Soft switching is opening a new bank account without closing your original one. Here's why you might want to do this and how to manage multiple accounts.

Banks try to tempt savers to open more current accounts to scoop up cash incentives and perks. But there are pitfalls to be ...

The site also warns that possessing more than one overdraft can give the impression of overstretched finances, especially if ...

If you have been successfully managing your single bank account, you may wonder why so many people have multiple accounts. Likewise, if you have several accounts, you may wonder whether you need them ...

Having multiple business bank accounts is completely legal and often encouraged by some financial advisors and accountants. Businesses of any structure—whether sole proprietorships, LLCs, or ...

A common rule in personal finance is to diversify your income, but that same theory can apply to your bank accounts. Spreading out your money across different checking and savings accounts can mean ...

How many business bank accounts can you have? When Silicon Valley Bank, or SVB, collapsed in 2023, thousands of startups faced a harsh reality: Relying on a single bank account can put your entire ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. A bank account lets you ...

When Silicon Valley Bank, or SVB, collapsed in 2023, thousands of startups faced a harsh reality: Relying on a single bank ...