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GMTFOH

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5 bank accounts improves fico?
Someone told me having multiple bank accounts at different banks improves your fico. They did not specify savings or checking. This is FICO not chexsystems.

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affitional info

They did say the accounts have to be at different banks.

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NO!!!  I strongly suggest you read the articles on this site so you can understand what WILL help all credit scores, and multiple banks accounts are NOT the way since they have nothing to do with credit. 

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Checking/saving/investment/retirement accounts have no influence on credit scores and it isn't even on your credit reports. The "bank" accounts that someone reference to would most likely be a credit card(s) from major banks. Having credit cards from different banks doesn't improve your scores, it's same if the 5 cards from one bank or 1 card from 5 different banks, however have credit cards from different banks would ease off the "what if" scenarios, the what if one bank decided to suspend your accounts temporarily due to fraud or variety of other reasons. The saying of "don't put all your eggs in one basket" do apply to credit cards as well.

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