using LOC instead of chequing account
I'm wondering if I could close my chequing account, deposit the money i have there, and my pay cheque every month into my LOC to have a positive balance...and use the LOC for my daily needs.. debits etc.
it will usually have a positive balance, and it'd give me more flexibility/safety in terms of `overdraft protection`.
any ideaS? i could call the bank but RFD is a lot better for me right now because i'd like to hear if there are unexpected results of doing this.
thank you!
it will usually have a positive balance, and it'd give me more flexibility/safety in terms of `overdraft protection`.
any ideaS? i could call the bank but RFD is a lot better for me right now because i'd like to hear if there are unexpected results of doing this.
thank you!