| There are a lot of options to consider when | | | | shows up as a cash advance on your credit |
| choosing a bank. Now days, there are more | | | | card. Cash advances from a credit card aren't |
| options, services and accounts than ever to | | | | usually calculated at the same annual |
| choose from. It can be confusing when | | | | percentage rate as a regular purchase. Cash |
| deciding where to start. If you do a little | | | | advances from your credit card are usually at |
| research and possibly a little visiting, you | | | | the highest interest rate available to the |
| can find a bank that fits your needs and | | | | credit card company. Keep track of your |
| goals. | | | | account. If you know that you're getting |
| | | | close to emptying your checking account, it |
| If you find yourself in a financial binds | | | | might be a good idea to use your credit card |
| pretty often, then you may want to choose a | | | | if possible. This way, you're only charged |
| bank that offers something like a payday loan | | | | the regular APR with no extra fees. This can |
| or a cash advance. These can be helpful if | | | | save you from going more deeply in debt than |
| you're finding yourself making late payments | | | | you can handle. |
| on loans or credit cards. They can help you | | | | |
| out of a financial bind and help you to avoid | | | | Savings accounts are really useful ways to |
| late fees and bad hits on your credit. Just | | | | save money. It helps your credit score to |
| be aware of the terms and try to make all of | | | | have a checking and a savings account. |
| your payments on time. It's also important to | | | | Savings accounts usually have more strict |
| make more than the minimum payment whenever | | | | guidelines on how often you can take money |
| possible to avoid putting bad information on | | | | out than checking accounts do. This can be |
| your credit report. | | | | beneficial if you're serious about saving. |
| | | | Savings accounts can also be used as |
| If you qualify, then overdraft protection is | | | | overdraft accounts and often don't have fees |
| a great thing to have on a checking account. | | | | associated with the first few overdraft |
| Overdraft protection usually is a line of | | | | withdrawals. Be careful not to deplete your |
| credit extended to you that can cover bounced | | | | savings and try to have regular amounts of |
| checks or overdraws on your account. | | | | money going into savings at set intervals. A |
| Overdraft protection can allow you to pull | | | | good option is to have an automatic draft |
| more out of an ATM than you actually have in | | | | from your checking to your savings happen on |
| your account. This is helpful when you're in | | | | the same day that your paycheck goes into the |
| need, but be careful not to abuse the | | | | bank. This way you don't ever see the money |
| privilege. Even with overdraft protection, | | | | available in your checking and you don't make |
| you can incur substantial fees every time you | | | | it an option not to save. |
| dip into your overdraft account. | | | | |
| | | | Shop around online and visit banks in your |
| Sometimes the charges go directly on to a | | | | area that are convenient to you. You're sure |
| credit card. This can seem advantageous, but | | | | to find a bank that fits your needs and your |
| each overdraft generally comes with a fee and | | | | lifestyle. |