ANSWERS: 4
  • Fees fees and more fees can't think of anything good
  • Of course you can, at least in the US. My parents have to because the FDI only covers up to 100,000. They want full coverage,so they have to use different banks. The cons are that it may be harder to keep track of which banks and which accounts. Especially with the banks changing their names from time to time. Mom says she has one of her accounts in American Savings Bank, but that is two names ago, it's Washinton Mutual now, and when she gets mail from WAMU, she tries to throw it away, because she doesn't know who they are.
  • probably, ive never done it
  • Cons need a good memory to remember - pros harder for the IRS to pin you down!

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