Current account - Monzo
Savings - cash under bed
Investments - Personalised number plates, Pokemon cards, percentage share in a Wasabi farm
Credit - bank of Mum and Dad
5 Likes
So many questions
1 Like
It’s archaic. My FD to Lloyds switch completed yesterday.
3 Likes
Mine changed, unexpectantly. In that I was fully intending on not moving and sticking with HSBC advance, but here we are.
Current:
Lloyds Platinum
HSBC Reward CC
Future:
Lloyds Platinum
Lloyds World Elite
Don’t accidentally not proceed with the Lloyds eligibility checker, kids. Otherwise you’ve got to wait 30 days to do it all again.
2 Likes
Current:
Revolut - Personal/Joint for most things
NatWest - Select with credit card for travel/emergencies and DRS collecting round ups on payments under £5 odd from the CA. Might open another select and convert it to reward for future.
Who I stick with for salary etc long term depends on the Revolut banking license transition…
For the chop:
Monzo - would irritate some friends but 0 loss to me
Santander Everyday - would lose cashback on edge credit card, feel the cashback credit card might be encouraging me to spend more and lose track…
Wouldn’t affect the Investments Hub which has already been linked to another current account (cheaper than Vanguard or Dodl for my modest Life strategy investment).
Other:
Zopa - pending application might let it die off.
Triodos/Tandem being wound down as fixed terms expire. Have some instant access I might close to aid spring clean feeling.
X1 Pension and Mortgage left off the list.
I’m erring on the side of consolidation rather than expansion…
I have no idea 
- the annoying thing is it’s not an eligibility thing either. The first time I did it, I was accepted and given a choice of cards. I sort of wish I’d pushed on here, but didn’t want to open a CC and incur a hard check if I was not proceeding.
I also know this because the process doesn’t talk to each other. In that when I did decide to apply, I did the checker, which said they can’t offer me a card, and then got an email saying I’d been approved and to go back into the app to apply, which pushed me back to a no because of the 30 day thing.
I really don’t know how they could make it harder tbh.
Quite a bit of spring cleaning completed. Added a small overdraft to Santander to get around my nervousness re lack of notifications for DDs.
Monzo Max: salary, standing orders, non-utility DDs, spending
Santander Edge: utility DDs, EV charging, emergency fund in Edge saver, credit card with BT that will be cleared in next couple of months
Amex: occasional travel bookings, otherwise not used much
Dormant: Revolut
Closed: Principality, Skipton
To be closed next week: Zopa
Calm
3 Likes
This has been probably the first month in a good while where I’ve not had money across a few different accounts… got to say it’s so much easier on the brain 
8 Likes
I think this is something people underestimate when they are chasing 0.1% somewhere else, moving for a bonus, moving for a freebie.
Sometimes you forgo that extra to make life easier.
7 Likes
Now with account swapping if it’s quite quick I get it - but stuff like people manually filling nespresso pods to save some pennies…
2 Likes
Simplified even more.
Decided a couple of quid cashback per month wasn’t worth the stress of keeping track of direct debits going out of two separate accounts (one without notifications) so going to CASS Santander back into Monzo.
My wallet is looking very clean:
5 Likes
I really like the white numberless eco Wise card - much prefer it to the green one.
Do wise have any plans on becoming a bank?
I don’t think they do, even though they offer direct debits, interest on savings, debit cards etc. I really like Wise’ simplistic app, numberless card etc, but wouldn’t use them as my main account.
For now I just transfer money over and use them when I’m abroad. Never had any major issues with them, the only small thing was when I deactivated my account and reactivated it later on, my debit cards remained frozen and I could not unfreeze them. A quick email and it was resolved.
I personally prefer and trust them more than Revolut.
I agree, the app is just as slick as Revolut but far less cluttered (and doesn’t contain all the things I would never use). It’s also the only easy way to get a non-UK IBAN (required for some SEPA direct debits).
3 Likes
Is there any benefit to this over just spending with Monzo?
I don’t have a Monzo account.
In my experience Wise have slightly better rates depending on the currency, e.g. spending 20000 THB right now would cost £461.97 with Chase and £459 with Wise. I’m not sure if Monzo use the same rate as Chase or Wise…
It’s also cheaper to withdraw cash with Wise than Monzo (1.75% and 50p vs 3% over £200).