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A cash advance for a check is essentially a loan. So, if a cash advance is given for a check the only fee that is associated with it would be the interest one must pay on the loan. Interest rates tend to be very high comparatively.

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12y ago

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What are the fees associated with Indian Overseas bank?

The fees that are associated with India Overseas Banks are fees for ATM use, fees on cash advances, and interest rates on any type of personal or business loan. These are considered to be service charges for account holders.


What is it called if you borrow money on a credit card?

When you borrow money on a credit card, it's called a cash advance. A cash advance is when you use your credit card to get cash from an ATM or bank teller, or to transfer money to your bank account. Cash advances usually have higher interest rates than regular purchases, and they may also have fees associated with them. It's important to read the terms and conditions of your credit card agreement to understand the interest rates and fees associated with cash advances.


How many cash advances are advisable if Im in debt?

If you are in debt, you should only be using cash advances for a true emergency. Cash advances usually come with near outrageous fees which will put you further in debt.


Can I use an ATM with a credit card?

Yes, you can use a credit card at an ATM to withdraw cash or perform other transactions, but keep in mind that there may be fees associated with cash advances and interest charges.


What credit card features would be best for customers who might need to use their credit card to borrow money?

Ideally, there would be no fees for cash advances and the same interest rate for all charges, both purchases and cash advances. (Some cards offer both of these features.)


What are some tips of how to cash a check?

If one needs to cash a check the very best option would be if one has a bank account one would go to the bank to cash the check. There are also places such as Money Mart that will cash a check but there would be fees associated with doing so.


Where can I cash a business check near me?

You can cash a business check at a bank branch, credit union, or check-cashing store near you. Make sure to bring proper identification and be aware of any fees associated with cashing the check.


Can you pull money out of a credit card and if so, what are the potential consequences or fees associated with doing so?

Yes, you can withdraw cash from a credit card through a cash advance. However, this usually incurs high fees and interest rates, making it an expensive way to access cash. Additionally, cash advances may not have a grace period, so interest starts accruing immediately. It is generally recommended to avoid cash advances unless absolutely necessary due to the high costs involved.


Can i use my sears mastercard for cash?

Yes, you can use your Sears MasterCard to withdraw cash, but this is typically done through a cash advance. Keep in mind that cash advances usually come with high fees and interest rates, and interest begins accruing immediately. It's advisable to check your cardholder agreement for specific terms and conditions regarding cash advances before proceeding.


Which banks would allow you cash advances?

Many banks allow for cash advances on lines of credit, though I would caution against using the cash advance option. Cash advances are normally accompanied by high fees and extremely high interest rates, making them not a wise financial decision.


Is it possible to cash a cashier's check at any bank?

Yes, it is generally possible to cash a cashier's check at any bank, but some banks may have specific policies or fees associated with cashing checks from other institutions. It is recommended to check with the bank beforehand to ensure they will cash the cashier's check.


What are the cash back fees associated with this credit card?

The cash back fees for this credit card typically range from 3 to 5 of the transaction amount.