I have the below cards. I feel so overwhelmed with having four accounts. What do you suggest I do to compress or what do you suggest? Is this normal to have four bank accounts?
StGeorge: All the direct debits come out and my wage goes in there.
AMP: Keeping savings there for interest
HSBC: 2% cashback
Commbank: Joint bank account with separated husband with nothing in there unless paying for something or transferring to each other .
I urge you to start a small business or a self managed super fund to really boost those numbers!
Perhaps drop the Commbank and say you will transfer to the exe's account directly? But then you won't be able to see if they paid the bill.
And decide if the AMP account extra interest is worth the hassle. It is likely delivering very little. And if you really hate it, drop the HSBC card too, if 2% of your expenses is worth less than the hassle.
The big banks offer combination products that do most of these functions with less attractive interest rates and cash back, but maybe they would be less hassle?