My revolutioniary idea to improve Bank savings accounts
This may already exist, but I don’t think so as I have never seen it. My idea is to allow banks to let you “tag” money in checking or savings account for a certain purpose. Currently if you want to distinguish money for a certain purpose, say Christmas spending money you go and open an entirely different savings account to do so. This results in another statement being mailed to you and more work and expense for the bank to keep track of this new account.
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