It is worth having several accounts in different banks

[shukla7789]

The fact that everyone needs a bank account today is beyond dispute . You receive your salary into your account, you make transfers for online purchases, you use the card assigned to it on a daily basis. An important question often appears on many financial forums and blogs. Is it worth having several personal accounts in different banks? There are no legal contraindications to a client using the services of several financial institutions at the same time.

This solution has both its supporters and opponents . On the one hand, customers are afraid of the higher costs of maintaining several bank accounts at the same time. On the other hand, having an emergency account in another bank can protect the user from a system failure in one entity. I will check for you how this situation looks in practice. I admit that as a customer I have several RORs and I will also use my own experience in this matter in preparing the information.

System failure at the bank

Photo: flickr.com

You often hear about failures of transaction systems in various banks. These are increasingly complex programs. Customers require them to have a large number of options, be able to easily adapt to any size of display, and quickly process more and more information. This requires programmers to create complex and potentially more failure-prone technological solutions. At the same time, they are able to effectively resist hacker attacks.
Now imagine a situation in which your bank has a failure and you ecuador whatsapp database make an important transfer . The opening hours of the branches have passed, so you will not be able to use the emergency service at the branch. Without a backup account in another bank, you are deprived of access to your money. Sometimes even for a few days. Meanwhile, having at least two accounts in different banks and spreading funds on both allows you to avoid this situation. I myself described on the blog how to open an ING account without leaving home

No ATM withdrawal possible
The inability to use the card and withdraw cash is the result of unfavorable random factors. At any moment, an ATM can "swallow" your debit or credit card. It can also be stolen or lost. All you need to do is quickly block it by phone and the problem is gone. However, a new one will not be issued immediately. Before you receive another one, you are deprived of the ability to withdraw cash from the ATM. Again, having a second account in another bank protects you from being cut off from your money.

A wider offer from several banks
money grows in the garden like in a bank
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The bank where you have an account does not always have the best offer for you. Having two or more personal accounts gives you the opportunity to compare their transaction systems. Transparency and responsiveness, speed of operation and access to other services. Cash loans and account debt limits will differ from each other. By comparing the available ones, you can choose a loan for which you will pay lower interest. You have an advantage over new bank customers, who usually receive worse credit conditions. A brokerage account or an investment fund supermarket assigned to the account are other options that speak in favor of several accounts. You will test which transaction system is better for you and choose the right one.