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How do I get a cash advance at a bank?

cash advance
Dave asked:


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.

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This entry was posted on Saturday, December 6th, 2008 at 5:05 am and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

No Responses to “How do I get a cash advance at a bank?”

  1. Chronickandy Says:
    December 7th, 2008 at 5:43 am

    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.

  2. Adam S Says:
    December 8th, 2008 at 6:41 am

    A gun and a mask and a fast getaway car.

  3. Tim S Says:
    December 11th, 2008 at 6:53 am

    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.