Do you have your checking and savings accounts spread out at different banks? Although you may have your good reasons for doing so, here are reasons why you may want to centralize your money in one place.
#1 – Savings will be more streamlined. When you have your accounts in one place, you may adopt better money habits. You may start automatic transfers from your checking to your savings.
#2 – Better fees. If your accounts are in one place, the bank may slash the fees for one or more of its services.
#3- Better connection with banker. The more you deal with a bank, the better you may get to know the branch manager or personal banker. As you two establish rapport, it’s easier to get more personalized services from them.