25982 ай бұрын
To do this you need to ensure the banks don’t share the same banking license as they’re treated as one bank. For example, if you have an account with HSBC and First Direct you’ll only get one £85000 across both banks as they share the same license.
@RabyaBegum2 жыл бұрын
I have total 5 accounts. Natwest - salary Santander - utility bills Barclays - backup HSBC - holiday fund Starling - everyday spending
@BeCleverWithYourCash2 жыл бұрын
A great mix there! Are you getting the Blue Rewards each month from Barclays and the Rewards from Natwest? You need a few direct debits but will add up to £120+ a year
@stevemac57 Жыл бұрын
At last! Someone who gives real answers and solutions to real questions! Thanks Andy!!!
@pandabossanna3 жыл бұрын
Your first reason is why I have multiple investment platforms but I never thought about it current account wise!
@JamesFitzgerald053 жыл бұрын
I recommend a Monzo account. I use it as a personal spending account and little savings
@BeCleverWithYourCash3 жыл бұрын
Hopefully it wouldn't be a problem but you just don't know!
@BeCleverWithYourCash3 жыл бұрын
Yes, good account for spending!
@kickedinthecalfbyacow75492 жыл бұрын
Or you could use a credit card for a couple of days
@DanJHayes8 ай бұрын
The benefit of closing those dormant accounts is that you can be eligible for switching offers after a period of time.
@deltaechomusicnh5554 ай бұрын
That's if the bank will take you back. Some banks eventually blacklist you if you keep opening and closing accounts.
@whatwhattowns Жыл бұрын
I created various accounts under NatWest. One for saving, one for disposable spending money, one for bills. Thought I was crushing it but never considered going a step further and opening with other banks instead.
@NnekaLuke Жыл бұрын
Just found your channel and I appreciate the way you communicate about financial matters. Thank you and I'll be watching.
@TheSlowworms2 жыл бұрын
I’ve wanted to open several accounts for a while now so I can budget better but I wasn’t sure how to go about it so this has helped massively! Thanks
@kimberley3813 Жыл бұрын
4, Halifax as my main account. Chase for day to day spending and occasional 'potting', also ticks the overseas box if that were to be required. My 'switching' account went to Natwest for £175 (£200 on offer now, typical) but I'm keeping it for the Regular Saver. And Nationwide (had it the longest, closest branch, only account I have a cheque book for and they periodically offer good accounts that require it.) Need to sort a new switching account as I recently missed an offer because I didn't have any I could sacrifice.
@RoadtoFIRE3 жыл бұрын
Loved this. We have about 10 accounts but might consolidate a few.
@BeCleverWithYourCash3 жыл бұрын
Yeah could be worth narrowing it down a little, though they don’t do any real harm being open if there aren’t any fees etc
@nicknikipediacaulkin59433 жыл бұрын
Very informative Andy! It has certainly made me think about having more than one current account - thank you!
@BeCleverWithYourCash3 жыл бұрын
Glad it was helpful!
@BeCleverWithYourCash3 жыл бұрын
You can read more about this topic in my blogpost becleverwithyourcash.com/why-you-need-more-than-one-bank-account/
@_signorinaeffe_53223 жыл бұрын
Thank you Andy! Really useful video. I had already 3 accounts but I am going to open one more. Keep going 👍👍👍
@BeCleverWithYourCash3 жыл бұрын
Glad it helped! What account do you think you’ll go for?
@azr62883 ай бұрын
I bank with 3. In Australia I have CBA as main salary. With NAB as my secondary bank for bills groceries coffee brunches leisure . Then I have ANZ for credit card
@Ihavegoneinsane3 жыл бұрын
Just got my second one with nation wide and I get recommended this
@user-fi6vl4qq3u3 жыл бұрын
Thanks Andy for your valuable advices 🙏 please make more videos like this 👍
@BeCleverWithYourCash3 жыл бұрын
Will do!
@lucyeze91342 жыл бұрын
Thank so much for this content , very helpful. I heard you said you can open an account for the sake of switching purposes. Can you use that same account to switch multiple times ? Or I didn’t get your explanation correctly? Thank you
@johngoochy14322 жыл бұрын
Thanks Andy. Got 4 accounts, great advice. Probably need to look at starling as well for overseas spending.
@BeCleverWithYourCash2 жыл бұрын
Yep, or the new Chase account is decent as it's fee-free abroad and you earn cashback kzbin.info/www/bejne/gIrQnGSPl6-leM0
@linlindsay34173 жыл бұрын
Thank you keep going!
