Patrick Hanzel is a CERTIFIED FINANCIAL PLANNER™ and senior associate on the advanced planning team at Policygenius. He has eight years of industry experience, previously working as an advisor and associate at Northwestern Mutual, and his insights have been included in publications including Lifehacker and Ladders. Patrick has a degree in Business Administration from Nebraska Wesleyan University.
“There could be a multitude of reasons [to have a secret bank account],” Hanzel said. “It may not always be for a bad reason or something that is negative.” Hanzel posited that many people were just embarrassed by their spending habits, and opened up a secret bank account or credit card “when they don’t want their partner knowing how much they’re spending on clothes or at happy hour after work.” - Ladders6 April 2020