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This one’s easy. Close your existing chequing account with it’s monthly fees and open a line of credit. Tell your bank to attach the line of credit to your debit card in the “chequing account” slot. Done.

A typical major bank (in this country) will charge you upwards fo $13/month for unlimited banking transactions (withdrawls, bill payments, debit payments, cheques etc.). However, the banks will typically waive these fees on line of credit accounts, to encourage borrowing one supposes.

And guess what, lines of credit have all the properties of your chequing accounts including cheque writing (for people who still do that), ABM withdrawals, debits etc. But here’s the kicker, lines of credit unlimited positive balances. Continue reading →

I’ve decided to cover a little more on this blog about the world of the world of mystery that is retail banking and global electronic payments. It’s a subject, by accident of history, that I am steeped in. (Disclaimer, I’m … Continue reading →

The National, last I caught them at Great American Music Hall, SF 2006. # I do believe that this is the truth. Especially the bit about Wilco. # M asked today if there are shows coming up locally soon, and … Continue reading →