Originally Posted by
deant
According to my banker, it is having a Line of Credit - not a balance due.
The banker gave you incorrect information. Any of the accounts that include a balance qualifier from loans/CCs, require it to be an OUTSTANDING BALANCE to consider it. So, if you have a $100K Home Equity LOC that has a $0 balance, it WILL NOT count to waive the fee on the checking account as a balance qualifier. Now, if you have a $100K Home Equity LOC that has a $50K balance, then that $50K WILL count to the checking balance qualifier. Hope that helps.
SuperG03