Current Accounts - Anyone have several?

[condor]

HonestIago said:

I have 3x BOS (paying c. 3%), 1x Nationwide paying just under 5%, 1x TSB also paying just under 5% and an RBS one which I get paid into and actually use as a current account as opposed to a savings stash!

Setting up the necessary direct debits was a bit of a pain but worth it for the interest these accounts (excluding RBS) generate.

I've just opened my 3rd current account but am getting a bit confused as to how to align the dates to pay the minimum amounts needed in.
I want the 2 interest paying current accounts to sort this out between them. The TSB current account reduces from 5% to 3% interest as of 4 Jan and also the amount it pays it on from £2000 to £1500. Minimum amount required is £500/month.
I've just opened a Nationwide account paying 5% for 12 months on £2500 but needing £1000/month. Thereafter 1% so likely to only have for 12 months.
The idea is that as TSB will be at 3% the standing order would be from TSB £1000 to Nationwide and 2 days later the same £1000 back from Nationwide to TSB.
Currently the TSB account is funded by my main account on the 1st day of month and the £500 is returned on 3rd day of month.

I'm trying to work out how to satisfy the requirements of the minimum amount being paid in at the correct time of the month, but also swopping the dates around. Anyone else had a similar problem?

Not sure

[jeff m2]

My wife and I have two, both joint.
One we use as our "general fund" we pay monthly bills and eat from it.
The second is for quarterly and annual bills, Real Estate tax, car insurance House insurance.

Works for us.

Savings and investments elsewhere, but linked.

[DonkeyApple]

3. 1 to receive monthly inflows, a second which all direct debits are assigned and a third for shopping. All firmly restricted so that they can't go negative, although that has been difficult in the past to get a bank to actually agree not to facilitate their 'unauthorised overdraft' wheeze. The DD and shopping accounts get fixed amounts paid into them each week to minimise what a third party could strip from them without permission.

Savings accounts are at separate banks so as to have no direct links.

[oyster]

10 for me

2 x Santander 123 (one joint)
3 x TSB (one joint)
1 x Barclays (for blue rewards)
1 x First Direct (for use of regular saver)
1 x Intelligent Finance (for offset mortgage)
1 x Nationwide (dormant)
1 x Halifax (for monthly reward fee)

[Jon39]

I have numerous current accounts, most with one, but there are three different banks.

The main reason is that each account is for a different purpose, in other words it simplifies the administration for me.

More recently, there have been a few instances where bank computers have collapsed and customers cannot do anything. With more than one bank account available, you won't be inconvenienced by such events.

A more likely problem occurrence is with bank cards. With two accounts, a loss or just a fail to work card, means you instantly have an alternative. Simple, but we sometimes only realise when trouble happens.