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But is that the best move?
Here are theseven reasons why a bank teller advises against keeping more than $3,000 in a checking account.
Why would you keep $10,000 just sitting there doing nothing?
Separating out larger sums makes it psychologically harder to dip into funds earmarked for other purposes.
Why leave money on the table?
That bonus could go right into investments.
Any amount over that is not protected.
By keeping an excessively large sum in a checking account, customers were needlessly putting their money at risk.
Write that number down and decide if its worth it, Rachael said.
They want to see a clear delineation between assets, investments and funds marked for down payments or reserves.
While no sum makes you 100% safe, smaller balances tend to fly under the radar more easily.
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