Many of us have current accounts with more than one bank. Some have several. Because we can.
Just for fun imagine we lived in a world where no one was allowed more than two personal current accounts. Assuming you’d want one to be with Monzo, who would the other be with?
Or maybe you don’t need a second current account and your Monzo account on its own would be enough for you?
Or maybe Monzo wouldn’t be one of the two you’d use?
Vote in poll below
- If you use a joint account, in this scenario it would have to be with one with the banks you’d use for your personal current accounts. So if you have personal accounts at bank A & bank B, joint account would have to be at one of those banks.
- You’d be allowed to have as many prepaid/emoney accounts as you want (Revolut, Dozens, etc).
- You can use more than 2 banks to access financial products other than current accounts. So savings accounts, credit cards, and insurance for example could be accessed from banks other than your current account banks. But not where the product is dependent on having a linked current account with the bank. For example if you want HSBC Regular Saver you’d need one of your current account banks to be HSBC because its dependent on having a current account with HSBC.
- I don’t know if banks who provide both mortages and current accounts insist on you having a current account with them to provide a mortgage. But for the purpose of this scenario, I’m going to say banks won’t be allowed to do this so mortgage provision removed from considerations.
- Monzo wouldn’t be one of the current accounts I’d use
- I’d only use Monzo. Wouldn’t have a second current account
- Allied Irish Bank
- Bank of Ireland
- Bank of Scotland
- Clydesdale Bank
- The Co-operative Bank
- Danske Bank
- First Direct
- Metro Bank
- Royal Bank of Scotland
- Ulster Bank
- Virgin Money
- Yorkshire Bank