topic Re: Question about Discover Balance Transfers... in Credit Cards

Question about Discover Balance Transfers...

Anonymous — Sat, 25 Feb 2012 05:48:02 GMT

Does anyone know if Discover processes balance transfers electronically? Or do they always do it via mail?

I apologise in advance if this is in the wrong forum.

Re: Question about Discover Balance Transfers...

MarineVietVet — Sat, 25 Feb 2012 05:55:57 GMT

@Anonymous wrote:
Does anyone know if Discover processes balance transfers electronically? Or do they always do it via mail?

I apologise in advance if this is in the wrong forum.

In my experience Discover has the option of electronic direct deposit. But you can also receive a paper check.

Re: Question about Discover Balance Transfers...

Anonymous — Sat, 25 Feb 2012 06:13:10 GMT

@MarineVietVet wrote:
@Anonymous wrote:
Does anyone know if Discover processes balance transfers electronically? Or do they always do it via mail?

I apologise in advance if this is in the wrong forum.
In my experience Discover has the option of electronic direct deposit. But you can also receive a paper check.

A balance transfer to Capital One would most likely be done electronically, right?

Re: Question about Discover Balance Transfers...

RyVision — Sat, 25 Feb 2012 06:23:25 GMT

@Anonymous wrote:
@MarineVietVet wrote:
@Anonymous wrote:
Does anyone know if Discover processes balance transfers electronically? Or do they always do it via mail?

I apologise in advance if this is in the wrong forum.
In my experience Discover has the option of electronic direct deposit. But you can also receive a paper check.
A balance transfer to Capital One would most likely be done electronically, right?

Yes.

Discover also told me if I do a BT they'll first try via "wire" (electronically) and if the bank being paid doesn't allow it (or it just can't be done that way) they'll issue a check via the mail.

Re: Question about Discover Balance Transfers...

Anonymous — Sat, 25 Feb 2012 06:46:18 GMT

@RyVision wrote:
@Anonymous wrote:
@MarineVietVet wrote:
@Anonymous wrote:
Does anyone know if Discover processes balance transfers electronically? Or do they always do it via mail?

I apologise in advance if this is in the wrong forum.
In my experience Discover has the option of electronic direct deposit. But you can also receive a paper check.
A balance transfer to Capital One would most likely be done electronically, right?

Yes.
Discover also told me if I do a BT they'll first try via "wire" (electronically) and if the bank being paid doesn't allow it (or it just can't be done that way) they'll issue a check via the mail.

Thanks! Since im doing the bills now I think i will still pay my minimum thats due 3/18....just to be safe...then eventually they'll mail me a refund cheque.

Re: Question about Discover Balance Transfers...

Anonymous — Sat, 25 Feb 2012 13:45:33 GMT

@Anonymous wrote:
@RyVision wrote:
@Anonymous wrote:
@MarineVietVet wrote:
@Anonymous wrote:
Does anyone know if Discover processes balance transfers electronically? Or do they always do it via mail?

I apologise in advance if this is in the wrong forum.
In my experience Discover has the option of electronic direct deposit. But you can also receive a paper check.
A balance transfer to Capital One would most likely be done electronically, right?

Yes.
Discover also told me if I do a BT they'll first try via "wire" (electronically) and if the bank being paid doesn't allow it (or it just can't be done that way) they'll issue a check via the mail.

Thanks! Since im doing the bills now I think i will still pay my minimum thats due 3/18....just to be safe...then eventually they'll mail me a refund cheque.

I just put in for a BT yesterday with Discover and the rep's advice was to do exactly that. If my other card came out due, just pay it and they'd just refund me eventually.

Re: Question about Discover Balance Transfers...

MarineVietVet — Sat, 25 Feb 2012 18:15:48 GMT

@Anonymous wrote:

A balance transfer to Capital One would most likely be done electronically, right?

I'm late answering this but yes this would be done electronically.