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Opening a Free bank account without start-up fee's ?*

The thing is i've never had any kind of bank account at all, but recently I have got a large sum of a ticket that needs to be paid in a couple of days, so I was going to get a loan to pay it off... except I can't find any completely free way to get an account to transfer the money from the loan place to my account then I could pay off the ticket and slowly pay off the loan... except no one that I know has a credit card or will let me use a 1$ for WaMu from a check... any kind of help at all would be appreciated because I am pretty dumb when it comes to this kind of stuff.

Answers:

1) Where do you live? There are plenty of banks that offer checking accounts with no monthly service fees and does not require a minimum balance or direct deposit. Most do require a minimum opening balance of usually $100, but you can let the balance fall under that afterwards. Nationwide, Wachovia offers free checking. Bank of America offer free checking IF you open the account online. Regionally, theres US Bank, SunTrust Bank, Colonial Bank, Sovereign Bank, Fifth Third Bank, National City Bank, Harris Bank, and a whole host of others. WaMu still offers free checking, but that may or may not last long, depending on how fast Chase integrates them. Free checking does not mean no fees. Ask the bank for a fee schedule, and read it. That way, you'll be able to avoid unnecessary fees. With good management, you won't pay any fees at all! If you don't write checks, then you don't need to order them. Just rely on Online Bill Pay and your Debit Card. Keep a register and don't spend more that you have and you'll avoid hefty NSF fees. Pick a bank with convenient branches to you, stick to their ATMs, and you won't pay ATM fees. And so on and so forth. And seeing that you do not know much about bank accounts, be carefull and find some way to learn how to manage them. Ask your branch banker for help, or learn about managing checking accounts at www.bankrate.com. If you mismanage your account, you bank can close the account and report your name to ChexSystems. That happens, and you are essentially blacklisted from opening an account at almost every bank in the country for up to five years.

2) Banks accounts don't have start-up fees. You will probably have to pay for your first box of checks, but some banks even spring for this. Get the cash or a check for the loan amount and go to a bank and open the account by depositing the loan check.

3) You have no bank account, know nothing about banking, and yet you expect to get a loan to pay off a ticket? Time for a reality check. You need a minimum deposit of $100 to open most checking accounts. It will cost you $20-30 for your first order of checks, which will be deducted from your deposit. Sometimes savings accounts can be opened with as little as $25. If you make a large deposit into a CD (minimum varies by bank, $2000 to 5000), wait about 6 weeks or so, then do a secured loan against your CD. You would be able to borrow typically 75-80% of what you have on deposit. This is a good way of establishing credit if you pay it back promptly as agreed. BTW, WaMu went bust a couple weeks ago. You are going to have to pay that ticket or go to jail. And there's no way you can get any sort of loan except maybe from mom & dad. Nobody else will give you a dime at this point.

4) No minimum balance required to open up accounts, check these out: Try Wachovia: http://www.wachovia.com/checking/free-checking-account.html Bank of America: http://www.wachovia.com/checking/free-checking-account.html If you need more payday loans check these out: http://tawanastegall.com/tawanasaid/?page_id=713

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