How many bank accounts do you have?

[Locut0s]

NOT including credit card accounts and investments, how many bank accounts do you have an what type? I'm just talking chequing and savings accounts, not term investments and such.

I just opened one yesterday to save away some money for future toys and things. So that makes 3 one chequing, 2 savings.

 

[Colt45]

i gots bib overalls.

 

[FoBoT]

3
credit union - saving and checking
bank - checking

all free , no fees, evar

 

[techs]

ttiwwtn

(this is thread is worthless without the numbers)

 

[JM Aggie08]

3. Savings and checking at one, and a savings at another.
:awe:

 

[Demo24]

Damn, wish I could change my vote. I have 4+.

3-checking
3-savings

 

[DesiPower]

Bank1 - 1 Checking, 2 Savings, 2 borkerage
Bank2 - 1 checking, 2 savings
Bank3 - 1 Savings
FCU - 1 Savings

 

[Aztech]

4+

1. Checking for bills
2. Checking for me
3. checking for wife
4. checking for expenses (other than bills)
5. Savings online account

Opened a couple of them recently, over the holidays, and got like $200 in deposits for opening them. There are lots of offers where banks pay you to open accounts. See FWF for details. I don't think there's any harm in opening a bunch of checking accounts, except maybe a small credit score hit for ones that do a credit check on you...

 

[Locut0s]

Is there any disadvantage to have a lot of accounts? Well besides the fact that you either have to pay for a monthly plan or pay per transaction for each account. Like credit rating wise?

 

[ViviTheMage]

Is there any disadvantage to have a lot of accounts? Well besides the fact that you either have to pay for a monthly plan or pay per transaction for each account. Like credit rating wise?

AFAIK, it does not effect your credit having a decent amount of checkings/savings accounts...It helps if they are older if I recall, and in good standing.

I've got about 13, business/personal/joint accounts.

 

[Demo24]

Is there any disadvantage to have a lot of accounts? Well besides the fact that you either have to pay for a monthly plan or pay per transaction for each account. Like credit rating wise?

Other than having your money spread out(both good and sometimes annoying), nope.

 

[vi edit]

Two.

Wells Fargo has one of the best online checking systems that I've used so we've stuck with that for years even though there isn't a local branch within 30 miles of me.

I've also got one at a local credit union because their loan rates are dirt cheap. And we use that as a convenient place to cash checks and fun money savings accounts.

 

[ultimatebob]

1 checking, and 3 savings... one Wachovia Way2Save, One ING Orange, and one health savings account.

 

[seepy83]

1 Checking and 1 Savings for me. I've never seen the need for more than that.

I know people that have "emergency" accounts, "vacation" accounts, etc. That just never made sense to me. If I want to save money for a vacation, why not just do it in one of the accounts I already have?

 

[meltdown75]

only 1 that i use.

 

[amdhunter]

Literally 16 or so. All FDIC insured.
And 1 Swiss account (UBS)




































or maybe just a chase checking account. who knows?

 

[SunnyD]

Repost.

 

[Apple Of Sodom]

Is there any disadvantage to have a lot of accounts? Well besides the fact that you either have to pay for a monthly plan or pay per transaction for each account. Like credit rating wise?

FDIC only insures the first $250,000 in an account...

 

[Demo24]

1 Checking and 1 Savings for me. I've never seen the need for more than that.

I know people that have "emergency" accounts, "vacation" accounts, etc. That just never made sense to me. If I want to save money for a vacation, why not just do it in one of the accounts I already have?

By doing it that way it makes it easier for some to truly separate their money for other things. Some people just have a difficult time saving unless it's being done with clearly set out goals. Bit easier to say 'nope, that account is only for emergencies' than 'yeah, I got enough in here, why not?' etc.