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Home > How many Accounts or banking instiutions do you have???

How many Accounts or banking instiutions do you have???

March 29th, 2009 at 11:54 am

Just curious I find it much harder to keep my savings and Checking account in the same bank. I don't know if its a mental thing I see the money and want to spend spend spend or just what exactly it is. Is it feasable to have multiple savings accounts for different purposes or what.

Posted in Uncategorized | 12 Comments »

12 Responses to “How many Accounts or banking instiutions do you have???”

  1. lizajane Says:
    March 29th, 2009 at 01:05 pm 1238331934
    1238331934

    I have my checking a/c at one bank, and then just online savings accounts. That seems to work for me, but I'm more of a "hate to spend it" rather than a "see it, spend it" kind of person.

  2. M E 2 Says:
    March 29th, 2009 at 03:10 pm 1238339432
    1238339432



    My checking account and (one of) my saving accounts are in separate local banks.

    In addition, I have three (3) separate online saving accounts.

  3. L Saver Says:
    March 29th, 2009 at 03:11 pm 1238339493
    1238339493

    I'm like lizajane -- I have one checking account at a local bank, and then 3-4 savings accounts at ING online. Then I can transfer $$$ to savings from the comfort of my own home.

  4. disneysteve Says:
    March 29th, 2009 at 03:49 pm 1238341789
    1238341789

    We have our checking account at a regular bank (not online). All other accounts are online - money markets, brokerages, mutual fund companies, etc.

  5. Thrifty Ray Says:
    March 29th, 2009 at 04:10 pm 1238343010
    1238343010

    We use our Credit union and ING.

  6. Ima saver Says:
    March 29th, 2009 at 04:38 pm 1238344704
    1238344704

    I have a local bank that pays 3.1% on checking, so I have a business checking, a personal checking and a savings checking. Then I have 4 c.d.'s at different banks that pay more. (My emergency fund)

  7. monkeymama Says:
    March 29th, 2009 at 05:09 pm 1238346573
    1238346573

    I would much prefer to keep my money in one place (hate to spend it type) but I do spread it out for cost effectiveness/returns, etc. As well as just diverstiy (important I believe, with recent bank failures).

    I have a savings account (keep $1k) and free checking account at my CU. There are no fees for checking, ATM, savings, etc. But the interest rate is usually not great. So though I pay all my bills through there, I run my checking to $0 and just try to keep $1k for "emergency."

    The rest of our savings is in high yield online bank accounts, and CDs. Right now I have 2 financial institutions - usually I have 2-3. Sometimes I can get a great CD rate at my CU. IT just depends.



  8. whitestripe Says:
    March 29th, 2009 at 06:49 pm 1238352554
    1238352554

    *sigh*
    i have a main bank account that my personal loan is attached to, which also has a net-bank account attached to it as well. (all of these will soon be closed).
    i have three online savings accounts (two ING and one bankwest).
    then i have two credit cards (one of which I am thinking of closing - the other is fee-free so I won't bother).
    then we now have another net-banking saver account and a main account with our new bank, which our mortgage is linked to. which also has two credit cards and a debit card linked to that!
    Phew!

    But I am like you, i like to have things separated so I can see what I have money for. It will take some getting used to with having everything combined, but I am going to make it work.

  9. creditcardfree Says:
    March 29th, 2009 at 10:45 pm 1238366717
    1238366717

    All our banks are online. We have a money market account at one because the rates were higher(and still are). We have two checking accounts at the same bank. One is for our freedom/escrow account. Works for us...we don't dip into other accounts unless absolutely necessary.

  10. smiley2009 Says:
    March 29th, 2009 at 11:40 pm 1238370055
    1238370055

    Thanks Guys!!!

  11. baselle Says:
    March 30th, 2009 at 01:44 am 1238377477
    1238377477

    These days it pays to have several bank accounts, if you can keep track of them. I also have an ING online account - since you can get at the money in 3-4 days, its enough of a deterrent for splurge spending, but good for true emergencies.

  12. crazyliblady Says:
    May 4th, 2009 at 02:16 am 1241403402
    1241403402

    Before I was married, I was a regular horder. I could horde money like crazy and never spend it. We eventually got joint checking and he sometimes forgot to tell me about checks and debits he made, which was frustrating and stressful. I won't say he has actually drained our account all on his own, but he makes poor financial moves that have caused me to become financially poor. I hate to say it, but 4 years ago, I got a separate checking and savings accounts from him. My savings account is at a credit union and the checking is at a regular bank. I have had to put my foot down on spending several times in the last few years. He didn't like it, but we are in no worse condition because of it.

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