Ask Andy #64: Your money questions answered

My regular round-up of your personal finance questions.

I love hearing from you, whether it’s on the blog, social media, YouTube or email. Often you’re asking me questions about your finances, and I’m always glad to help if I have the time.

But I realised that my answers could also be useful to other followers. So I’ll be putting my responses to the best questions into regular articles here on the blog.

Keep reading for some of the questions I’ve been asked, plus the video live from this week with even more!

Watch the latest live Q&A

Every couple of weeks (usually on a Sunday or Tuesday evening at 7pm) you’ll find me live on YouTube and Instagram answering your questions. It’s probably the best place to ask!

Here’s the latest video:

This week’s extra questions

If you’ve asked me a question elsewhere, you might find the answer below!

Can we switch to the same bank three times?

Hi…is it possible to switch bank accounts providing we meet the requirements for the wife, myself and a joint account….so 3 accounts would we get 3 times the cashback money?

Neil, via the Facebook community

As long as you meet all offer requirements you can both switch to your own personal accounts as you’ll always be able to get the offer once per person. However it’s very rare you’ll be able to get an additional switch bonus for also switching a joint account. In fact only Nationwide has ever offered this.

It’s also worth saying that if you do switch to a joint account for a bonus before switching personal accounts, it could rule out both account holders from an extra bonus.

Are there any good prepaid cards?

I am looking for a preloaded card to use in the UK only that can be topped up with cash and has no admin fees or transaction fees  ….  is there such a thing or am I limited to a gift card?

Indigo, via email

There are some. Hyperjar is an app that offers this, or the Tesco Clubcard+ card. But you could just use something like Monzo, Chase or Starling in this way, and top them up as and when you need extra cash on there. There won’t be a hard credit check (as long as you don’t ask for an overdraft).

How do I know if I’ve had a switching deal?

I want to take bank switching more seriously but do not have records of previous accounts held and incentives I have received. Is there any way of finding out? Also would a bank tell me if I asked?

Martin, via email

If you don’t have access to the statements you can request them from your old bank for up to five years after closing your account. Some might charge for this. It’s worth seeing if you still have access to online banking as that might have statements too.

Or you could always call them up and see if they can tell you whether you’ll be eligible for a current offer

Do I need to change my address?

I’m looking to get my first credit card. Around four months ago I moved away from my parents home and I’m renting in a different city. I’m registered to vote at my parents address, all my bank accounts are registered there and this isn’t something I intend to change as the new house may only be temporary.

However when applying for a credit card it does ask how much I am currently paying for rent and my address. Do I have to put the new address where I’m renting even though the rest of my credit file is at the old address and if this is not the case what would I put for my residential status?

Michael, via email

So I’d put the address where all your banks and other accounts are registered. And once you have a more settled home you can move everything over. Don’t forget to register to vote at the new address once you’ve done this. Here’s more on ways to boost your credit score.

Our podcast

Listen to Cash Chats, our award-winning podcast, presented by Editor-in-chief Andy Webb.

Episodes every Tuesday.

How to ask me questions

The best way to get in touch is in the Andy Clever Cash Facebook community

Just post your question any time, or ask me in my live fortnightly Q&A every other Tuesday (which is on Instagram and YouTube).

I can’t promise I’ll be able to answer all questions but I’ll do my best.

If you want to contact me via other channels I tend to look once a week at all the messages, but it can take longer – so you might have to bear with me for a reply.

You can also comment on individual blogposts and videos or ask me questions via these channels:


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