What type of account do I need?

ListenLadyMarge · #1 (**permalink**) 11-14-2009, 12:16 AM

I want to open an account specifically for paying off some items I bought off ebay. The account will be open less than 2 weeks. I want no minimum deposit requirements and no charges. I don't need interest. I won't be using it for loans either.

I do not have any direct deposits that can be added onto the account or any automatic bill paying.

Ideally I would be interested in doing a "Try-It-Free For 2 Months" type deal but I can't find banks that are doing that in my area.

The only reason I need to open this account is to pay with paypal. Paypal requires you either link your account with them through your bank or credit card. I don't have a credit card.

Any ideas?

Scotos · #2 (**permalink**) 12-10-2009, 03:07 AM

Try your local credit unions. Their checking accounts operate just like a large bank's checking accounts. Normally they wont have minimum balance requirements, besides $1 to keep the account open. However, if you can't find one, normally the account fee is around $5 a month and almost always your first month is free. I actually heard recently that chase is giving their new customers $100 as soon as you use your debit card 5 times, no matter the amount of your purchases. However, I am not sure if that is only in California. You could actually make some money off the deal if you use that option.

Dallas Dollars · #3 (**permalink**) 02-09-2010, 12:41 PM

To piggy back on your comment Scotos, credit unions offer an array of benefits and there fees are as taxing as regular banks.

AlFromLA · #4 (**permalink**) 03-18-2010, 05:13 PM

lol looks like something fishy is going on..what wouldn't you want to keep your account open beyond two weeks if it doesnt cost you anything?

sapphirecapital · #5 (**permalink**) 03-18-2010, 06:20 PM

look at UPside card, for 2 weeks, I do not think they charge

Steven Henry · #6 (**permalink**) 05-05-2010, 02:49 AM

Hello Guys,

Can you please tell me that whether after 2 months you are going to cancel your deal with pay pal?

Thanks,
Steven.

investor123 · #7 (**permalink**) 05-29-2010, 01:36 AM

Paypal is safe. If you have a bank account, you can use it to link to your paypal account I guess.

kellyS · #8 (**permalink**) 02-10-2012, 01:57 AM

I agree. paypal account is nice!

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