How many bank accounts do you recommend that I have?

One or two. We recommend that you keep your financial structure as simple as possible. The more bank and credit card accounts that you have open, the more headache it will likely lead to managing all those bank accounts and transferring money between them.

You don’t need various bank accounts to keep track of your expenses. Instead, let your Chart of Accounts do all the work for you.

However please consider FDIC insurance limits and how much cash your business has on hand.