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Valued Contributor
Posts: 2,072
Registered: ‎03-03-2015
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Don't be stupid like me and fund your DCU account with a credit card

I recently obtained DCU membership and made my $10 donation, and $5 deposit into savings.


I did a little searching in the forums to see if it would code as a cash advance, but didn't see anything recent. Now I see I was using the wrong search terms because "DCU Funding" comes back with a warning from 2014: Funding a DCU account will code as a cash advance. I don't see anything more recent than that, so I'm posting this as a warning to others. 


I just took a look at my Capital One account online, and I see two transactions ($5 and $10) and two $10 cash advance fees as well. Smiley Mad



Starting scores: 552 EQ, 570 TU, 558 EX Current scores (9/29/17): 746 EQ 721 TU 719 EX
Posts: 8,820
Registered: ‎06-20-2015

Re: Don't be stupid like me and fund your DCU account with a credit card

I'm sorry this happened to you.  Smiley Sad


FWIW, there's a great DoC article with a list of many banks/CUs and how their funding codes:


There's no entry in the article for DCU, but down in the comments there are a couple of people who had the same experience as you, so you're definitely not alone.  Smiley Frustrated

Valued Contributor
Posts: 3,022
Registered: ‎08-13-2009
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Re: Don't be stupid like me and fund your DCU account with a credit card



Did you have the option of using a debit card to fund your account?


The interest starts accruing immediately for cash advances on the cc, so you might want to pay it off immediately!

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