For many years, I did all my banking at Royal Bank of Canada.

I’ve been with RBC for the better part of 20 years. I opened my first account — a savings account — when I was 10 years old. My client account looks a lot different today than it did then, with more products added and, for the most part, a bigger balance.

RBC has been good to me over the years. So why do I now have multiple bank accounts at multiple financial institutions?

There are a few reasons.