I currently bank with hsbc. I want to keep my help to buy isa but want to close my current account and use a monzo one
If I use the monzo transfer tool, will it close all my accounts at hsbc? Or just the current? How does it work?
I don’t want to manually move things over as it’s a hassle. I will have to update everything for my automatic payments that pay me e.g update my payments with work (I have 3 jobs so that’s a lot of different income!) I also have family members and housemates pay me monthly and I’m a student so there’s student finance.
I’ve never transferred bank accounts before and feeling overwhelmed and unsure whether it’s worth it as it seems like a big process.