What are the benefits of having two checking accounts?

I have two personal checking accounts, a business account, two savings accounts, and an online money market account. The two personal checking accounts are with separate banks (bank A is for fixed expenses, and bank B is for variable), and the business is at bank A as well. read more

Routine maintenance, a computer glitch, or fraud suspicion could leave a bank account unavailable for a short period of time. This can be easier to avoid when you have checking accounts from two separate banks. Multiple bank and ATM options. Opening two checking accounts from different banks can provide multiple banking location and ATM options. read more

You can reap the benefits of opening a second checking account if you take the time to define the purpose of each account and stay dedicated to your plan. Budgeting benefits of multiple checking accounts. When using multiple checking accounts for budgeting, each account should have its own specific purpose. read more