@BeCleverWithYourCash3 жыл бұрын
Thanks Lin!
@margueritehuggett4402 жыл бұрын
If your replacement card gets 'lost'[or stolen]/in the post a local branch is very useful.
@sandram34123 жыл бұрын
Thanks for sharing !
@mulengaish Жыл бұрын
Awesome video!
@stippolyte3 жыл бұрын
Purely by accident a while ago, taking advantage of the cash bribe to switch current account with 5% linked saving acc. New acc opened but old one wasn't closed, never bothered to close it.
@Mathspaperks1ks23 жыл бұрын
Very useful sir thank you very much I really really appreciate it.
@BeCleverWithYourCash3 жыл бұрын
Thanks! So glad it helped
@sniffrat36463 жыл бұрын
Hey mate, thanks for the video....I was wondering where to put some money (possibly six figures) that I'm going to be inheriting soon. Maybe you have a video on that?
@BeCleverWithYourCash3 жыл бұрын
Hi, thanks! Right six figures...!! Well you won't need that all in cash, and as long as you are willing to put it away for at least five years then investing, overpaying mortgage and contributing to your pension are probably your best bet. But don't forget clearing any debts.
@sniffrat36463 жыл бұрын
@@BeCleverWithYourCash great thanks!
@martinjclarke3 жыл бұрын
Thanks for the brilliant (as always) video. The Quidco TSB is showing as £24 cashback for me, not £80...?
@BeCleverWithYourCash3 жыл бұрын
Thanks Martin. The rate moves about! Usually it’s around £30, but has been as high as £80. If you can, I’d wait and keep checking until it reaches a point you’re happy with (maybe £45/50?)
@martinjclarke3 жыл бұрын
@@BeCleverWithYourCash thanks so much for the helpful reply
@cloudyskies13233 жыл бұрын
The switching account you refer to is a mule account.
@SneakyGenius2 жыл бұрын
Club lloyds current account and a Chase account, that's all il ever need.
@lukaszgrala Жыл бұрын
Andy. How to start switching? Witch acc you would suggest to open just for a start to use it within a day or two to start switching? Thanks
@JackT21 Жыл бұрын
I have 3 nationwide current account wich is my spending account Natwest current account savings and lloyds direct debit and bills etc. So. Handy to have a couple
@keefhk11Ай бұрын
Any experience of lack of customer service from your bank(s)? Have you involved the Financial Ombudsman? Are they any help?
@emmafiander320611 ай бұрын
Your videos are so cool 😎
@anaymakan69897 ай бұрын
i opened multiple accounts, the issue, i did it in a short space of time so my credit score dropped. Hopefully it's only temporary and will recover, not really an issue at the moment as im a student but still a silly mistake of me
@clive182273 жыл бұрын
Where you talk about switching and switching again etc. I think you should warn people that it WILL impact their credit score so switching is not a good idea if going for a mortgage or other credit application. I would advise to switch sparingly due the the credit score risk. No one needs as many accounts as you, so you telling us you have 16 or so was irrelevant and not helpful. I know you qualified it by saying you test the products and features etc. So thats why you have so many. I only have 2 current accounts and a separate savings account with Atom Bank. Nationwide-for income, billls etc and Starling, for grocery shopping and quick everyday spening on small things. Works very well for me! By the way love your presenting approach. I used to watch that other guy....but I find he is too 'posh' and a little snooty, to the point he isnt giving advice rather, he's telling people how much money he has. Sorry Sasha Yanshin, I speak as I find. Would love to see a video on the best bank awards and what that means. When banks show their scores I note they only show their best scores...im curious which to believe.....is trust pilot reliable on best banks or should one trust banks own awards table?
@BeCleverWithYourCash3 жыл бұрын
Hi Clive, glad you're enjoying the videos. You're absolutely right there - and I've actually got a full video on the impact of switching and opening new accounts has on their credit report! Online reviews and awards are always hard to assess. People rarely shout about good experiences but are happy to share bad ones. While I find most awards a bit pointless.
@aaryan_wagh1252 жыл бұрын
I'm an international student coming to the UK in September 2022 for my undergraduate degree I'm thinking of opening 3 Bank accounts Barclays; Current account HSBC; International students account Monzo; Digital Bank These are along with my 2 accounts in India SBI and Niyo global Any tips?
@Chris-Corcoran3 жыл бұрын
Andy i get the point of a 2nd account for bills ect... for me its about making money i use club lloys max about £40 a year in intrest and then live on my Amex pay off in full making about £70 a year in total £110 a year from my day to day banking and living costs.
