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ok i need some help, I have 2 wells fargo Checking accounts and i have a wells fargo rewards CC and i was just approved for a Bank Of America Cash Rewards CC and there is a 10% cash reward if i have it deposited into at BOA checking account. should i open a BOA checking account and close one of the WF account? also i know that im suppose to have direct deposit going into each checking account so im willing to go to BOA and add a direct deposit. but i would like to know if i should close the oldest account or do it really matter?
@codehavoc wrote:ok i need some help, I have 2 wells fargo Checking accounts and i have a wells fargo rewards CC and i was just approved for a Bank Of America Cash Rewards CC and there is a 10% cash reward if i have it deposited into at BOA checking account. should i open a BOA checking account and close one of the WF account? also i know that im suppose to have direct deposit going into each checking account so im willing to go to BOA and add a direct deposit. but i would like to know if i should close the oldest account or do it really matter?
Doesnt matter what checking account you close they are not reported on a file like credit is..
Agreed, checking accounts can only be reported in a negative way such as charge-off, or abuse and they are first reported to chexsystems.
Well if you want to keep both accounts, most employers allow direct deposit into mulitple accounts. My paycheck is split between 2 CU's and a bank! So that's another option if you don't want to close one. However if you do go through with mulitple accounts for direct deposit, just check with each one to find out what the minimum deposit needs to be in order to fullfill their banking requirements.
For example, one of my accounts requires $600 a month in direct deposit to keep it free.