Do banks know if you have accounts with other banks?
Yes, you are free to hold multiple checking accounts, whether at the same financial institution or across different ones. There is no legal limit to the number of checking accounts an individual can own. Many people choose to open more than one account to better organize their finances, such as separating funds for daily spending, bill payments, and savings, though you should be mindful of potential fees or minimum balance requirements for each account.
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