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Why having 2 bank accounts a good idea
Having 2 bank accounts has everything to do with being financially organised.

Thanks to internet banking it has never been easier to run any number of accounts, and also different credit cards.

Personally I bank with Natwest and find their services pretty good. I have a current account where my monthly salary is paid but then use a separate account, a Natwest STEP, to pay all my monthly bills.

So on payday I log in to my main account and transfer to my 2nd one sufficient money to pay for all my direct debits and standing orders for that month. I will also transfer a set amount to help pay for other bills such as gas and electricity.

See also secret number 8 - 10-30 minutes a week - all you need to be financially organised - which is one of this site's 10 Secrets to Good Personal Finance.


Using this simple strategy helps enormously with my financial planning and keeps control of my monthly budget. And as I said at the beginning internet banking makes it simple to operate any number of bank accounts.

Having 2 bank accounts is a classic example of good personal finance because -

  1. It makes sense, and
  2. It's simple to understand and set up

Good luck at better organising your finances.

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