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Just looking for opinions and or preferences.
When doing BTs do you prefer to just enter your creditors info or have the money direct deposited to you and then pay your creditor? Just curious if it makes a difference with the creditor as well seeing payment coming from another institution.
Thanks
@Jnbmom wrote:Just looking for opinions and or preferences.
When doing BTs do you prefer to just enter your creditors info or have the money direct deposited to you and then pay your creditor? Just curious if it makes a difference with the creditor as well seeing payment coming from another institution.
Thanks
To the bank you're paying off (i.e. transferring the balance from) it makes no difference; they see it as a 'payment' either way.
That said, if given the choice I prefer to receive the funds via direct deposit and pay off the other card myself, since that way I can 'hand hold' things all the way through.
A few times I have just provided the account number to the bank I'm transferring the balance to - and it was fine - however I was a bit in the dark until everything cleared, and it took longer than it would have had I just made the payment myself.
Thank you @UncleB
Yes I am kinda like that too lol. I did you put the account number in and amount but was tempted to do the direct deposit to me.
Maybe next time I will
Thank you.
My BT is through Citibank 0% through 18 months, there is a BT fee but the accounts I tranferred were very small. I am keeping my util% with Citibank below 30%. I didn't really need the BT per say but wanted to give Citi some business and hopefully I can increase my CL down the road.
Oh goodness I hope not
Thanks