Hello everyone. Quick background, I'm a 20 yr old college student. I've heard from a few adults that I should have multiple banks accounts just so I could spread money around and not have all of my checking and savings in one in case of any bank failure or something(?). I took their advice and now have two: BoA and Chase.
Is this actually the correct thing/good thing to do and why? Should I also care on what the amount on each one is (except for meeting the minimum balance in them) considering the banks I have?
Thanks in advance!
Submitted January 04, 2017 at 04:35AM by emprongs http://ift.tt/2iHdylw
