There are tons of internet banks out there with nice interest rates, no fees, etc.
I'd like to have a separate checking account to tie into paypal and other direct transfer accounts (INGdirect, emigrantdirect, etc); kind of like a junk email address I'd use to insulate my main account from being "out" there.
Would having more than one checking/savings account open negatively affect my credit rating?
2007-01-18 07:53:39 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No. Bank accounts don't impact your credit unless you get overdrawn and they send you to collections. However, having many accounts open opens you up more to identity theft and causes more paperwork for you which may or may not be worth it.
If you're willing to get the extra paper then go for it.
Good luck!
http://www.personalfinance101.org/?utm_source=YH&utm_medium=link
2007-01-18 08:29:24 · answer #1 · answered by personal_finance_101 3 · 0⤊ 0⤋
Absolutely no effect on your credit score. We've used many online banks... now we're with HSBC - the very best rates, and great customer service (for US callers, it's actually in the US, not India like many others).
2007-01-18 08:05:34 · answer #2 · answered by OldButStillKicking 2 · 0⤊ 0⤋
why should they.
we use 4 checking accts and we have 3 diff saving accts...
for various reasons....
2007-01-18 08:26:14 · answer #3 · answered by cork 7 · 0⤊ 0⤋
I 100% AGREE WITH THE 1ST ANSWER
2007-01-18 08:19:49 · answer #4 · answered by HEAR TO HELP 4 · 0⤊ 0⤋