How many bank accounts do you have?

[Jsteinkruger]

2 Checking one for my wife and I
2 savings, one my wife has and one that is joint so she transfer money to my account because we have kept our finances separated for the most part. +1 401k, 1 403b, 1 IRA

[Houldlat]

I currently have 3

[DecisiveParadox]

Bank Account

We only have one account. because our accounting is amazing we easily track all comings and goings as well as running balances.

Additional accounts are, in my opinion, redundant.

[FLA]

I like to keep mine simple: Checking, Savings, Roth IRA, Rollover IRA, and 401(k).

this is what I do. I don't get having 9 or more, is it because of special offers? But then you have to get new checks, set up new bill pay system, it seems like more hassle, to me. If you use them for totally different uses for each one, isn't keeping track of more than 9 a total PITA? what am I missing?

[corn18]

this is what I do. I don't get having 9 or more, is it because of special offers? But then you have to get new checks, set up new bill pay system, it seems like more hassle, to me. If you use them for totally different uses for each one, isn't keeping track of more than 9 a total PITA? what am I missing?

I have around 30 open accounts all over the place. Some are old banks I don't use, some are from promotions I took advantage of. I used to have a lot of separate savings accounts, but now it all gets lumped into one and I track it via spreadsheet. I use a lot less now and like the simplicity:

Checking
Savings
College
IRA's
Taxable Retirement

I also have a checking account for my work expenses to keep it separate.

As a corollary, I also have over 30 credit card accounts. I use 5 of them (all get paid off each month):

Citi - every day expenses (for 2% cash back)
3 specialty cards (Target, Macy's, Kohl's) - for sales
Delta Amex - for Costco

I would rather just use the Citi card for everything, but those specialty stores give some great sales/discounts.

[scottish girl]

One building society account. My savings are there too.

[DecisiveParadox]

yay

One building society account. My savings are there too.

Another monogamous account holder = boss!

[FLA]

As a corollary, I also have over 30 credit card accounts. I use 5 of them (all get paid off each month):

Citi - every day expenses (for 2% cash back)
3 specialty cards (Target, Macy's, Kohl's) - for sales
Delta Amex - for Costco

I would rather just use the Citi card for everything, but those specialty stores give some great sales/discounts.

i haven't counted but I have a lot, too. But mostly everything goes on Discover. I recently left my job d/t a disability, I'm waiting for the other shoe to fall and my credit cards to send me letters lowering my limits. So while I'd like to cut back, I probably shouldn't right now, I assume

[scottish girl]

Another monogamous account holder = boss!

Pretty much.

[spider]

there really is not "too much" as long as there's a good reason for them.

[Weird Tolkienish Figure]

Way too many. In the process of trying to consolidate everything down to a few convenient banks.

[Joan.of.the.Arch]

Four accounts. Three banks (one online), one credit union.

Right now, our best interest is on a checking account. 4.01% on up to $10,000. That offer has stayed steady for years now, except that they used to offer the 4.01% on up to $20,000.

If interested, see https://www.fcnb.com/personal-checking.htm and click on Real Life Checking.