Linking checking and savings accounts can offer convenience as well as other benefits, but there are some potential downsides to keep in mind. It’s possible to link bank accounts at the same bank or to link accounts from different banks. Pros of Linking Checking and Savings AccountsThere are some good reasons to consider linking your checking and savings accounts if you haven’t done so already. Cons of Linking Checking and Savings AccountsWhile there are some good things about having your checking and savings accounts linked, there are a few drawbacks as well. Linking your checking and savings accounts requires a bit of discipline and knowing how you want to use your savings account.

Source: Forbes September 10, 2020 10:52 UTC