Question

Why might you want to have multiple bank accounts of different varieties?

Answer 1

So you can use them for different things like saving up for something with a savings account, getting ready for emergencies with a checking account, and and a deposit account to pay utility bills.

Answer 2

Answer:

Multiple Bank Account : There are many reasons behind it to have multiple accounts of different varieties.

There are many cities in which there are only few banks in which ATM facilities are not available so if you have account in that bank you can easily withdraw money or transfer money, to your relatives , friends, acquaintances.

By having account in different bank helps you to keep your money safely as if  by chance, lost your card or passbook , with the help of other ATM you can easily resolve your problem.

Keeping money in different accounts help you to pay less tax as well as if you are a businessman your money will be safe.

Also, there are different kind of accounts

1. Saving

2. Basic Checking accounts

3......

which is for different kind of persons and for different age groups of people  keeping their income, and where they work either in government or private or self financed taking these things into consideration.