Well it does, because if you trust a bank to not freeze your accounts, then you dont need to hold so much cash. As to having multiple bank accounts, have you h

Well it does, because if you trust a bank to not freeze your accounts, then you dont need to hold so much cash. As to having multiple bank accounts, have you heard of data sharing? If you have multiple bank accounts in your name, across multiple banks, they can all be frozen, just look at how sanctions work of foreign entities. You obviously dont know how credit reference agencies work. So in the UK, the electoral register (open and closed) is used by credit reference agencies to see if you are linked to an address. The credit reference agencies then pass on information to would be lenders and banks, and banks also update the credit reference agencies with your monthly bank account totals and your direct debit payments so they can see your monthly outgoings and see if you are paying your overheads reguarly, so other banks and lenders can see if you are worth lending money to. Now even if you dont need to borrow money, pay your bills as soo as they come through the letter box if they are not handled by direct debit, that information is still passed on by your bank to multiple credit reference agencies who then disseminate the data around the world to different countries because programming teams can exist in multiple countries, different laws and then you get stuffed if you value your privacy, and thats before hackers get involved hacking the likes of Experian.