Let me make it clear about Some major banking institutions will not provide advances that are payday-like

A Wells Fargo bank in Woodbury, Minn. The high-cost, quick-fix deposit advance loans made available from some banking institutions is likely to be discontinued in 2014 after customer advocates dubbed these products as financial obligation traps. At the time of Saturday, both Fifth Third Bank and Wells Fargo, which had clients in Michigan, will place restrictions on new clients signing up for deposit advance services and products. Existing clients could have a little more time…