What is the minimum number of bank accounts you should have to save your money according to experts?

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There are those who do not even consider having more than one bank account. Many believe that having one is enough to manage their finances, but is it true? The truth is having only one account can be counterproductive for personal finances. whatWhat would happen if the bank blocks the account? Or if the card is stolen? And if one day the application does not work and you need to make a transfer urgently? In cases like these is when having a second checking account can be helpful.

And so,how many bank accounts is it wise to have? The experts of the financial comparator HelpMyCash.com answer: “It depends on each personbut from HelpMyCash we recommend always have at least two accounts. We have confirmed that this is the best way to manage money. Let’s say it’s like dividing the capital into different buckets, each with its own purpose,” they explain. In addition, “of improve financial managementthe client is more protected and can continue to operate if the main account fails at any time,” they add.

account blocking

One of the most tense moments that a person can experience is when they find out that they have the blocked account. This means that you cannot operate with your account and therefore cannot use your card, receive transfers, withdraw money or pay bills.

Or, perhaps your account is not locked out, but your debit card was damaged or stolen. In this case, he will be forced to go to an office and withdraw money from the box. Nothing practical, if one takes into account that most agencies They work until 2:00 p.m..

It is in cases like these where the need to have an extra bank account. In this way, there is an alternative to continue operating and not be left with your hands tied. “The secondary account can be used to issue and receive transfers, pay bills or pay for purchases. Of course, you have to make sure that you have a balance to cover emergencies,” they say from HelpMyCash.com

Also, have a second bank account does not cost money. In fact, if the account is only going to be used occasionally and the payroll is not going to be direct deposited, an account can be opened without commissions and without linking. These accounts have no maintenance fees, allow make transfers free of chargewithdraw money and request a free card, point out from HelpMyCash.

An example of an account without conditions or commissions is the Santander Online Account. Includes debit card and has no maintenance fees. And currently offers new customers a gift of 150 euros if they decide to domicile their income.

BBVA It is another of the large banks that does not have commissions for new clients of the Online Account without Commissions. In addition to open 100% onlineoffers the aqua debit cardone of the safest in Spain, which is also free.

Another entity that rewards those who decide to make it their main bank is Abanca. The Galician entity give away up to 300 euros for domiciling the payroll. However, it is not a requirement, so anyone can open it. The Account not ING Account it is also free and has no requirements. It includes a virtual debit card and allows up to two co-owners.

promote savings

To have everything money in the same account can be a double-edged sword. Especially when it comes to not spending your savings. “Having savings and day-to-day money in the same account does not help to maintain control of finances. The ideal is to have an account in which you can Separate money for daily use from what you want to save. In this way, it is easier to manage the domestic economy and know how much money is saved each month and how much our financial cushion amounts to,” say HelpMyCash sources.

In addition, there are accounts that allow make money profitable and earn interest. One of the most attractive promotions in November is the Sabadell offer. The entity offers up to 2% APR if it is a new client. Although the limit to be remunerated is 30,000 euros, if the conditions are met, up to 600 euros could be obtained in a year.

Source: lainformacion.com

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