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Maximum number of accounts?

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Maximum number of accounts?

August 23, 2022
6:43 pm

Fogoguy

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May 19, 2022

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I've read through Motive Financial's website, but I can't find anything which states the maximum number of accounts one can have. I tried googling this also, to no avail. Can someone please help me out? Thanks!

August 24, 2022
8:42 am

johndeere768

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August 24, 2022

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If I recall correctly, Motive told me unlimited. However, I have 10 accounts including my chequing.

Hope that helps.

August 24, 2022
9:26 am

HermanH

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What is the benefit of having so many accounts?

August 24, 2022
10:03 am

Dean

Valhalla Mountains, British Columbia

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HermanH said

What is the benefit of having so many accounts?

The most common reason is described by the term; 'Envelope Budgeting'.

Link ➡ https://www.investopedia.com/envelope-budgeting-system-5208026

I don't use it, but many do ... including my son. By using multiple SAs (instead of actual envelopes), at least you earn a little interest along the way. sf-smile

Dean

sf-cool " Live Long, Healthy ... And Prosper! " sf-cool

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