Reported 8 months ago
A seasoned bank teller shares seven reasons why it's not advisable to keep over $3,000 in a checking account, including the lack of interest earned on larger balances, increased likelihood of frivolous spending with easier access, missing out on opening bonuses from banks, limited FDIC insurance protection, missed opportunities for compounding and growth, impact on loan approvals, and higher risk of becoming a fraud target.
Source: YAHOO