How many bank accounts should I have?

Question

I am 17 years old and currently I have a savings account with Bank of America(my checking account w/ them got closed in January b/c of a overdraft but I just paid it off like 2 weeks ago..), and savings account with Washington Mutual.

I currently have zero money in the BOA account and there are no near WaMus near me at all...so I rely heavily on ATMS that charge fees. I plan to change from WaMu to Suntrust,which is closer to me and has more branches.

But do I need two bank accounts?(Suntrust and BOA???)

Or would it be best for me to have one bank for savings and checking?...

I also have a little piggy bank for idk what.....(should this be used for emergencies or add it to my savings???...)

I feel like I have $ scattered:(

Answer 1

I SAY CHOSE TO OPEN JUST ONE BECAUSE AT THIS POINT YOUR A LITTLE CONFUSED AND JUST NEED TO ORGANIZE YOUR MONEY AND REALLY KNOW WHERE YOUR MONEY S GOING.

Answer 2

Having one bank is definitely more convenient.  However, once you choose a bank that has locations near your home, you should also consider opening an online savings account because they pay higher interest.