To be fair, I highly suspect you are at the extreme end of maximizing your ability to get absolutely everything you can. Most folks out there I guarantee will never do as you do, and that’s your choice and I can’t fault you.
For me, the multiple accounts you state you have, far too much faff involved for me personally.
Yeah I couldn’t be bothered with that!
I’m starting to close accounts because I just hate having loads of them. There’s something nice about simplicity.
30 mins of admin a month, being generous, including paying off credit cards, usually alongside watching something on telly. But yes, to each their own…
The question about there being “a point” was raised, and if £600/year doesn’t seem like “a point” then you’re all far wealthier than me.
Salary paid into Nationwide; all direct debits and standing orders are paid from Barclays; and all spending from Lloyds. Sometimes, I will use Chase for spending when I can be bothered to transfer the money into it.
I think that’s why the majority of people never switch their bank account. They want things to be as simple as possible, with no faffing around.
Current account wise…
Drummonds RBS salary and personal DD’s
Revolut joint for all joint bills, single used to settle group bill and a few other things
Kroo has a chunk of my emergency fund plus months spending money in holding
Cashback cards Algbra, Plutus and Uphold - will prob close Uphold when I get my $40 sign on bonus as don’t really need three cashback options
Burner switch Coop account going into TSB soon
Well, it is for you. I was using the phrase in the context of my own choices, i.e. I don’t see the point (for me) of multiple accounts doing this, that and the other when I’ve got everything set up in a way that works for me.
Other people will have their own ‘points’.
Ok, I cherry picked a small part of your quote, but no, I’m not personally a wealthy person at all, but what I’ve absolutely no interest in, is giving up even 30 minutes a month of my precious time counting out my money and purposely trying to maximise every possible gain I can.
Clearly your situation and what you choose to do, absolutely undoubtedly works for you, but there’s no way on this earth I’d jack myself up for 10 or a dozen current accounts because it’d just complicate things for me. I’ve got 3 active current accounts and to be honest, even that is one too many 
As for keeping dormant accounts, well again, each to their own, but as I stated earlier, if I ain’t using them it means I have no use for them and so they get cancelled.
My setup is pretty much the same and I too view this as easy money. I can understand that for some it would be stressful and/or more time consuming. There’s no way my parents could do it and they understand that they are giving up cash/rewards in order for less stress and more leisure time.
On a related theme, my dad happily spends an hour cleaning his car whereas I hate doing this and would rather pay someone to do it while I am doing some shopping.
Another reason why I would never have multiple multiple accounts, is that if suddenly dropped down dead, my Wife would have to deal with the utter absurdity of sorting out all of my financial crap. Ok, not my problem if I’m dead I envisage some of you saying, but it’s just a bag of unfairness in my view.
Gawd help my kids with that prospect, given my portfolio spread 
Especially around Halifax. Spend 500 a month or keep a balance of 5k? I can’t be bothered with topping Revolut up every month and we never even know how long that will be available for. At least you can automate transfers
The £48/month (can’t get the Santander 123 bit any more) is a ‘point’ for everyone. There’s nothing exclusive or particular about my arrangement.
You choose to believe it’d be detrimental to you, and it might be, that’s a point for you.
Not what happens, at all 
most of it is transfer in, transfer the same amount back out again. Standing orders see to everything else.
But sure if you want to believe this is a super complicated procedure which involves following a complicated system and a load of maths, and do yourself out of £50/month+(++), that’s entirely your choice.
Aye, I kind of expect people on these boards to be a bit more switched on than that though…
I have the same concern - I have a google doc with all the details on, which I keep up to date whenever it changes. She has most of the same banking apps on her phone (£15 + £6 + £6 is only possible with a second player).
Jobsaguddon. I don’t intend to die anytime soon, otherwise yes you’re right this would be a bit churlish…
I don’t top up Revolut and the effective interest rate on the ‘keep £5k’ option is very poor. A £500 debit card transaction takes 90 secs all in, and another 30 secs to transfer it back eventually (if needed).
If you’re happy with eventually losing your ‘add money’ facility on Revolut you could get it down to under a minute all in I reckon.
Yeah but where’s merchant that I can pay 500 to? Might work if you’ve got a fat credit card and salary I guess
I tend to pay off whatever credit cards I can first (Barclaycard make it particularly easy to split over several debit cards)
Several building societies including YBS accept debit cards, some I’m even happy to leave the money with for a bit on the rates they offer currently
NS&I also do (but 10 clear days til they’ll let you have it back, bit of a faff and a crappy rate; works in a pinch tho)
My point was, I can’t be arsed with all the faffing about 
And in any case, we all of us, have different expenditure. Just because you make £50 a month with an uncomplicated financial juggling act, I personally actually spend about 5 quid a week on myself because at my tender middle age, I have literally everything I want.
As I’ve already said, good on you, well done, it’s great that you put in the time and effort, it’s just not for all of us 
This isn’t cashback for spend. You can achieve all £48 of it (+Club Lloyds stuff) spending 0 a month, never mind a fiver a week.
But please, don’t feel like you need to make up reasons why it’s not interesting to you. You can simply not do it, if that’s your pleasure.
@MikeZ said they didn’t understand the point, and I have explained what ‘the point’ is. If he, you or anyone else read that and still think ‘nah’, not for me’ that’s totally fine - you now know what “the point” is tho (and know that it’s nowt to do with how much you fritter away). Whether it’s ‘worth it’ is a value judgment.
Which one’s that, out of interest? 
Monzoooo.
Yes it is a complete sentence. Who comes up with these silly restrictions? I can bypass em on my Mac.
They’re an ineffective nuisance. Just like those fraud warnings in bank apps.
And now I’ve typed all that, I probably don’t need all the oooos at the end of Monzo either.