It is advisable to have more than one personal bank account in order to enhance your financial security. The same is true for corporate accounts: if your business has several of those, you can designate each account to serve a particular purpose. It is important to realize that banks normally prefer working with clients residing in the country where the bank is located or at least residing in the same part of the world. Thus, if you would like to do business in Latin America, you should set up a corporate account somewhere in that region.