how man y checking accounts can one have in the banks ( in usa ) , does it affect its credit score?

Answer 1

I work at a bank and you can have as many as you want. No it does not affect your credit score. The only thing from a bank that can affect your credit score is defaulting on a loan or an over-drafted account that gets charged off. Those are the only things.

Answer 2

I would recommend keeping only one or two regular use chaking accounts. There is no need to maintain multiple checking accounts and actually banks will give you a much better deal on a checking account if you maintain a nice saving account with them as well .. I would say get yourself one or two primary checking accounts ( everything fee-free)..

The credit reports do not show your bank checking account ( "cash accounts" ) but "credit" accounts only. Beware that the bank will run a "hard" hit on your credit report everything you open a bank account with them. That will affect your credit score negatively if you have a lot of "hard" inquiries ..

For free checking accounts, go to www.bankrate.com

Answer 3

You can open as many as you want. However, each time you open any account, these days, banks would like to run a credit check, which could eventually affect your scores.

Answer 4

You can have as many as you want. Your checking account is not in direct connection to your credit score, however, if you have bad checks they will be reported to collection agencies which will then in turn effect your score. Also, if you are opening a lot of differnet accounts in different areas it can cause suspicion as to why you're moving around, etc, so banks may not want to open a checking account.

Answer 5

I'm sure you can have a few. Just go to different banks. It might affect your credit score. I'm not sure. If you have a bad check then that will affect your score. Ask a banker.

Answer 6

To support spot's answer, when bank pull your credit, that has an effect on your score. Not as much as say, opening a line of credit, but it does.

Answer 7

To my knowledge, there is no legal limit on the number of bank accounts one can maintain. As long as they are not overdrawn, there would be no impact on your credit score. But, assuming that each account will cost you about $250 per annum to maintain, how many do you need?

Answer 8

as many as u can have