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Know the drawbacks of having more than one Bank Account: What should you do...

If you have more than one bank account and you are not using most of them, it will be beneficial for you to stop them. Because even if you do not use those accounts, you need to maintain a separate quarterly minimum amount. This will be a different headache for you. Let's say that the charges are levied on behalf of the bank for not keeping this minimum amount in the savings account.