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View Poll Results: How many Checking Accounts do you have?
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0
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1 |
1.02% |
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1
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35 |
35.71% |
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2
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35 |
35.71% |
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3
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11 |
11.22% |
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4
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7 |
7.14% |
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5 or more
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9 |
9.18% |
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How Many Checking Acounts do you have.
10-30-2008, 12:14 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Dec 2005
Location: Lake Livingston, Tx
Posts: 4,204
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How Many Checking Acounts do you have.
In another thread OAG posted a pdf about money laundering. One of the flags was multiple bank accounts for no apparent reasons. So it started me thinking about how many checking accounts people have. We have two, both joint. Not sure we need two, but the ATMs make it handy.
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10-30-2008, 12:16 PM
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#2
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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One, at the local credit union.
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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10-30-2008, 12:20 PM
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#3
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gone traveling
Join Date: May 2008
Posts: 3,864
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...just in this country? 
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10-30-2008, 12:21 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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Two checking--one is also our brokerage acct with Charles Schwab. Our primary is with BofA for ATM convenience. Came in real handy when we bought a car the other weekend and I'd forgotten to take out the cash, since there is a limit of $500 per day on the ATM card at BofA. The Schwab card had no such limit, whew!
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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10-30-2008, 12:22 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,083
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We have one joint, my wife has one at a credit union and I have one used for direct transfers.
__________________
"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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10-30-2008, 12:33 PM
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#6
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Two at the moment--waiting for a check to clear before closing one of them, at Chase, now charging us a fee since it's a "Chase at Work" account and no more work direct deposits (yay!). The other, the one we'll keep, is a nice little local bank three blocks from our house. Presume all our money is clean as a whistle at both--no need to launder!
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10-30-2008, 12:44 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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 Quote:
Originally Posted by Sarah in SC
Two checking--one is also our brokerage acct with Charles Schwab. Our primary is with BofA for ATM convenience. Came in real handy when we bought a car the other weekend and I'd forgotten to take out the cash, since there is a limit of $500 per day on the ATM card at BofA. The Schwab card had no such limit, whew!
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What kind of car??
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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10-30-2008, 01:06 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Location: Charleston, SC
Posts: 13,566
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This one is awesome, FD--a 1984 Mercedes 300D Turbo diesel that we plan to run (eventually) as a grease car. Around 270,000 miles on it, older couple bought it new back when, then 6 months ago sold it to friend of grandson who needed to raise some cash since he's a mortgage broker. Paid $2,700 for it.
Nice condition, ran fine all the way home five hours. It is the most stylish of our hoopty collection at this point.
__________________
“One day your life will flash before your eyes. Make sure it's worth watching.”
Gerard Arthur Way
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10-30-2008, 01:17 PM
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#9
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Too many.
Credit union-- one for me, one for spouse, daughter has her own. Our HELOC, my money market, and spouse's money market.
Joint Fidelity account. My Fidelity account and spouse's Fidelity account.
We could do just fine on the his & hers credit-union checking accounts and the joint Fidelity account. All the other checkbooks were sent to us without our request. I write maybe two dozen checks a year, spouse even fewer.
And let's not forget those extra-convenient his & hers debit cards for the HELOC!
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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10-30-2008, 01:22 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by Khan
One, at the local credit union.
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Ditto.
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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10-30-2008, 01:25 PM
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#11
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Trick question? Two brokerage accounts and two savings accounts can be transfered into checking. I put 4 actual accounts with paper checks which includes checks tied to a brokerage fund--comes in handy when suddenly out of town with unexpected expenses. Can use credit card advances for that but prefer not to incur their fees.
Okay, you got me, one of the accounts offered a free iPod upon clearing the first check. La La La.
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10-30-2008, 01:27 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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I had to go count them since I only "use" one. Four regular checking accounts and a HELOC checking account. I do move money on-line between about 5 different facilities around payday (which now comes about 5 times a month). We also have three direct deposits going to two different facilities. Reading that pdf from OCC I am just waiting for the Feds to arrive with the cuffs.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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10-30-2008, 01:34 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Three, but only one in regular use.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-30-2008, 01:40 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,684
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Total of 3. I have two and DW has one -- all three are individual. DW's and my main account are linked to allow online transfers both ways. All are at a credit union.
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10-30-2008, 01:44 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 1,645
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Two, one for paypal, the other joint. Paypal wouldn't let DW and I have different accounts with the same checking acct.
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10-30-2008, 02:16 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Location: west bloomfield MI
Posts: 2,223
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3
One is my own
one is for IRAs and mortgages (the expenses which go away in retirement)
one is for all other expenses (the expenses I need to track for retirement)
My wife also has one in her own name too.
__________________
Light travels faster than sound. That is why some people appear bright until you hear them speak. One person's stupidity is another person's job security.
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10-30-2008, 02:34 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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My Goodness! I am just so not worried about the government investigating me for money laundering! I don't care how many checking accounts I have!
Audrey
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10-30-2008, 02:48 PM
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#18
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by audreyh1
My Goodness! I am just so not worried about the government investigating me for money laundering!
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Hmmm... sounds pretty suspicious coming from someone who has no fixed address, uses mail drops, and spends a lot of time with surveillance photography equipment...
__________________
*
Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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10-30-2008, 03:01 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Location: North-Central Illinois
Posts: 3,228
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Only have one....only need one. I usually write less than 3 paper checks per year. This year has been the same.....1 to for license tag renewal (Sec. of State doesn't accept plastic.....those morons  ), and 2 to my favorite local hobby shop (where I almost always pay cash....unless I've forgotten to go get the cash  ).
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10-30-2008, 03:01 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Quote:
Originally Posted by audreyh1
My Goodness! I am just so not worried about the government investigating me for money laundering! I don't care how many checking accounts I have!
Audrey
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5 - I have girl friends. 2 in New Orleans probably should be closed - since I'm gone(mostly).
heh heh heh - just kiding although three of them have two names - unclemick or ?. 
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