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Old 01-18-2010, 08:42 AM   #2
taylor192
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Join Date: Feb 2009
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How to you plan to manage transferring money between bank accounts? Most of us get direct deposit paycheques, so you'd have to withdraw from one bank, and deposit in another.

I have 3 bank accounts, yet all with the same bank.
1. High interest online only account - to park money while I decide what to do with it
2. Chequing account - I put money in this account to cover all bills
3. Savings account - the account I spend out of

This way if I write a cheque or know my rent is due, I transfer enough from 1 or 3 into 2 and not worry about when the cheque is cashed, cause the money will always be there to cover it.
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