HSBS = Main
Santander = Joint bills account
Chase = cash account
Monzo = still exists because I’m an investor but not really use and just has a few hundred in it.
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Santander for money in and DDs.
Monzo for occasional (especially foreign) cash withdrawals. I also pay my mobile bill through Monzo because I can’t be bothered to change it.
Nationwide for most of the savings.
Starling for cheque deposits (though Santander could take this over if I can be bothered to find it in the app).
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Monzo - Salaries, Direct Debits and card expenses
Barclaycard - Backup card expenses in case monzo ever fails
Trading 212 - Savings/Investments (ISA)
I’ve only moved from Barclays to Monzo about 3 or 4 months ago and it’s been revolutionary for me in managing my finances. I love it. Just needs custom categories on joint accounts and I’d be set.
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Nationwide for getting paid into
first direct for direct debits and bills
Spending is spread thinly across a range of credit cards
Chase for savings and some credit card direct debits
Some current accounts with £100 in them for cash withdrawals if necessary (very rare)
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Ahhh yes I remember that one now too. Shoutout to @AlanDoe for a merge 
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How’s everyone’s financial setup starting off 2025?
Mine are:
Chase - spending and saving goals
Monzo - Bills (might move to Santander edge account)
Santander - Savings (2x Edge Savers, Maxed)
Starling - Savings
Also have HSBC, Nationwide accounts that are not used.
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Santander Edge - income, bills, foreign spending
Santander Savings - Edge saver and monthly saver
First Direct Debit - not really used
First Direct Gold Card - big purchase
First Direct Regular saver
HSBC debit and global money - not really used
HSBC montly saver
Amex Reward - everyday spending
Barclaycard forward - back up if Amex not accepted
Yorkshire building society - main savings in easy access saver, also have 8% regular saver
I know this is a lot of accounts. Might reduce the number of regular savers when they start to mature and I get board of chasing the better rates
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Current Accounts are:
-
Lloyds Private is a joint account. (Our mortgage has always been with Lloyds, used to service that)
-
Sole HSBC Private account. (Used for investements and for overseas mortgages)
-
Sole and joint Coutts accounts. (We also have one sole savings account each and one joint savings account) Salaries are paid into sole accounts then a portion transferred into our joint account to service all our bills.
We tend to leave a substantial buffer in all accounts to reduce admin, where possible.
That’s it for current accounts.
Credit Accounts are:
- Coutts Charge
- Amex Centurion
- Arbuthnot Charge
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I’ve tried to cut down my accounts but find it hard to close them, I just want a simple set up.
I feel I can definitely close my global debit account. The rates really aren’t the best available.
I think opening HSBC wasn’t necessary but for some reason, I felt like I should have an account with one of the big 4 at all times just in case. No idea why really. Just how I felt (FD didn’t count).
If I can streamline my savings and get rid of my HSBC global money, it would certainly be a bit easier to manage
I think I’ll end up with
Santander debit and edge saving
FD Debit dormant, gold card used
HSBC dormant
BC and Amex for every day spending
Yorkshire for my savings
Would feel less cluttered, even with a few dormant accounts
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Finding one bank just isn’t happening for me. I like Santander for debit and the edge saver, but it’s other saving rates are terrible. Their credit cards also aren’t great for me either. It’s why I have my accounts all over the place. Just going for the onwa that are good for each individual product
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That’s exactly what I want, just one bank but there is always something missing, I don’t know why it’s so hard to choose. My Mrs always says “it only holds your money” don’t why I find it hard to choose.
I do like Monzo and I have never had any issues with them but I do feel I’ve outgrown them as I am in my early 40’s and for some reason don’t like the bright hot coral card at my age 
it is directed at more younger audience than me and the app I feel is too hectic.
I see a lot of people using HSBC, the thing that I would like is to change account names as I do have “pots” in monzo & chase to keep money for different things, I like to name them
Nationwide is ok but the thing missing from them is, you can’t check your pin, it’s not a deal breaker but it’s something I like to have available, incase I need to use chip & pin if I’ve left my phone, as I said it’s not a massive thing.
Santander I do like, I have thought about going with them but I just can’t seem to get away from monzo or chase.
Starling I only use for the 4% savings
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Also trying to simplify after a year of chasing all the switching bonuses and trying every bank going.
Salary, joint bills (via pots and virtual cards), most solo bills, daily spend: Monzo (Max)
Bigger purchases: Monzo Flex
Fixed term savings, regular saver, few DDs attached to the current account for the cash back: Zopa
Children’s ISAs, VISA credit card for occasional use where Amex not accepted, residual FlexDirect account in case I need a bank with branches or a VISA/Link debit card: Nationwide
Travel bookings, Sainsbury’s, Argos spend: Amex Nectar (might swap to Everyday Cashback if they will transfer my credit limit)
8.5% regular saver for a specific purpose: Principality BS (to mature May 2025)
To be closed: First Direct
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Monzo - Salary in, personal bills
NatWest Reward Silver - Household bills, mortgage etc
Chase - spending for the 1% cashback
NatWest Reward CC - groceries
Monzo joint - joint spending
Amex - don’t really use, would use for a big purchase
Barclaycard - emergencies, big purchase if they don’t take Amex
Monzo Flex - unused
Nationwide FlexDirect - just awaiting switch bonus payment
First Direct - also awaiting switch bonus payment then probably switch out to Santander for their switch bonus
Cash savings are with Chase’s boosted rate at the moment, not sure yet where to put that once the boost runs out
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HSBC Premier for day to day banking
Amex for spending
Barclaycard Rewards for non-Amex and foreign currency spending
HSBC InvestDirect and T212 for S&S ISAs and GIA
Various for cash savings
Other largely unused current accounts and credit cards
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I’m 100% the same, even with Apple Pay I turn the phone round so nobody see’s the hot coral.
Did you close your Chase account?
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HSBC UK Premier: Everyday banking + savings
Barclays Premier: Joint bills + Avios
Amex (several): Everyday spending
Virgin Atlantic Reward+ CC: Any non-Amex spending
Hargreaves Lansdown: Investments
Marcus: Savings
HSBC US Premier: Any US related income
HSBC Expat: Foreign currency savings
Banco General: Any Panama related income
Dormant or very light use: Chase, Revolut, Monzo, First Direct
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People can bank with who they choose, everything I have said is about my opinion and mine alone. Said in previous posts, I have out grown monzo (hot coral card, ka-ching sounds, busy app & emoji’s in notifications) I have moved things over to chase, for now.
It’s all my personal opinion on how I feel when using it, not saying you or anyone else should feel that way.
Not had any issues with monzo, just looking for something more plain & simple with some features I actually use.
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HSBC - salary and most bills
Club Lloyds - cinema (not used, going to change to Disney this month), few bills
Revolut - day to day spending
Nationwide CC - balance transfer
Jaja - balance transfer
HSBC Classic CC - unused
Zopa - some historical day to day/BT
Dormant
Monzo
Chase
First direct
Nationwide FlexDirect
Kroo
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Updated
HSBC - Salary and majority of Bills
Monzo - Day to day spends
Chase - Savings whilst rate is boosted
HSBC CC - 0% for 20 months
Monzo Flex - Use occasionally
Chase CC - Use for 0fx on holiday when I need a CC
Dormant -
Revolut
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