I honestly don’t know what’s changed but if you look at how many times I change my main account it annoys me but something just needs to do it in my mind.
As for having to move funds for spending, I probably have it too easy to spend via convenience ie either all on one card or over multiple.
Cant seem to find a way that works for me.
All in one account? Spend freely.
Multiple pots? Use a credit card as I cba to move it.
Impulse for sure, numbers and card types aplenty also don’t help, then a continuous sense of boredom (same in person, heavily distracted for no reason in my day to day). Work are supportive of my ways though
Is their a self exclusion service like there is for gambling for credit products?
I believe you can add friction using a cifas marker but if you could exclude yourself for 3-x months without it being seen as a negative for credit score (as you are taking control) I think it would be useful especially for those addicted to the Klarna checkout sort of system.
I am not saying you are a credit fiend, just a question for general folks out there as your post made me think about others with serious impulse control.
I get this a lot with banks. I like something from one bank and really want to try it, but then the grass is often greener and/or I get bored quickly.
As I used YNAB I’m definitely not a pots person, but I do think being on these forums makes you want to move banks more than normal.
Then I sometimes just think I should stick with one bank, same as my other half, build up a relationship with them, joint account, credit cards etc leading to a mortgage and just be… well, a grown up (feeling).
I wish there was a bank I liked that had everything: current account, joint accounts, savings, credit card, mortgages. With a nice app. And preferably instant notifications. And no fees overseas (I still do not understand why banks continue to charge them).
My other half is with HSBC, and he likes them. Unfortunately try as I might they only offer me a basic account with no real reasoning and even my local branch manager can’t figure it out.
I often get bored with banks but usually couldn’t be bothered changing, I did change 4 times this year though for my main account and then ended back with Starling anyway who I used as my main since 2019. I have started using Revolut as my personal spends account though, Starling is joint.
Also put me down as someone who gets suckered in by credit cards.
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Anarchist
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Like for our holiday to Germany this summer, my mum got an account with Starling so that we could have 0% FX spending, compared to 2.75% with NatWest.
I think there just needs to be more visibility about what Monzo/SB/Chase UK/fd/Revolut are offering in terms of 0% FX. And comparing that to the high fees charged by traditional banks.
(HOWEVER, as an U18 most if not all banks give me 0% FX on my current account so that’s a bonus )
I could apply friction but I’d quite simply get around it by attending the appointments/calls and sorting it out etc.
It’s possible I’d still be using Monzo if I hadn’t lost my white metal card (then someone posting it to me with my licence).
I can’t deal with the coral
Definitely some FOMO going on for myself with the options available.
I try this but I fail. Most if not all my friends have always had the same bank account, possibly adding monzo to keep up with the trend.
This 100%!
I may give Chase a whirl, it does essentially have everything I’d need - sub accounts, notifications, upcoming notifications, no lending (for now) which I think might help.
From account opening 3 years ago I’ve not used it much at all. It even has great merchant data and non caps across the app
Just not sure why I can’t bond with it, maybe due to not trying hard enough - but I don’t feel I should need to force myself.
You’re not alone, I don’t like the Chase app. And I can’t put my finger on why. Feels too cold and clinical perhaps with the all white with blue accents?
But then you get first direct which from a design view is great, but as others mention, the Home Screen account balance vs available balance issue doesn’t work for me.
And then tasks like checking direct debits, editing payees or setting standing orders etc isn’t as direct as it should be.
I’d have to check, but to set a standing order i think it has to be to a new payee, so I had duplicate payees in the list for the same bank.
I tend to use revolut card out and about but not for salary and bills as I think it’s barrier for credit options as turnover isn’t reported anywhere unlike high street banks.
RBS - salary
HSBC - some bills as I was curious of balance after bills - just can’t get on with the notifications format (not important to most but it’s bugs me)
Revolut - out and about spending
it annoys me but something just needs to do it in my mind.
I have started using Revolut as my personal spends account though, Starling is joint.
)
Mine hasn’t come yet, still think I’ll yolo buy the 24k version in a few weeks. 