The "Game-Changer" in the World of Lending

In the modern world, payday loans are coming to replace the services and products provided by traditional lenders. The main reason why the replacement will succeed is regarded to be the convenience and the automated scheme of online same-day loans.  People are bored with the long procedures of the lending process that most of the traditional lenders apply. In contrast to traditional lending, payday lending may be accomplished fully online without any need for the applicant's presence.

If you need quick cash instantly, you may apply for a personal loan or credit line, however, bear in mind, that the wish is not enough to be eligible, as the credit score and history play a major role in the game of traditional lending. You can apply fully online and get your instant quick cash by just filling out the online application form on our web page: Shinyloans.com. Please be aware, that if you submit our application and receive the approval by 11:40 am EST, then desired funds will be credited to your account during the same day. Our service is available in most states of the US. If you want to check the availability of our service in your state, you can search for payday loans online in Florida or payday loans in Ohio and find our online platform to get your piece of cash.

Some people tend to believe that payday loans are extremely expensive, however, they are not totally aware of the hidden fees that most of the traditional lenders apply.

Transaction Fees

In general, the saving and money market deposit accounts are not aimed to be used for frequent withdrawals. Most of the banks have fixed charges for withdrawal from the saving accounts. For instance, they can apply the charges if the customer exceeds the exact amount or the number of transactions for a specific period. It should be a rule for everyone to cover daily expenditures only from the checking account in order to eliminate the transaction fees.

Card Replacement Fees

You need to apply for a card replacement if you lost your card. However, be aware that the card replacement is not free and you may be requested to pay fees imposed by the card provider. Generally, customers have two choices if they lost their credit/debit cards: replace the card within a rapid delivery for a higher fee or apply to standard delivery for a lesser fee.

Closure Fees

Many financial institutions may apply special fees for closing the prematurely opened account. The time frame fixed by financial institutions may vary from 90 days to 180 days. It is essential to clarify the account closure fees before you apply for one.

Inactivity Fees

Financial institutions may also apply inactivity fees towards the abandoned accounts that have no transactions for the exact period. However, it is easy enough to escape the inactivity fees by just doing even one transaction during the fixed period. You may activate the reminding service that will alert you about the fact of non-activity. 

Paper Statement Fees

Nowadays, financial institutions used to provide the online version of the bank account statement. However, if you prefer to receive a paper version of your account statement you may face paper statement fees applied by the financial institutions. In order to dodge the paper statement fees, you may accept to receive the online version of your bank account statement.

Foreign Transaction Fees

Debit or credit cardholders may face problems linked to the foreign transaction fees that the financial institutions may apply if the funds have been withdrawn out of the issuing country. These kinds of fees may act as unexpected expenses for the people who are traveling a lot. There are some tricks that can help you to escape foreign transaction fees. For instance, you can open a credit /debit card with a bank that does not apply foreign transaction fees, or, alternatively, you can take an amount in cash of the currency where you are planning to visit.