So i currently have a 'normal' current bank account with Natwest but want to set up a student account with Santander, should I just switch from Natwest to Santander or have two accounts? Is there any reason to switch?
Bank accounts, two or switch? Watch
- Thread Starter
- 31-07-2016 22:39
- 31-07-2016 22:59
It's more about what you plan to do with them and also if you can meet all requirements having two accounts. Like some need you to pay in £500 a month or something or you pay fees.
If having everything in the same account is easier to manage for you then you would switch. If not then you can have 2 accounts.
I personally keep 2 accounts. Pay the student loans into one, then transfer the rent and bill money to the other one so I always have enough for rent since I have to pay monthly. It's easier for me that way to manage everything. And then I also have a savings account that I transfer half of my wage to each month so I have something to fall back on and I get enough from my loan and half the wage to get food from.