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Established Contributor
Posts: 943
Registered: ‎08-02-2008
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Penfed BT Offer

Curious, with this cap on the 3% fee (250) could you potentially do a BT to a debit card? For example, to my BOA or Chase debit cards? Anyone done this before?

FICO: EX: 766 (8/16); TU: 782 (7/16); EQ 776 (8/16)
Super Contributor
Posts: 7,491
Registered: ‎12-11-2011
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Re: Penfed BT Offer

What do you mean by do a BT to a debit card? Do you mean write a convenience/bt check and deposit it into a checking account?


Established Contributor
Posts: 943
Registered: ‎08-02-2008
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Re: Penfed BT Offer


jsucool76 wrote:
What do you mean by do a BT to a debit card? Do you mean write a convenience/bt check and deposit it into a checking account?

No, actually penfed asks you to enter an account number and amount to transfer (usually a credit card number). 

FICO: EX: 766 (8/16); TU: 782 (7/16); EQ 776 (8/16)
Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
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Re: Penfed BT Offer

Your asking like a cash advance. I never heard anything like this before. But I believe a CC have a distinctive number so a company knows, but I could be wrong.

Last Pulled EQ: 809
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Established Contributor
Posts: 574
Registered: ‎10-20-2008
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Re: Penfed BT Offer

[ Edited ]

Some banks like Citi will let you BT to a cheking account.  I don't know about Penfed.  Why not just try using the debit card number and see what happens? The worst that can happen is it doesn't go through.

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