http://www.taxbanking.com/what-is-the-purpose-for-someone-to-have-multiple-banking-accounts.html Personal Tax and Financial Banking Wed, 06 Apr 2011 22:58:01 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.taxbanking.com/what-is-the-purpose-for-someone-to-have-multiple-banking-accounts.html/comment-page-1#comment-2111 Conflicted Sun, 30 May 2010 06:02:58 +0000 http://www.taxbanking.com/what-is-the-purpose-for-someone-to-have-multiple-banking-accounts.html#comment-2111 Yes this is fishy. I can see maybe having 2 different accounts. The only reason someone would need 5 or 6 would be to make sure that their money was FDIC insured, so the minimum being kept in a checking account throws that out. The person could be kiting money-floating checks in between banks and the bank that gets stuck with it in the end loses. The fact that you say they have fake businesses raises questions too. Why do they have fake businesses? Sounds like they are up to no good and it'd be best if you stayed away from them!! Don't want to get caught with them b/c of the whole "Birds of a feather" saying. Yes this is fishy. I can see maybe having 2 different accounts. The only reason someone would need 5 or 6 would be to make sure that their money was FDIC insured, so the minimum being kept in a checking account throws that out.
The person could be kiting money-floating checks in between banks and the bank that gets stuck with it in the end loses. The fact that you say they have fake businesses raises questions too. Why do they have fake businesses? Sounds like they are up to no good and it’d be best if you stayed away from them!! Don’t want to get caught with them b/c of the whole “Birds of a feather” saying.

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