Bank accounts


I’m over complicating it now. It all started with me trying to hoover up all of the switching incentives, for me, my wife and joint accounts. I’ve ended up with 23 bank accounts.
My Barclays ones allow me access to the 5% saver
Natwest pays me £21 per month rewards
Lloyds allow me access the 5% saver, and free cinema tickets
Halifax earns us £45 per month reward money
First direct is a 7% regular saver
Santander gets me 3% cashback on my household bills
Monese 1.25% debit card cashback
Chase 1% bank for when monese ends
Virgin I get 25% cashback at supermarkets
Monzo , Tesco, coop , tsb , Sainsbury nationwide, I’m going to shut all of those.
This is ontop of 6x credit cards to maximise cash rewards, 6 bank savings accounts, 2x lisas, 2x s&s isas, a few stock trading accounts , and a few park savings and friendly savers where I’ve clicked the Quidco /top cashback (just hit the £3k free cash on Quidco)… and goodness knows what else off top of my head.
How unusual is it to have this complicated a personal financial setup?
I should do this personal finance malarkey for a job.
 
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I’m over complicating it now. It all started with me trying to hoover up all of the switching incentives, for me, my wife and joint accounts. I’ve ended up with 23 bank accounts.
My Barclays ones allow me access to the 5% saver
Natwest pays me £21 per month rewards
Lloyds allow me access the 5% saver, and free cinema tickets
Halifax earns us £45 per month reward money
First direct is a 7% regular saver
Santander gets me 3% cashback on my household bills
Monese 1.25% debit card cashback
Chase 1% bank for when monese ends
Virgin I get 25% cashback at supermarkets
Monzo , Tesco, coop , tsb , Sainsbury nationwide, I’m going to shut all of those.
This is ontop of 6x credit cards to maximise cash rewards, 6 bank savings accounts, 2x lisas, 2x s&s isas, a few stock trading accounts , and a few park savings and friendly savers where I’ve clicked the Quidco / top cashback … and goodness knows what else off top of my head.
How unusual is it to have this complicated a personal financial setup?
Surely all those kick backs are based on usage and transactions
Natwest rewards for examples is standing orders I think ?
So surely you cant use them all for your repeat monthly stuff .?
I honestly couldn't be bothered to even read those " benefits "
I don't even think my natwest rewards is a good deal .There's a monthly fee to have it .
I have 2 accounts ,current and savings and 1 credit card
 
I’m over complicating it now. It all started with me trying to hoover up all of the switching incentives, for me, my wife and joint accounts. I’ve ended up with 23 bank accounts.
My Barclays ones allow me access to the 5% saver
Natwest pays me £21 per month rewards
Lloyds allow me access the 5% saver, and free cinema tickets
Halifax earns us £45 per month reward money
First direct is a 7% regular saver
Santander gets me 3% cashback on my household bills
Monese 1.25% debit card cashback
Chase 1% bank for when monese ends
Virgin I get 25% cashback at supermarkets
Monzo , Tesco, coop , tsb , Sainsbury nationwide, I’m going to shut all of those.
This is ontop of 6x credit cards to maximise cash rewards, 6 bank savings accounts, 2x lisas, 2x s&s isas, a few stock trading accounts , and a few park savings and friendly savers where I’ve clicked the Quidco /top cashback (just hit the £3k free cash on Quidco)… and goodness knows what else off top of my head.
How unusual is it to have this complicated a personal financial setup?
I should do this personal finance malarkey for a job.
That’s absolutely mental. Half of those will be worth buttons if you actually bother to work it out
 
Surely all those kick backs are based on usage and transactions
Natwest rewards for examples is standing orders I think ?
So surely you cant use them all for your repeat monthly stuff .?
I honestly couldn't be bothered to even read those " benefits "
I don't even think my natwest rewards is a good deal .There's a monthly fee to have it .
I have 2 accounts ,current and savings and 1 credit card
Yes, there’s criteria on each that I meet, usually direct debits into Savings accounts or regular bills etc.
 
Yeah, I’ll have a fresh look at them, probably keep the Halifax, Santander and natwest,……. And the ones where I get good savings rates….. as hell, I’m keeping quite a few at that rate. 🤦‍♂️

Did you not have the co-op one? Used to be decent cashback but they've since dropped it to buttons. But recently had a canny referrer offer on, so referred owa lass & got £125 each.
 

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