DH and I are exchanging on our first home Monday or Tuesday this week (WOO HOO!) and we have decided to change all our accounts to our home loan provider as our accounts will be fee-free.
My question to you is, how do you structure your finances?
We are thinking of having all our pay and family assistance paid onto the mortgage minus the fortnightly expenses.
For the major bills, i.e rates/rego/insurances we will do a redraw (free) off the home loan as we will be in-front of our repayments.
In this case we'd only have two accounts, the home loan and the every day account.
How does everyone else do it?