Usually, multiple bank accounts are opened by banking customers due to so many reasons. If you have different types of saving goals, economic experts opine that it is better to open up different accounts in different banks. In the case of having exorbitant bank balances, both business entities and professionals choose multiple bank accounts. If a regular withdrawer of cash for different accounts and purposes, it is better to have more than one account as there is some withdrawal limit for all the bank accounts. Even though multiple accounts managements is difficult, most business professionals initiate different bank accounts in different banks because of all these reasons.