@Anonymous wrote:
That's pretty awesome honestly. I don't have a ton of uti issues but that's pretty awesome if anything was to happen. Kind of like discovers cash over feature which I use pretty often. Is that a balance transfer, with a fee? Or is it kind of called something special?
No fee, no cost transfer, just standard APR daily interest - note that while I use this feature all the time, it's usually just over a weekend or for a couple of days before it's paid back. DCU has a policy that you can only transfer in funds through interbank transfers at $2k a pop and with a 3 work day delay. I also "push" funds to DCU through my local bank, but that's limited to $3k a pop and also has a 3 day delay. You can deposit a check for up to $5k through your phone or scanner imaging, but since I don't live in New England, it's kind of a PITA to transfer funds into DCU.
Yes I could make all of my direct deposits (paychecks) to DCU, but I like having a local bank for deposits, etc so they get the DW's check and not mine, but we are using DCU more and more to pay most of our monthly bills. The Visa to checking short term "loan" really helps when I schedule a transfer for say $2000 and I "borrow" $1500 for 3 days - the interest is generally less than the price of a stamp. The key here in keeping the interest cost low is paying in full ASAP, however even if you carryed the "purchase" it's still at your standard APR NOT at a typical higher "cash advance" APR rate.
If you use the feature and not abuse it, it's a real benefit of having a DCU credit union Visa IMO.
