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Valued Member
Posts: 52
Registered: ‎01-06-2017
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Re: How Many Bank Accounts do You Have?

I really only utilize one account for everyday purchases.

 

Chase checking for everyday stuff

Former employer CU, checking and savings but keep a small amount in each

NFCU, checking and savings, recently opened and not sure how I want to use them yet

Schwab Bank checking, use for my emergency fund and tied to my brokerage account

Starting 12/27/16 FICO Score 8 EQ 645 TU 643 EX 618
Current 3/27/17 FICO Score 8 EQ 716 TU 692 EX 681


Goal 740+ ACHIEVED 4/5/17 FICO Score 8 EQ 776 TU 762 EX 748
Established Contributor
Posts: 910
Registered: ‎04-14-2016
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Re: How Many Bank Accounts do You Have?

Active Accounts:

 

I have 7 actively used accounts - mostly used to take advantage of 'micro-savings' at various CU's I have access to:

 

OBEE CU - 7.52 APY on first $500 in savings

 

Inspirus CU - 7.00% APY on first $500 in savings and on first $500 in checking ($1000 total) - they also have a really good looking 2% everywhere card I'm going to try for once I'm a bit further from BK

 

STCU - 5.09% APY on first $500 in savings

 

BECU - 4.00% APY on first $500 in savings and on first $500 in checking ($1000 total)

 

NFCU - because it was free with membership (and you have to have checking to qualify for a Checking Line Of Credit)

 

Alliant - Share-Secured loan

 

Chase - Opened for a $300 bonus, planning to stay to improve chances of CC approval once my BK ages a bit more

 

---------------

 

Recently closed:

 

Wells Fargo - because I churned that $250 bonus like a boss

 

Global CU - useless excuse for a CU

 

US Bank - burned in my BK

 

-----------------

 

Planning to open within the next year (or sooner):

 

PenFed - because it's free with membership

 

Consumers - the pinnacle of micro-savings - 3.09% APY on first $10,000 (more if you use their CC...and they do have a BCE clone)

 

Santander - that $225 bonus is calling to me...

 

 






BK7 Discharged 4/27/2016 - Fico 8 as of 04/27/2017: EX 658 / TU 662 / EQ 678 - Follow my Journey Here
Regular Contributor
Posts: 180
Registered: ‎08-08-2014
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Re: How Many Bank Accounts do You Have?

I have 9 accounts in total:

 

PNC Virtual Wallet - Opened my first account with National City at 18 which became PNC. Barely use it anymore but keep it for nostalgic purposes.

Local Bank - Where I work

Cap1 360 - Checking and Savings, used it years ago but don't any longer. Saw no point in closing.

Alliant CU - I have a checking and a number of savings accounts for different purposes.

 

I like to split my direct deposit into a "bills" account and a "regular" account. The amount that goes into the bills account with each paycheck is half the amount of my monthly fixed bills. This way I know that money is set aside each month. I enjoy the two months a year we get three paydays as I can either save or use that money for another purpose.

FICO Scores (4/4/15): EQ: 748 TU: 777 EX: 778
My Cards:
Amex BCP $25k (March '14) | Cap1 QS $8k (Oct '07) | Arrival + WEMC $10k (May '15) |
PNC CashBuilder Visa Sig $8k/NPSL (March '11)
PNC Points $1k (June '07 - First card at 19) | MB Financial MC $3500 (May '13) | Chase Amazon Visa Sig $6k/NPSL (April '09) |
Macys $1200 (Nov '12) | Citi Double Cash $9k (Jan '15)
Valued Contributor
Posts: 1,447
Registered: ‎07-18-2015
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Re: How Many Bank Accounts do You Have?

6 plus 2 investment accounts. 

Seeing as I'm in with NFCU i'm going to be closing some and moving the funds there now. 


EQ688
TU676
EX686

Valued Contributor
Posts: 1,447
Registered: ‎07-18-2015
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Re: How Many Bank Accounts do You Have?


dcamp2006 wrote:

I have 9 accounts in total:

 

PNC Virtual Wallet - Opened my first account with National City at 18 which became PNC. Barely use it anymore but keep it for nostalgic purposes.

Local Bank - Where I work

Cap1 360 - Checking and Savings, used it years ago but don't any longer. Saw no point in closing.

Alliant CU - I have a checking and a number of savings accounts for different purposes.

 

I like to split my direct deposit into a "bills" account and a "regular" account. The amount that goes into the bills account with each paycheck is half the amount of my monthly fixed bills. This way I know that money is set aside each month. I enjoy the two months a year we get three paydays as I can either save or use that money for another purpose.

I do this same exact thing Smiley LOL
I do a fixed and net deposit also best thing my company does for bills/spending. We also have a FSA I put into to cover all medical expenses, co pays and scripts and such. Its nice when i can just put money right from my paycheck into 4 diffrent accounts to keep things seperate. Then of course my fidelty is also put into that account. 

 


EQ688
TU676
EX686

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Senior Contributor
Posts: 3,497
Registered: ‎07-17-2014

Re: How Many Bank Accounts do You Have?


TygerHawke wrote:

 

I have 7 actively used accounts - mostly used to take advantage of 'micro-savings' at various CU's I have access to.....

 

Santander - that $225 bonus is calling to me...

 


Hi TygerH!  Since your personal style is to open many bank accounts primarily for the cash you can make from them, you might want to explore the hobby of bank bonus chasing.  I make about 2k per year doing that.  That's as much as I'd make from having $20k in some fictional fabulous savings account at 10%.  And there's nothing inconsistent about coupling the chasing strategy with the high interest strategy.  It can be a both/and rather than an either/or.

 

You may be leaning toward the bonus chasing strategy anyway, given your experience with Chase and now possibly Santander.

 

We had some great bonuses available in the last three weeks that are now gone, but more will appear -- they always do.

 

http://www.doctorofcredit.com/best-bank-account-bonuses/

 

http://www.doctorofcredit.com/a-beginners-guide-to-bank-account-bonuses/

 

You may also like the high-interest option of an Insight account, which lets you earn 5% on the first $5000.

 

http://www.doctorofcredit.com/insight-5-apy-prepaid-card-5000/

 

http://www.doctorofcredit.com/high-interest-savings-to-get/

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