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Bank of America Bal Transfer ..Snail Mail or Electronic...

Established Contributor

Bank of America Bal Transfer ..Snail Mail or Electronic...

 

 

I had a lot of my businesses' debt on my personal cards as my business was establishing and with that in mind, I did a balance transfer from one of my personal cards to my BofA business Visa.

 

On the page where I did the transfer it asked for the mailing addy of the bank, card number, etc.

 

Does anyone know if they send out the check snail mail or electronic ?

 

FYI...I see the amount pending on my BofA visa, btw...so I am assuming once it posts, the computer will either send out the check snail mail or electric payment

 

 

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Frequent Contributor

Re: Bank of America Bal Transfer ..Snail Mail or Electronic...


Andy77 wrote:

 

 

I had a lot of my businesses' debt on my personal cards as my business was establishing and with that in mind, I did a balance transfer from one of my personal cards to my BofA business Visa.

 

On the page where I did the transfer it asked for the mailing addy of the bank, card number, etc.

 

Does anyone know if they send out the check snail mail or electronic ?

 

FYI...I see the amount pending on my BofA visa, btw...so I am assuming once it posts, the computer will either send out the check snail mail or electric payment

 

 


YMMV. If they arent able to do it via online, they will send a check to your bank payable to your account. You would want to provide them with the address on your statement (or in some cases the HQ address which may or may not be on the statement). Depending on the bank and their choice of postal, it may take a couple of days. 

Instead of doing a balance transfer, if your business could cover it, you shouldve written a check payable to you for reinbursments. Probably would be best to talk to an accountant about it though, just so if you get audited you would not take a big hit because of the transfer. 

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Established Contributor

Re: Bank of America Bal Transfer ..Snail Mail or Electronic...

IMO I would not mix personal credit with business Credit ..Somehow, it sends a REDFLAG!!
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