Key Takeaways Many people open new bank accounts without closing their old ones, a trend known as soft switching.Having multiple accounts can help you take advantage of higher interest rates, protect ...

It can be challenging to manage accounts at multiple banks, but there are benefits, like getting additional features. Many, or all, of the products featured on this page are from our advertising ...

In a world that usually encourages us to add more — more accounts, more options, more complexity — there may be value in ...

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 ...

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 business at risk. Founders scrambled to access ...

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 ...

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 ...