In my simplification process, I'm down to two financial institutions:
Fidelity - CMA, all retirement accounts, Elan credit card.
Chase - several credit cards.
I'm thinking of splitting into two institutions by having a B&M bank for all normal cash transactions such as paying bills, cash needs, etc. This would leave Fidelity as my retirement/investing institution. I kind of like the idea of splitting the everyday stuff from the investing.
So, since I already have Chase credit cards, does anyone know of any major problems with having Chase as a checking account? There's a $300 bonus and I don't think I'd probably end up with any fees either. Obviously, I wouldn't leave more cash than needed on a monthly basis since it pays nothing in interest.
I kind of like the idea of having an actual physical bank - like I had for decades.
Fidelity - CMA, all retirement accounts, Elan credit card.
Chase - several credit cards.
I'm thinking of splitting into two institutions by having a B&M bank for all normal cash transactions such as paying bills, cash needs, etc. This would leave Fidelity as my retirement/investing institution. I kind of like the idea of splitting the everyday stuff from the investing.
So, since I already have Chase credit cards, does anyone know of any major problems with having Chase as a checking account? There's a $300 bonus and I don't think I'd probably end up with any fees either. Obviously, I wouldn't leave more cash than needed on a monthly basis since it pays nothing in interest.
I kind of like the idea of having an actual physical bank - like I had for decades.