Banking Question.

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teedee

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Is it good or bad to constantly open and close accounts at different banks?(2 - 3 per month). Leaving each bank in good standing and not owing anything. In doing this, will this leave have a bad effect on the persons financial situation in the future?

Please respond ASAP

Thankyou :confused:
 
I don't think it matters. Chex Systems is a like a credit report for banking and will disclose the mutliple accounts, but I doubt a New Accounts Person would care.
 
teedee said:
Is it good or bad to constantly open and close accounts at different banks?(2 - 3 per month). Leaving each bank in good standing and not owing anything. In doing this, will this leave have a bad effect on the persons financial situation in the future?

Please respond ASAP

Thankyou :confused:
Why would you do this and how did you come up with this conclusion? Are you referring to your fear of this appearing on a credit report?
 
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