Why You Need 2 Bank Accounts as a Woman

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It started when I first signed up to Amazon in the early 2000s.

I wanted to start Internet Shopping using my pocket money, but the bank wouldn’t give me a Debit Card because I was too young (I was 18 at the time).

Me being me, I found a workaround and signed up for another Bank account and managed to get a debit card with it!

Here's why you need to have at least 2 Bank Accounts as a Woman
Rob Bye for Unsplash

I don’t use my second bank account much now, but I’m thinking of resurrecting it after I listened to the Podcast from Stuff Mom Never Told You called, “The F**k Off Fund” which inspired me to write this post.

The podcast references an incredibly powerful article written on Billfold called, “The Story of a Fuck Off Fund” which sent chills down my spine because the scenarios described are so easy for this to happen.

We’re all smart, intelligent women.

In a perfect world where all was right and women were treated with respect, the need for a “Fuck Off Fund” would be void.

We wouldn’t need it.

We don’t live in an ideal world.

I’ve seen how so many smart, professional hardworking women have had the rug ripped from right under them because they didn’t think it would happen to them.

The scenarios I’m talking about is Divorce, Death and Illness.

This is why women need to have a second bank account in their OWN NAME.

Not a joint account, not the account your partner knows about, but a second bank account just for you.

It’s not an alien concept and most women have had secret money stashes throughout history.

Who hasn’t heard stories about their badass grandmas stashing the housekeeping money and then pulling it out in an emergency?

Unfortunately, in the consumer-driven world, we forget things can and do go wrong.

You can be plodding along and BAM!

  1. Your husband loses his job.

  2. You lose your job.

  3. Your family goes through a financial disaster you did not prepare for.

  4. Your husband dies and doesn’t leave you any provisions.

  5. You have a baby and decide not to go back to work, and you’ve got no funds to support yourself if something goes wrong.

  6. You put up with abuse because there’s no way you can escape.

These are all real scenarios but they can happen to anyone.

When my husband lost his job in 2015, he was out of work for a year and a bit.

We didn’t have any income at that point and survived on savings and miracles sent from Allah (SWT).

Alhamdulillah, he was able to get another job in a different field, but it wasn’t the same standard of living we were used to.

I’m not complaining at all because it was a lifeline.

Shortly after I was working full-time but I got ill and admitted to hospital after my Stroke, it again put a strain on our finances because I couldn’t go back to work.

I had to leave my job and was out of work for over a year.

Alhamdulillah, I’m able to work part-time now, but the effects of the Stroke mean full-time is out of the question for the foreseeable future.

That’s why I’m encouraging every woman to start saving a little every month in a second bank account.

Save however much or as little as you can afford because with time that will become a comfortable amount.

You may never need that bank account’s money In Shaa Allah or you could choose to spend it on yourself or your family.


The second bank account can be used for:

  • Saving money from your job or housekeeping money
  • Fun money to spend as you wish without fear of judgment from your partner or whoever controls the finances
  • Holiday money
  • Savings for a big purchase
  • Somewhere to stash the money from your eBay earnings and other money-making ventures.

But at least you will know you have some provision to turn to just in case.

So I’m advising you to have a second bank account just for you.

It could be your fun money account, your savings account or your emergency savings account but set up a regular payment towards it even if it’s £5 a week or whatever amount you can afford.

At the end of the day, the hadith tells us to tie your camel and trust in Allah, but you have to tie that camel first!

Have you got a second bank account or would you consider one?


Here's why you need to have at least 2 Bank Accounts as a Woman - Why every woman needs at least 2 bank accounts in case of emergency.

I’m Humaira, a 30-something adopted Londoner.

Simply Humaira is a lifestyle blog chronicling my adventures in Beauty, Fashion, Travel and more.

A recovering hoarder and aspiring minimalist, I blog about Cruelty Free Beauty, Luxe Organic Skincare, Mental Health and more.

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  1. February 16, 2018 / 11:13 am

    It is definitely a good idea to have more than one bank account. Especially if the only one you have is a joint account with your partner.

    I have a few accounts with one simply for savings and that money cannot be touched unless a real emergency.

    • Humaira
      February 16, 2018 / 4:21 pm

      This is very true, I think we rely too much on one account and for whatever reason, we may get stuck!

  2. March 12, 2018 / 5:42 pm

    Wow! Humaira, Assalamo Alaikum, and this is a good topic to use for discussion. I agree with you, but I feel this is normal. I mean I have always had this notion in mind alhamdulillah that the wife should have her own account, debit and credit card. If the husband says, use mine, you don’t need one, she should politely demand one. Plus, I would love to add another point. Islam gives you the right, in fact every woman, Muslim or Non Muslim, should discuss this prior marriage with her husband that what are his views and thoughts on having access to his bank accounts down the road, let’s say 2-3 years. Because God forbid, sudden death of her husband or anything can have her world turned upside down. Husbands who are mindful about this and farsighted, Alhamdulillah, share their bank details with the closest person to them, the wife. So that tomorrow she faces no trouble whatsoever when it comes to finances. Such trust should be there. I heard of a couple who have done this and it filled my heart with warmth and trust in Allah’s plans for people even more. Good people and good men do exist who understand the importance of marriage and honor their wives with ultimate trust. Alhamdulillahi Rabil Alameen.

    • Humaira
      March 13, 2018 / 3:36 pm

      Walaikum Salaam Pervisha and I agree with all your points, I guess it truly depends on how much trust there is in a relationship to be so open and honest about the worldly thing of money. Thanks for sharing!

  3. April 29, 2018 / 8:24 pm

    This is a sensible thing to do. It’s about protection as nobody can predict the future.

    • Humaira
      April 29, 2018 / 8:36 pm

      Very true, everyone has to look out for themselves as the future is so unknown.

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