Banking Question.

[teedee]

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

 

[Scooter]

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.

 

[Michael Wechsler]

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

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?