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Essentially, these accounts act like lines of credit: months that are heavy with expenses are balanced out by leaner months. ... Things are slightly different in the United States (and these accounts may go by a different name). ... these loans to meet IRS guidelines, they must combine a checking account, home equity loan and mortgage into one account. [. . .] The single account offers all of the amenities of a normal bank account, such as an ATM and debit cards, automatic bill paymentsanbsp;...

Author:Laura J. McDonald, Susan L. Misner
Publisher:John Wiley & Sons - 2013-04-17


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