Quote:
|
Originally Posted by galejo73
would it be a bad idea to open up multiple accounts in order to cash in on free money when opening an account? for example... i signed up with ING through here for the free $25. Would it be a mistake to take that same money (or whatever the minimum is for opening a new account at another bank) and open up an account, say at Bank of America, because they are offering $50 for opening an account with them? and what kind of problems might occur from doing this...? that is, what if i opened the account, left the money in there for the bonus cash and then when it clears close the account (if it isn't worth it to keep it open)? just wondering...  |
That's exactly what a lot of people do. The problem comes with keeping track of accounts if you're not organized and the time involved, but other than that, there aren't any real negatives. You also have to read the terms of agreement closely so it doesn't end up costing you more than your thought.