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But as banking becomes increasingly reliant on technology, the potential for disruption grows.
What if theres a glitch that prevents you from making a deposit or withdrawal?
What if access to your funds is delayed, causing you tomiss bill paymentsand rack up penalties?
What if afraudster gains access to your account?
Avoid sticking to just one bank.
Or, as she phrased it, Split your money like kids that fight!
But how do you go about splitting up your money?
Your best place to start is GOBankingRates list ofBest Banks.
A Bank for Everyday Expenses
Vanderhall recommends starting with no more than three banks.
The first should be a bank for handling bills and other everyday expenses.
Generally speaking, that means a checking account.
Those who rely on mobile or online banking should look into the SoFi checking and savings accounts.
A Bank for Growing Your Savings
Saving your money is good.
Growing your savings is even better.
Thats why Vanderhall advises choosing a third bank with a high-yield savings account with competitive yields.
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