Have Three or More Retail Bank Accounts? Here’s What the Data Show

Jul 24, 2026 | 0 comments

 

Banking in the 21st century is easier than ever before. With retail bank accounts (also known as personal or consumer bank accounts), individuals have the opportunity to bank with the institutions that best fit their unique needs. But why stop with one? Consumers can open up multiple retail bank accounts, and as the data show, 18% of Americans have three or more. Meanwhile, a more substantial 34% have two retail bank accounts, and 48% simply use one.
Women are slightly more likely than men to have just one retail bank account, while men are more likely to have two or more. Perhaps not surprisingly, income also plays a role. Those who make $100K or more annually are seven percentage points more likely to have three or more retail bank accounts than those who make $100K or less every year.

However, this demographic data is far from the full story. Here’s how consumers with the most retail bank accounts differ from those with the fewest: 

A Love of Cooking: While 33% of those with three or more retail bank accounts say they ‘love’ to cook, just 29% of those with one retail bank account say the same. 

Renters vs. Buyers: Those with one retail bank account are more than twice as likely to rent as those with three or more retail bank accounts (25% vs 9%). 

Dental Hygiene: While 17% of those with three retail bank accounts say they brush their teeth in the shower, just 8% of those with one retail bank account say the same. 

Tendency to Spend: Those with three or more retail bank accounts are five percentage points more likely than those with one retail bank account to say they have difficulty controlling their spending (18% vs 13%). 

A Full Night’s Rest: While 18% of those with three or more retail bank accounts say they sleep eight or more hours per night, just 12% of those with one retail bank account say the same. 

 

Where do you stand? Take this poll now and see how your preference compares with other Americans:

 

Although the number of retail bank accounts you use may not seem especially telling, the data show that this simple financial choice relates not only to how you spend your money but also to much broader decisions beyond bank walls.

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This article’s data comes solely from CivicScience’s database, which contains nearly 700,000 poll questions and 5 billion consumer insights.

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