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Bank accounts all come with their different perks and different motivations for having them. From our savings accounts to our day-to-day banks, sometimes we can have multiple bank accounts that we need to manage.
It’s totally normal to have multiple accounts, and even be banking with several different providers. Sometimes, though, it can become quite confusing and time consuming to manage multiple bank accounts.
So how can we manage multiple accounts better? Here are some of my top tips for it, including why Roqqett is the best app you’ll download all year, with a bit of an overview, firstly, as to why having lots of accounts is a good idea.
Why is it a good idea to have multiple bank accounts?
Different financial institutions and various types of accounts can offer different benefits and perks when you sign up to bank with them. As a result, it can be really helpful to have a few accounts open, for different purposes.
For example, I personally have a day-to-day bank account with Monzo, my Graduate account with an overdraft with Santander, a savings account with Santander and a lifetime ISA account with Moneybox.
Each of my accounts offer different benefits, protection and user features that suit each need I have for them. For example, a bank like Monzo that offers round-ups, pooling different pots of money, and splitting bills is not a necessary feature for my savings. So it’s important for me to have a specific bank account for my savings that offers nothing other than a decent interest rate and protection for my money.
It’s a good idea to shop around too, for interest rates, other benefits such as cash back schemes, and to find what you personally like about your accounts.
So, what happens when you have four bank accounts, with three different providers, as well as two money managing tools and three budgeting apps? Well this is where my tips will hopefully help you and show how Roqqett can help you with managing multiple bank accounts.
1. Work out exactly what you use them for
As mentioned above, if you have lots of bank accounts, it’s probably because they each serve a different purpose.
The first step to managing your various bank accounts better is to work out why you have each one, and whether it needs to be checked that often and adding to your money worries.
For me, I am constantly checking my Monzo account, but I never really check my savings account. This is because I know I won’t have spent any of my savings and don’t need to monitor my outgoings on it, so it can sit there nicely and accrue interest.
It’s also a good idea to review whether you actually need all of the accounts you have open, or if you can merge any of them.
2. Have a plan in place
It’s also important to know why you’re managing your bank accounts. Are you just wanting to keep an eye on the amounts? Are you tracking your budgeting goals? Or are you making sure you can afford your day to day purchases?
Whatever it is you want to do, it’s important to have a plan in place and keep your goals in mind, as it can dictate exactly how you manage your money.

3. Download Roqqett
Once you’ve done steps 1 and 2, the next best step to better money management is downloading Roqqett.
Roqqett is a new finance app that helps you to see all of your money, in one place. Not only does it offer the perfect solution to managing multiple bank accounts, it also provides a new way to pay, move and receive money.
By having all of your bank balances, transactions and payment capabilities in one place, it makes money management a lot easier. This makes it extremely easy to monitor your finance goals, and makes sending and receiving money quicker than ever – with payment via ‘Launchcodes’, phone numbers, bluetooth and QR codes.
The app has so many incredible features that make managing multiple bank accounts so easy, and there are more benefits yet to come.
Managing your money is so important all throughout our lives, so it’s a good idea to get a better handle on our finances from a young age.
Hopefully by using these tips and downloading Roqqett, you’ll feel much happier about managing multiple bank accounts and staying on top of your finances.
Find more advice about money in your twenties here.
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