Wednesday, July 21, 2010

How do I get a cash advance at a bank?

I'm in a tight financial situation and I need to deposit some money into my bank account. Can I just go to my bank and have them run my credit card to get a cash advance? I have a pin number for my credit card, but the ATM will limit what I can take out per day, and will charge a fee for each transaction.

How do I get a cash advance at a bank?
Visit any bank and tell them you need a cash advance from your credit card. If you arent a member of that bank then you will only be able to withdraw up to $500 and they will more than likely charge you a withdrawal fee which is usually $5. If you have a bank then you should go to your bank where you can avoid limitations and fees.
Reply:A gun and a mask and a fast getaway car.
Reply:Be careful with credit card advances. The charge for each transaction is 3% of total advanced with a minimum charge amount and a max of usually $75.





Depending on dollar amount you are looking to "borrow", you may want to look at other alternatives like borrowing from a friend or family member.





Another alternative is a short term loan from a payday lender. Check to make sure they are reputable and are members with CSFA.net. Compare several payday lenders' charge per $100 borrowed.





Please use any cash advance method wisely and only borrow what you can payback within a given period.





If you cannot pay back a short term or two week loan then a cash advance from your credit card maybe your only option. Factor in the cost of the interest rate on top of the advance charge before you make that final decision.


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