Banking, Banks, Banks and Banking

squarepusher said: "ok! right now i ONLY have a wellsfargo acct ... which has been fine for my past several years, but now that I have a need to do wire transfer, and possibly wont be meeting minimum acct. balance of $25k (for PMA to avoid fees), I need to consider my other options. Let me make my questions simple and few to see if anyone can counsel me, Im looking for a new bank, and I dont care if its internet or hard branch location: 1) I'd like to have a bank that has free wire transfers, and preferably the ability to make these ONLINE (which I haven't heard of yet, but it would be ideal). a) It would be also the best if the wire transfers were same day (no multiple day waiting time) 2) For my current back, the minimum acct. balance is $25k to avoid fees ... is it legal to take out 'personal line of credit' for $25k the day before my account balance is due, then just pay it back the next 2 days after the new period starts? Also, does anyone know how interest is computed on balances ... is it (amount at the end of the month, or cumulative/average amount throughout the month?) EDIT: Answered the second part, interest is computed daily, paid monthyl [QUOTE][I]5. Variable rate subject to change at Bank’s discretion. Interest is compounded daily and paid monthly. Interest rates are based on your collected daily balance (tiered rates). [/I][/QUOTE] ok, I noticed WaMu has free wire transfers from what seems to be their free $1 checking accounts (best option right now) having the ability to do online wire transfers would be nice too, save this old hermit the trouble of leaving his house =]"