#2
All my accounts that earn interest and therefore have balances I use SO's. For accounts that need them I use DD's equalling the monthly interest to Tesco savers and then go in once a month and sweep that.



All my accounts that simply need a pay in once a month for other account benefits I do manually at the beginning of each month.

#3
I'm currently operating 20+ current accounts and 10+ Regular Savers



I use a mix of SOs and manual payments. I used to do almost everything manually but a couple of years ago was out of the country for several weeks and didn't want to have to use insecure internet connections to shuffle money around.



All but 1 RS are fed by SO, as are their respective 'feeder' accounts where I don't keep a large balance (eg First Direct, HSBC, M&S). I also try to make say a credit card payment, or use the debit card for those accounts, just so they show some 'current account' use



I keep a very detailed spreadsheet which I update at least once a month (more like once a week) having logged into every account to make sure nothing has been missed, cream off any interest etc.



It took some detailed setting up, but could be organised to run itself.

#4
Apart from funding for TSB (the first one I set up) which is funded by SO, I do all transfers in about 10-15 mins via the apps on my phone. Well, all except M&S which ruins the simplicity of the process.

#6
I have a set of standing orders set up for £200. Starts off in one account on Monday is back there by the end of week each week. I check payments have gone through by using the apps. (I make a manual payment before a bank holiday) I make separate payments into each account as well to cover the direct debits necessary on the accounts. Again I check these have gone out of the account. I have a spreadsheet which tells me how much I need to add in for the direct debits.

#7



I have a set of standing orders set up for £200. Starts off in one account on Monday is back there by the end of week each week. I check payments have gone through by using the apps. (I make a manual payment before a bank holiday) I make separate payments into each account as well to cover the direct debits necessary on the accounts. Again I check these have gone out of the account. I have a spreadsheet which tells me how much I need to add in for the direct debits.
Originally posted by datlex


Seems like a lot of admin, and some lost interest along the way?

#8
My setup is mostly the same as badger's at post #3, with the addition of 4-weekly SOs on Weds/Thurs to move money into and out from low balance accounts like Halifax. Tracking via MSMoney.

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