Harris Financial Corp. is now offering a new access card for HELOC customers. The access card comes with the MasterCard logo and can be used as a credit card for purchases or as a debit card for ATM withdrawals. Customers are still able to use access checks and conduct fund transfers via phone, internet, or bank.

In a recent news release, a Harris Vice President said that the new access cards would make it easier for borrowers to use their HELOCs:

“Harris is committed to making banking convenient and accessible for our customers,” said Titi Cole, Harris Senior Vice President, Retail Banking Product Management. “These Access Cards help our customers simplify their lives by giving them easy, quick access to their funds.”

Many HELOC borrowers find that access cards are the easiest way to use a credit line. However, some feel that access cards make it easier to spend money carelessly and a physical card may make the borrower more vulnerable to fraud.

See Also: How a HELOC Works

Tags | Heloc, home equity loan, loans