How Many Bank Accounts Should I Have?

1. Checking account

The basic account a bank will start you off on is typically a checking account. This can be your primary everyday account where your paycheck comes into.

Checking accounts give you the fastest and most convenient access to your cash and are primarily used for bill payment and for day to day financial transactions.

Unlike a savings account, checking accounts let you make as many transactions as you need within a given month. Savings accounts often have limits.

Most banks will offer multiple options for checking accounts. Some come with minimum balance requirements, others with a monthly service fee and others with a limit on the number of checks you can use each month.

Whatever the case, shop around and find a bank that meets your needs. This one from Chime is pretty awesome.