Spending tips
Now you’ve got your Smart Spending Account and debit card, it’s time to learn the best ways to use them.
Find out about the ways money can come in and go out of your Money Smart accounts.
Make the most of your Money Smart debit card with our video guide.
How to budget
- Keep an eye on how much you spend each month. The easiest way to do this is by using our Mobile Banking app.
- Work out your budget by creating a list of the money coming in and the money going out of your account. This will help you work out how much you might be able to save.
- Once you know your budget, use our savings calculators to set your savings goal.
How to be a savvy spender
- Use the 24-hour rule to avoid impulse buying. Give yourself 24 hours to think about whether you really need it and can afford it. This will help avoid wasting your money on things you might regret later.
- Shop smart by shopping around. Compare prices to find the best deal. You might save money and make your budget stretch further.
- Create an emergency fund by moving any spare money into your Smart Savings Account each month. You’ll be prepared for that last-minute gig you want to go to or gift you need to buy.
Easy ways to pay with your mobile
Your handy how-tos
Your questions about spending
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Yes. You'll only be able to spend the money that's in your Smart Spending Account. To make it easy, we've set daily spending limits so you can't overspend.
Daily spending limits
Ways to manage your money
Aged 11-15
Aged 16-17
Aged 18
Ways to manage your money
Using your debit card to pay online and in shops.
Aged 11-15
£200
Aged 16-17
£1,000
Aged 18
The money you have in your account.
Ways to manage your money
Using Online Banking to transfer money.
Aged 11-15
£500. This limit also applies to your Smart Savings Account.
Aged 16-17
£500. This limit also applies to your Smart Savings Account.
Aged 18
£500. This limit also applies to your Smart Savings Account.
Ways to manage your money
Using one of our branches with a counter to take money out.
Aged 11-15
£1,000
Aged 16-17
£1,000
Aged 18
£5,000
Ways to manage your money
Using your debit card to take money out of a cash machine.
Aged 11-15
£100
Aged 16-17
£100
Aged 18
£500
Ways to manage your money
Using the Post Office to take money out.
Aged 11-15
£100
Aged 16-17
£100
Aged 18
£300
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You don't get a cheque book with your Money Smart accounts. But you might find you get the occasional cheque. Read about how to pay a cheque into your account.
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