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.

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 ...

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

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 ...

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

Over time, numerous people have depended on a single bank account for all their monetary requirements, often without much thought. However, upon examining their financial health, some discover that ...

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 ...

Different bank accounts can serve different purposes. In addition to a checking account for daily operations, you may need a savings account, money market account or certificates of deposit (CDs). For ...

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 ...