Wells Fargo Scandal: 5 Things you Need to Know!
Wells Fargo Scandal: 5 Thing you Need to Know! Subscribe http://goo.gl/Q2kKrD Employees of the Giant US Bank Wells Fargo spent years setting up fake ...
What is the Cash Advance Credit Line? - Credit Card Insider
Today's question is: What is the cash advance credit line? Ask us your credit questions and find your next card at https://www.creditcardinsider.com/ Many credit ...
You can link other Wells Fargo accounts, like your savings and credit card, to your checking account, and we'll transfer available funds when money is needed in your checking account to pay your transactions. Transfer or advance fees apply, but it may help you avoid more expensive fees.
Cash advances are typically more expensive than other credit card transactions and fees may also apply to each cash advance taken on an account. Typically there is no grace period for a cash advance and interest begins to acrue immediately.
If you decide to take out a cash advance, you will have to pay an upfront fee and a separate APR. The upfront fee is on average $9 or 4% - whichever is greater. With the average credit card, the cost for cash advances up to $225 will be $9. For any larger withdrawal, you will pay 4%.
Compared to a credit card cash advance, the fees are roughly the same but the difference is you’re not paying interest on the money you withdraw. Many credit card issuers charge anywhere from 25% to 29% APR on cash advances, so using your debit card instead is a much less expensive option.
Never mind that Wells Fargo finances the merchant cash advance companies, too. Give Wells Fargo credit for supporting an innovative business loan developed by a California nonprofit microlender.