answersLogoWhite

0


Best Answer

A cash advance is typically a loan taken out against a line of credit such as a credit card, the cash advance typically charges a substantially higher interest rate. In order to get a cash advance from a bank, one needs to provide the bank with a line of credit that they can use as collateral to the cash advance they provide, this is typically done through the use of a credit card.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How can you get a cash advance from a bank?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is the journal entry in granting the travel in cash advance?

debit advance cashcredit cash / bank


What is the journal entry for cash advance to employee's pay?

Debit advance salaryCredit cash / bank


What is the Journal entry for advance?

Debit advance paidCredit cash / bank


How do I get a trust cash advance?

A trust cash advance can be obtain by your bank, job or wages stubs submitted to a loan company.


Where one can get a cash advance card?

One can get a cash advance card from credit card companies such as Discover and Citibank. Cash advance cards are also available from Visa and Bank of America.


How do you get a credit card cash advance?

Take it to the BANK YOU have an account at


Can I Still Acquire A Business Cash Advance If I Already Have A Bank Loan?

Yes. A cash advance lender can be taken regardless of your other centers. Most significantly, the cash advance does not appear on your credit report so different creditors will not be capable to see that you have taken the cash advance.


Can you use your union bank eon card for a cash advance?

yes


What is the Journal entry for purchase of asset by advance payment?

Debit advance payment for assetCredit cash / bank


What is the journal entry for cash paying to a staff as advance?

[Debit] Staff Advances [Credit] Cash / bank


Can I get a cash advance at a merchant's rate if I have a decent business?

Depending on the bank, a cash advance may be given at a merchants rate. It is also dependant on your credit score.


What are the benefits of a cash advance?

The benefits of a cash advance are that it will allow an individual to have money on hand when they do not have any to draw from at a bank. These advances usually have a high interest charge.