Rates Current as of Friday February 10, 2012

Generally it is much easier to budget and save with only one primary bank account for bill paying. It certainly not recommended that spouses keep separate accounts just to pay bills. However, as long as the accounts do not have duplicated fees where there is an actual cost to you to maintain another account, there is nothing wrong with manage your finances with multiple checking accounts. Proper management would be the watchword to avoid excessive spending or unnecessary charges.

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