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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.
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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