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Keep a checking account with a little amount of money for handling all payments and a savings account at a different bank that you never give anyone the details
by lotsofpulp 3y ago
Keep a checking account with a little amount of money for handling all payments and a savings account at a different bank that you never give anyone the details to. Initiate money transfers into and out of checking account from the savings account website.
And don’t save your savings account login credentials wherever it can sync onto your phone (such as Keychain) and don’t use a phone app.
Transfers should be infrequent enough that you are not inconvenienced by having to log into the website.
- hnburnsy 3y agoThatbis a good idea, just don't have the time to manage it that close. Wish I could script transfers on dates or when balances get low. I do have accounts at multiple banks.
- lotsofpulp 3y agoUnless you have very volatile cash flows, you should only need to do it once or twice per month. Presumably, people are checking their accounts at least once or twice per month.