Banking, checking accounts and Paypal

[AllStar1500bd 5,000+ posts]

I just opened up a third bank account, and now I belong to three banks. U.S Bank's checking has screwed me over lately with a BS overdraft charge that they won't back down on, so I decided to open up a third bank account today with Bank of America.

I got free checking, another debit card, no minimum balance on either checking or savings, a free "Stuff Happens card which gets me one overdraft charge protection event, and a Bank of America frisbee!!!

So I am going to put this checking account under my bank balance Paypal account so they won't charge me fees when I accept a non-CC payment.

I was curious if is a limit to how many seperate banks you can belong to, and what bank everyone else belongs to? Anybody with Bank of America and if they have had any problems with them, I'm curious to hear what to watch out for.

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[Prowler573 5,000+ posts]

I have several bank accounts but they're all with the same bank. It used to be Pioneer Bank & Trust when I originally opened my first checking account @ 18 yrs old then later got bought out by Hibernia National. Hibernia recently got purchased by Capitol One so I guess things will change slightly once again.

My Visa card is issued by Bank Of America and I have never had any issues with them....but on the odd occasion that I use it I always pay the balance in full at the end of the month so I've never given them the opportunity to give me trouble.

 

[AllStar1500bd 5,000+ posts]

I have my one and only CC through Capital one. They've always been good to me. I have heard MANY MANY horror stories about people with tons of credit cards getting in over their heads with debt.

 

[Expy2K 10+ year member]

I belong to 4 banks..

Chase, Bank of America, a local one, and Bank Leu Limited (private bank) closest location Bahamas!!!

Keep your $$ where Uncle Sam can't get it!! - ha

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