Pre-approval with Multiple Bank Accounts

[Justin Luc]

Hello, I am 25, single, and working on getting my first property that I hope i can live and rent rooms to friends.

My question is on getting pre-approved. I am worried about how my bank accounts looks. I have a WF account I put my paychecks in and use to pull out cash. I transfer most of my paycheck to an online Ally high interest Savings account where I used to get like 2.5%, but now it’s like 1.5%. My third bank account is a fidelity account which has a 2% universal rewards benefit, and I use that for all of my purchases.

It’s a convoluted set-up I have been using to maximize my cash on hand, but I imagine many people may do something similar.

My question is does this look bad to a lender? Should I send them information from all of my banks?