I’m quite sad in that I have all the fintech accounts pretty much: monzo, starling, N26, Revolut… Just to see what they are all doing (does anyone else do that? ). I hardly use a coupe of them so do any of them have policies about deactivating inactive accounts?
As a side note, are N26 actually going to be adding anything useful any time soon? They launched that thing with the barest of bones!
Starling won’t let you reopen for a year after closing and it’s 10 years for N26. Might as well leave them open and chuck the cards in a drawer with all the other forgotten things you might use again someday
Your credit rating takes a hit each time you open a new account too.
A few people say that you have to have a ‘legacy bank’ to be with Monzo to bridge some of the gaps in their service, however, I’ve been with Monzo for over a year now and never needed mine. As a result my Natwest account will be getting closed very soon so I’ll just have my Monzo current and joint account
Personally if it is not charging you any fees I would keep it open, assuming it is a VISA card, just to have another option if Mastercard has any mini flutters (as both Visa and Mastercard did very briefly this year IIRC). Alternatively switch it to say Nationwide, benefit from their 5% interest for a year on FlexDirect and treat it as a savings account. You can also open a 5% regular saver with them for a year, and they do Visa cards, so three things in one. I would say that is enough benefit to keep it open as a secondary account.