Quote:
Originally Posted by Fuzzyjourneyfan
We bought a house, but we will not be able to move in for a few months. We would like to open a checking account to buy large items, like a used car. Are there banks that you would recommend (or not recommend) for this purpose? Can we just use our out-of-state checking account in Florida (part time residence) or do we have to open a checking account in Florida? We will be in Florida several months out of the year.
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A possible alternative. If, you have a brokerage account they offer free checking.
Were you to open a Florida checking account and use it to buy,"large items," you would need to have a large enough balance in the account so that checks do not bounce.
May be old news but a local check must be cleared by the bank in two days, an out of town check will take 10 days to clear. A credit card gives you many advantages including the right to cancel in 24 hours and more power to dispute any issues. The reason why some businesses refuse to take a credit card. IE the stereotyped used car lot that moves every week or three.