multiple checking accounts is difficult

[zoneout]

Quote:
Originally Posted by hapajenn1
I did not even know that you can have more than one checking/savings per one bank? For instance, I use BoFA and have basic checking/savings (works great) -- but what would I say is the reason for needing a second checking/savings if I am just a single person without kids or married etc?
This by the way is not related to opening a new business acct which I am considering of doing.

Originally Posted by Roscoe

It's BOA, I have a half dozen accounts with them. Personal + Business. They could care less what you are using it for.

If they asked tell them you have multiple businesses setup as DBA (Doing Business As) Jane Doe.

Act like you've been there, done that when dealing with a banker. Many make peanuts and just want Friday to come asap.

Oy Vey. Technically its BAC

[rsot]

Td is also nice about accounts

[Roscoe]

Originally Posted by zoneout

Quote:
Originally Posted by hapajenn1
I did not even know that you can have more than one checking/savings per one bank? For instance, I use BoFA and have basic checking/savings (works great) -- but what would I say is the reason for needing a second checking/savings if I am just a single person without kids or married etc?
This by the way is not related to opening a new business acct which I am considering of doing.



Oy Vey. Technically its BAC

BAC: Summary for Bank of America Corporation Com- Yahoo! Finance

That's correct, BAC is the ticker symbol but I didn't want to freak everyone out.

On all the stock channels it's referred to as BOA, so I'll stick with trader lingo since I daytrade.

[vogeltron]

Originally Posted by Roscoe

It's BOA, I have a half dozen accounts with them. Personal + Business. They could care less what you are using it for.

If they asked tell them you have multiple businesses setup as DBA (Doing Business As) Jane Doe.

Act like you've been there, done that when dealing with a banker. Many make peanuts and just want Friday to come asap.

I agree BOA is one of my favorite banks since they seem to not care about anything. But if you do have that many accounts I do worry about them being required by law to report you. I try to keep my accounts believable. Usually a personal and regular savings. Then I tell them I add a second savings for dental/car or something same with checking. Extra savings accounts I don't mind so much but having more than two checking accounts I might be worried about. Bank of America isn't bad, but a Bank like Wells Fargo which is beyond conservative from my experience. You have to be careful about.