Can You Manage Having More Than One Bank Account?

Discussion in Bank Accounts started by mildredtabitha • Oct 21, 2017.

  1. Johnsnow

    JohnsnowNew Member

    Joined:
    Sep 11, 2017
    Threads:
    1
    Messages:
    15
    Likes Received:
    0
    having multiple account is good if u have various source of income
     
  2. Zero

    ZeroActive Member

    Joined:
    May 3, 2017
    Threads:
    0
    Messages:
    348
    Likes Received:
    33
    I don't see the point in having multiple bank accounts if you're on a limited salary as you will only increase fees and costs..
     
  3. Merlizy

    MerlizyNew Member

    Joined:
    Oct 29, 2017
    Threads:
    2
    Messages:
    3
    Likes Received:
    1
    I have two bank accounts but I do feel the burden of managing. Despite the advantage of earning interest, it's still quite expensive mainly to the middle class earners. I would prefer mobile money or the likes of PayPal
     
  4. mdbree17

    mdbree17Member

    Joined:
    Oct 18, 2017
    Threads:
    1
    Messages:
    79
    Likes Received:
    12
    I have two. One personal savings account and the other one is for payroll. Well, if Paypal is considered as a bank (of your own) then I'll include it in this narrative.
     
  5. naruto100

    naruto100Active Member

    Joined:
    Feb 9, 2017
    Threads:
    48
    Messages:
    699
    Likes Received:
    149
    Al though I can manage more accounts but I prefer to have one or two accounts only as active one. These days we have many facilities because of technology so that we can easily manage those account through internet. So it is not hard. But in the end of the year managing income tax and all that is not easy. I mean we have to figure out all the transactions, so it is better to have limited accounts at that time.
     
  6. Rock1987

    Rock1987Member

    Joined:
    Sep 1, 2017
    Threads:
    6
    Messages:
    61
    Likes Received:
    11
    Managing 2-3 bank accounts is not such a difficult job. You have to maintain a diary for these bank accounts. Visit these bank accounts online every week to keep track of your transactions. If time permits then whenever possible visit the banks and keep in touch with the employees.
     
Loading...
Similar Threads - Manage Having MoreForumDate
Do You Have More Than One Account?Bank AccountsMar 29, 2017
Does Having Many Accounts Motivate You To Save?Bank AccountsNov 6, 2015