@BeCleverWithYourCash3 жыл бұрын
Great. Check out the Halifax Rewards too -spend £500 a month and get £5 reward. I use it to pay off my cashback credit card!
@ChordsForU3 жыл бұрын
Andy, I’m currently saving for a house deposit, I’ve got about 6.5-7 grand saved at the moment. My tsb account has stopped paying interest now so I was going to switch that to a virgin money account but I’m worried about this effecting my credit score. I get my wages paid into a NatWest account and use that for my daily spending.
@BeCleverWithYourCash3 жыл бұрын
HI Chords. So opening a new current account will have an impact on your score, but nothing major. The general advice is to leave any applications if you're planning to buy with in the next six months. I assume you've already looked at lifetime ISAs?
@ChordsForU3 жыл бұрын
@@BeCleverWithYourCash Thank you for the reply Andy, I have a H2B ISA and since you can only get the bonus on one I've not opened a LISA. Do you think it would be a good idea to open one anyway? I put 200 a month into a H2B ISA, I have the 3% interest Natwest account that I put the full 50 into every month and a 0.25% Natwest regular saver that I also put 50 into a month. I was putting some into a TSB linked saver which I'm now just leaving in my TSB account instead since that account has matured now but now I'm not getting any interest on that so it's just sitting there. I've also got about £800 in various stocks through eToro and Trading 212 that I had as 'spare money' after maxing out my savings accounts.
@maxwelldurrans9272 Жыл бұрын
u can't save for a house
@rutube007 Жыл бұрын
I think some credit agencies punish you for having multiple current accounts. Is this true?
@samuelcairns7116 Жыл бұрын
No. As long as you're not in multiple overdrafts, current accounts have little effect on credit scores (I.E. your credit score doesn't get affected if you have multiple accounts open). Bear in mind if you do want to open a new account, your credit score will be affected as it will most likely be a hard search (with a few exceptions as some do soft credit searches)
@DarylSkinner6 ай бұрын
I got 8 banks
@danielh.420 Жыл бұрын
how often do i have to use spare accounts? will they get shut down if i just put money there and leave it for too long? sorry im new to all this and im 18, will it make my credit score down?
@allenmathews19753 жыл бұрын
Hello Andy, Thank you for the video, Does having/opening multiple banking accounts effect the credit score
@BeCleverWithYourCash3 жыл бұрын
Hi Allen. It can, though it's rarely much of an issue. You can watch my video about this here kzbin.info/www/bejne/hXbRl6uXq8irrNU&t
@ranvirsingh16132 жыл бұрын
@@BeCleverWithYourCash unfortunately I opened 5 current account, I want to close down two of them, will it effect on my credit score? if yes how much and when will it resolve?
@melanoire3 жыл бұрын
Hi Andy! First Direct now offering £100 to switch to them. I have been waiting for this opportunity for a while! How have you found them? I hear the customer service is meant to be really good? Not many perks other than 1% reg saver
@BeCleverWithYourCash3 жыл бұрын
Hi Melanie, the regular saver used to be great (5%, 6%) but yes, 1% isn't amazing (though better than many other accounts). I find the security a bit annoying on the app.
@cloudyskies13233 жыл бұрын
@@BeCleverWithYourCash I have more faith in the keypad log on system over sms every time. The sooner sms goes the better. Security is more important than convenience. As a first direct customer for 4 years the only issues I have had are account login due to maintenance or the odd IT issue. Nothing like TSB, NatWest or HBOS.
@samc123453 жыл бұрын
Why would you want a separate account for daily spending? Isn't that what our reward credit cards are for?
@BeCleverWithYourCash3 жыл бұрын
Totally. But some people don't like to use credit cards or don't feel confident budgeting when everything comes out of the current account a month later via the credit card bill.
@yaseenhussain3 жыл бұрын
what would you say the best highstreet bank is?
@BeCleverWithYourCash3 жыл бұрын
There are so many factors! Overall - I think Halifax has a decent reward account and the app is getting better too. Nationwide is the most ethical (as with other building societies) but the app needs lots of work.
@stuartmackenzie7465 Жыл бұрын
Get on with it Andy
@jakesmart27243 жыл бұрын
how do i make two accounts for my savings? i’m not barclays
@BeCleverWithYourCash3 жыл бұрын
Hi Jake, you can open up multiple current accounts at different banks, and you can have multiple savings accounts too - even if you don't have a current account with those banks. Simply apply for the ones you want. I've plenty more videos about the best options for both bank accounts and savings on the channel
@BIGG_110 ай бұрын
Does the same bank allow you to have more than one current account?