First Question: How Many Banking Relationships Should You Have?
For now, you need only one banking relationship.
Because this is all new to you, and because you want to do it right, why confuse things by having to deal with more than one company?
Later, when you're sure you can handle money, checking accounts, and credit cards, consider having two or three banking relationships.
Most people should eventually have both a credit union and a bank as their financial partners.
HOW MANY CHECKING ACCOUNTS AND ATM/DEBIT CARDS SHOULD YOU HAVE?
- For now, you need only one checking account.
- For now, you need only one ATM/Debit card.