What are you doing right now?

[CleanSump]

Just transfer funds back and forth in them to avoid inactivity fees ... round robin transfer scheme.

Has to maintain minimum monthly balances to avoid the monthly maintenance fees though.

 

[Patman]

Snowy one is approaching Anchorage and other is Kodiak approach. As we got closer I saw two bears on a beach.

Two Bears on a Beach sounds like a great name for a rock band

 

[skyactiv]

More than I’d like to admit lol. Here’s my list:

Banks That I Have

Wells Fargo- Checking (paycheck goes into)

Virginia Credit Union- Checking and Savings

Blue Eagle Credit Union- Checking and Savings

Navy Federal Credit Union- Checking and Savings (eBay payouts go into)

Bank of America- Checking and Savings

Ridge View Bank- Checking and Savings

Marcus by Goldman Sachs- High Yield Savings

Bank of Botetourt- Checking and Savings

You have no clue how you screw yourself over.

Most banks use an internal customer rating system called ChexSystems. Having that many accounts put you at high risk to have something go south and be viewed as a less than perfect customer across the board.

On top of that even if you manage to follow the rules on you accounts and maintain the rules, if you ever want to get a mortgage, a mortgage underwriter has to peek into your accounts at the money transfers and whatever else. Your making his/her job difficult, you look like a fool to him/her and might be denied the mortgage because you don't appear like a loyal customer... . I could be wrong.

 

[Zee09]

You have no clue how you screw yourself over.

Most banks use an internal customer rating system called ChexSystems. Having that many accounts put you at high risk to have something go south and be viewed as a less than perfect customer across the board.

On top of that even if you manage to follow the rules on you accounts and maintain the rules, if you ever want to get a mortgage, a mortgage underwriter has to peek into your accounts at the money transfers and whatever else. Your making his/her job difficult, you look like a fool to him/her and might be denied the mortgage because you don't appear like a loyal customer... . I could be wrong.

If I saw that I would think we have a check kiting scammer ... floating money around...

 

[wavinwayne]

Just dropped my wife's X3 off at the BMW dealer for a couple of recall repairs. Can't wait for the call from the service advisor with a laundry list of things that are in "dire need of repair" at 51K miles... They won't be doing any additional repairs.

 

[CleanSump]

Just dropped my wife's X3 off at the BMW dealer for a couple of recall repairs. Can't wait for the call from the service advisor with a laundry list of things that are in "dire need of repair" at 51K miles... They won't be doing any additional repairs.

You need new tires, brakes, ball joints, an alignment of course, oil change...........

 

[wavinwayne]

@CleanSump Good thing I have zero problem telling people NO.

 

[Pablo]

You have no clue how you screw yourself over.

Most banks use an internal customer rating system called ChexSystems. Having that many accounts put you at high risk to have something go south and be viewed as a less than perfect customer across the board.

On top of that even if you manage to follow the rules on you accounts and maintain the rules, if you ever want to get a mortgage, a mortgage underwriter has to peek into your accounts at the money transfers and whatever else. Your making his/her job difficult, you look like a fool to him/her and might be denied the mortgage because you don't appear like a loyal customer... . I could be wrong.

Best first sentence in a post ever

 

[Pablo]

Two Bears on a Beach sounds like a great name for a rock band

I was scanning as we circled. Very fun and safe Kodiak bear distance!

 

[02SE]

Best first sentence in a post ever

I am torn between wanting to give advice to the young man, so he's not shooting himself in the foot, and minding my own business.

I'm glad that someone said it.