Money Makes The World Go Round…
This year, the number of mortgages with arrears of over 2.5% of the remaining balance fell by 19 a day!
58. You Can’t Have More Than One Current Account!
It is widely believed that you aren’t allowed to open more than one current account but this is false, you can actually open as many as you want to.
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There are many benefits of doing this, one of them being that some banks will offer to pay you higher interest rates on your credit balances!
59. You Can’t Switch Bank Accounts If You Are Overdrawn!
Banks desperately want you to believe that you cannot switch bank accounts if you are overdrawn -but this is false.
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If you choose to switch to a different bank then your balance will be transferred, as will any overdrafts you have.
60. You Need Photo ID To Open A Bank Account!
While banks must ask for proof of identity before allowing you to open an account, this doesn’t need to be photographic ID. Documentation that proves your identity and your address is just as valid.
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