How do you keep the bank account active?
- Thread starter Stardom22
- Start date
I have three bank accounts. I got credit card from these banks. I have kept some money in all these accounts. I use the money to pay for the credit card fee every month.
It is stupidity to be parading many bank accounts with no funds inside. I would rather have just two bank accounts with some funds inside. Sooner or later, all those numerous accounts would become dormant.
I ensure that I keep my bank account active by maintaining the minimum balance and doing at least one transaction annually, particularly with my passbook.
As long as money comes in and out of the account you don't have to worry about the account being deactivated.
I only open a bank account when I have the need for it and would be regularly funding it. I don't open bank accounts for fun.
