Out of whatever we earn, most people keep the savings money in a bank account only. At the same time, people's salary also comes from the bank account only. If seen among all these, nowadays a person has not one but many bank accounts. In the beginning, people use these accounts, but after some time many of these bank accounts are not used and remain like that. But perhaps you would not know that there are many disadvantages to having more than one bank account. If the bank account is not used. In such a situation, if you have more than one bank account, then this news is for you. So let us know what are the disadvantages of having more than one bank account. You can learn about this in the next slides...
Number 1
If you have multiple bank accounts, you don't need to be using all the bank accounts. In this case, you should allow the unused bank account to be closed. Otherwise, you must maintain a minimum balance in these accounts.
Not only this, many banks have different rules regarding minimum balance. If you do not use these bank accounts, then closing them can be a better option. Otherwise, in the event of not keeping the minimum charge, a fine is imposed on you, which keeps increasing continuously.
Number 2
If you ever want to take a loan, then there may be problems due to your additional bank accounts. If you have taken a credit card on an account, the bill is pending, then in such a situation, your CIBIL may be down, which can have a direct effect on taking a loan.
Number 3
You get debit cards from all the bank accounts you open. At the same time, people even get credit cards made through many bank accounts. At the same time, when people close their old accounts, many times they forget to close the debit-credit card. Due to this, the burden of extra charges keeps on you. Therefore, these cards should also be closed if they are not in use.
(PC: iStock)
