Should I keep accounts at multiple banks?

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Should I keep accounts at multiple banks?

Rounding it up

  • Keeping accounts at multiple banks has many benefits, but there are some drawbacks to this strategy, too.

  • People who prefer to keep their finances as simple as possible might want to stick with just one bank.

  • If you want to seek out extra banking perks or additional CDIC insurance, having multiple accounts at different institutions can be helpful.

  • Regardless of which strategy you choose, always keep an eye on banking fees to ensure that you keep your costs as low as possible.

9 min read

Gaby Pilson
#bank#bank accounts#fees#rewards

Gaby Pilson

Gaby Pilson is a writer, educator, travel guide, and lover of all things personal finance. She’s passionate about helping people feel empowered to take control of their financial lives by making investing, budgeting, and money-saving resources accessible to everyone.

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