Current Events > Is there a way to open like a sub bank account?

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Njolk
01/07/22 6:23:20 PM
#1:


I have x dollars for anything and x dollars specifically for home renovations

I want to see them separately but I don't want a savings account with extra rules and I don't want a second credit card

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Will_VIIII
01/07/22 6:23:57 PM
#2:


Yeah

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Health
01/07/22 6:24:25 PM
#3:


Why not open a second bank account? Use one for anything, and the other for home renovations.
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Njolk
01/07/22 6:25:29 PM
#4:


Health posted...
Why not open a second bank account? Use one for anything, and the other for home renovations.

Two credit card payments seems like a major hassle compared to just writing out a running tally

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Health
01/07/22 6:26:42 PM
#5:


Njolk posted...
Two credit card payments seems like a major hassle compared to just writing out a running tally

So you dont have the money already set aside?
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Njolk
01/07/22 6:27:28 PM
#6:


Health posted...
So you dont have the money already set aside?

It's all in the same account and I just keep notes on how much of it is for renovations

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CapnMuffin
01/07/22 6:29:22 PM
#7:


You can have multiple checking accounts, just be aware of fees, if any, and how theyre waived.
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Health
01/07/22 6:30:31 PM
#8:


Njolk posted...
It's all in the same account and I just keep notes on how much of it is for renovations

Maybe Im being stupid, or maybe banks work differently in your country, but why do you need a second credit card if you have the money already?

I would have 2 current accounts and use their debit cards for purchases if there is sufficient money in them.
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Pitlord_Special
01/07/22 6:35:28 PM
#9:


You can use budgeting apps to keep track of that stuff.

Though you can also get a few hundred dollars by opening a new checking account and changing your direct deposit to that account with some of the promotions banks have.

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Giant_Aspirin
01/07/22 6:42:35 PM
#10:


CapnMuffin posted... You can have multiple checking accounts, just be aware of fees, if any, and how theyre waived.

this is my suggestion, just open another checking account if you can't just track / budget this yourself.

Health posted...
Maybe Im being stupid, or maybe banks work differently in your country, but why do you need a second credit card if you have the money already?

was wondering this as well. my guess is TC means another debit card to buy stuff using funds from that account.


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