topic Re: Balance transfer? in Credit Cards

Balance transfer?

Anonymous — Fri, 11 Oct 2013 18:37:50 GMT

Hello,

guys are they any banks that allows bal transfer to checking AC immediately after getting approved, before the card arrives?

Re: Balance transfer?

parakleet — Fri, 11 Oct 2013 19:07:25 GMT

Don't know about immediately but typically, you can enter BT information in the CC app. If approved, I imagine that will start the BT process sooner than having to wait until you receive the card. But it'll still take a few days to process.

Re: Balance transfer?

thom02099 — Fri, 11 Oct 2013 20:22:38 GMT

@Anonymous wrote:
Hello,
guys are they any banks that allows bal transfer to checking AC immediately after getting approved, before the card arrives?

If I'm reading your question correctly, sounds like you want to do a transfer from a credit card to your checking account? That would probably be considered a cash advance rather than a balance transfer. I'm sure some of the experts on here will weigh in on that.

Re: Balance transfer?

compassion101 — Fri, 11 Oct 2013 20:27:01 GMT

Sometimes there are options to get cash for the same conditions as a balance transfer.

If you are in need of quick money though I doubt it will arrive quickly. Should take at least a couple of days possibly a week or so.

Re: Balance transfer?

missjae — Fri, 11 Oct 2013 22:02:26 GMT

My local credit union cc was the closest I could ever get to this. After approval, I went in branch to get the card. They allow transfers to my checking/savings account by phone/in person. The interest rate is the same as reg purchases. No BT/cash advance fees. However, they charge interest from the day you take the cash out....

Re: Balance transfer?

youngandcreditwrthy — Fri, 11 Oct 2013 22:09:01 GMT

BOA will do a direct deposit as a "balance transfer"
But it will depend on your creditstanding, as well as your intentional use for the money.
BOA wouldn't let me off the phone without committing to a Direct Deposit it seems.
Additionally, they will want you to wait 14 days or s'thin' like that to complete the funds' transfer.

Re: Balance transfer?

too-much-time — Fri, 11 Oct 2013 22:21:25 GMT

@compassion101 wrote:

Sometimes there are options to get cash for the same conditions as a balance transfer.

If you are in need of quick money though I doubt it will arrive quickly. Should take at least a couple of days possibly a week or so.

I haven't seen that to be an option with a new card. But convenience checks pile up by my doorstep faster than snowflakes in the winter, because I have been using some cards and then less, so that's a way from banks to do a little business, at an often favorable promotional rate for me and coded as purchases. The smoothest of such in my experience is Citi, which allows me to go online and deposit the money directly into my checking account. The whole thing is a few clicks away, and the money is in bank the next day. How can you beat that?

Re: Balance transfer?

Anonymous — Sat, 12 Oct 2013 02:36:01 GMT

i guess its best to wait for the checks, but i will try citi ...like what "" too much time"". said

Re: Balance transfer?

Anonymous — Sat, 12 Oct 2013 04:42:22 GMT

difficult to do unless with a credit union, even capital one had issues with BT to a checking account