I have several bank accounts with different banks and was wondering whether this was a good thing or a bad thing.
My partner and I have sole accounts with different banks which we've had since before we met (over 15 years) and a joint account with another bank which we opened when we moved in together. We have another account which we had to open to get the mortgage we chose and which we have to deposit a certain amount in to each month. I also have a account from when I was young which I never use but have not bothered to close. My money transfers around the accounts to cover various payments etc, and I know it sounds disorganised but it works quite well for us, even though I am sure there are changes I could make for the better. But does using several accounts in this way effect my credit rating for the better or worse, or make no difference? Is it safer to have my money transferring around accounts in today's financial climate of crashing banks and fraudsters, or am I putting myself more at risk?
My partner and I have sole accounts with different banks which we've had since before we met (over 15 years) and a joint account with another bank which we opened when we moved in together. We have another account which we had to open to get the mortgage we chose and which we have to deposit a certain amount in to each month. I also have a account from when I was young which I never use but have not bothered to close. My money transfers around the accounts to cover various payments etc, and I know it sounds disorganised but it works quite well for us, even though I am sure there are changes I could make for the better. But does using several accounts in this way effect my credit rating for the better or worse, or make no difference? Is it safer to have my money transferring around accounts in today's financial climate of crashing banks and fraudsters, or am I putting myself more at risk?