Multiple savings accounts within a single bank account?

Hi folks,

I'm with Bank of Ireland (which I'll shorten to "BoI" from here on) and I tend to be fairly dreadful with money. There is no end to the amount of crap I'll buy, that I do not need. So I tend to try and designate money to specific things, often just using the old reliable 'cash in an envelope' system.

However, that means when I get paid I withdraw money, and when it comes time to buy something or pay a bill or whatever, that I'm lodging money via an ATM, again. I'm spending too much time at ATMs.


I remember getting a leaflet for An Post about opening up bank accounts, and one of their 'reasons to use us' was that they allow you to create what they called "wallets" within your current account.

So you could effectively have 1 account, with, for argument sake, 4 wallets within it (Mortgage, Car, Bills, Treats, etc.) and then you could lodge money into your wallets as and when you wanted to. Meaning you just got to split your money up and 'designate it' without having to move it away from An Post.


I was wondering, is there any easier way of doing it (than changing my bank account to An Post). I'm happy enough with BoI and i quite like their flat-rate fees idea, so I don't necessarily want to leave.

I also have a Credit Union account, but they allow me a "savings account" (which has money that is secured against a loan) and a "cash account" which is money that's not secured against my loan, effectively meaning I get two accounts with them, but it's still not what I'm looking for, and still requires me to move my money from BoI put the money aside, and back to BoI again to spend it).



Is there an easy way of doing this, does anyone know?

Cheers