I'm looking for a bank with free checking, and more importantly the ability to link a line of credit account or credit card where I am not charged a dime in "transfer" or "cash advance" fees if i overdraft and have to draw on the line or card. I am currently with US Bank who has such a feature, but they dont have any branches in NYC, where Im planning to move. Anyone know of such a bank?
2006-09-01 15:49:33 · 4 answers · asked by alferzz 2 in Business & Finance ➔ Personal Finance
Well they do exist, because US Bank has exactly this. I'm just looking for a bank in NYC that does this also. Did I just get really lucky?
2006-09-02 22:24:03 · update #1
find a bank that offers overdraft protection. it's free unless you use it. For example, if you over draw your account, it will pull money from your overdraft account into your checking account so that you can avoid NSF fees. my bank takes they money from my overdraft account in $100 increments. Then when I get paid, I just pay back however much money it took. Plus, it helps you to build credit. Almost any bank I know of offers this.
2006-09-01 16:19:13 · answer #1 · answered by cindos_69 5 · 1⤊ 0⤋
I don't know of any financial institution that does this. Overdraft fees are a good way for banks to make a lot of money and I doubt they'd give that up. If it's a one-time thing, you can usually talk with them to try and get it waived but if it's an ongoing problem, you may just have to keep better track of what's going in and out of your account.
2006-09-01 16:05:32 · answer #2 · answered by Vadalia 4 · 1⤊ 1⤋
free banking was worse than what we have today. the central bank is hand of government and other banks are under its power. present system works fine for the consumption oriented quantity eased growth addicted economies.
2016-03-27 03:54:10 · answer #3 · answered by ? 4 · 0⤊ 0⤋
I would suggest that such an "animal" would not exist.
2006-09-01 15:59:14 · answer #4 · answered by hubertxiv 3 · 0⤊ 2⤋