My analysis of the following 4 Banks.

I use Halifax, Lloyds, Natwest and most recently, Santander as my secondary banks. I decided to open these secondary bank accounts as it helps me with my budgeting. I have online payments and standing order payments that come out of my bank accounts every month, as do most people. I have found that I am better able to manage these payments through the utilization of the secondary bank accounts.

One common advantage that is shared by the four banks above, is : I was able to open these accounts online without having to go into the branch of each of these banks. This makes sense now. Especially since we are going through the Covid 19 pandemic. I originally had bank accounts with all of the aforementioned banks, with the exception of Santander. I was pleasantly surprised to discover that I didn’t need to set up new payments for my secondary Natwest account. The existing payments from my original Natwest account, can be used for my new Natwest account.

I am impressed with the ease of use of the online banking feature for Santander. Their site is easy to navigate and it is efficient as well. I use my laptop computers for my online banking duties. Santander, Lloyds, Halifax allow users to name their accounts. I am not sure if Natwest offers this feature or not. Halifax and Lloyds bank offer multiple savings pots. These are handy as you are able to save for specific things etc through these accounts. You can also set up payments via these accounts. These accounts do not offer debit cards. However, it doesn’t matter too much as these accounts can help with your bill payments and with budgeting too. Once you have money placed into those accounts for a specific purpose, you know that you will not spend money from those accounts until you have paid off what you were planning to pay off.