This past Monday I did a balance transfer for the very first time from my Discover card recieved a mailing promo with convenience checks 0% apr for 12 months with a temporary cli of $3,000.00 for doing balance transfer for 12 months with 2% balance transfer fee, I deposited one of the checks in my checking account Monday evening, next morning amount was available in checking, blance transfer was for $3,000.00 balance transfer fee showing on line $60.00. I am already paying off other creditors and just like above poster this is much a quicker process. Now just waiting on cli to post per discover within 7 days. I say Discover wasy to go
Starting Score: EQ 546 TU 566
@NewYorkGuy wrote:I just did two seperate balance transfer transactions online. I requesed a balance transfer from my Discover card to my Chase checking account and I made another transfer request from my FNBO Discover card to my Chase checking account. I made the requests for relatively small amounts. I am basically doing this as an experiment to see if the funds will actually transfer into my cheking account with no issue.
FYI, I plugged in my checking account number (the full number as shown on my checking account statement) into the box that asks for creditor account #. I put my bank's deposit mailing address as the creditor address. The computer took the transfer without any issue and I received the confirmation and usual message that it can take up to two weeks to be processed. I will wait and see if the funds get deposited into my account and if it is treated as a balance transfer at the promotional rate or a cash advance.
I've done balance transfers into my cheking account a number of times but usually by writing BT checks to myself and then physically deposting it into my account. I've also done it online using the Citi direct-deposit to checking option. However this is my first time requesting a BT online on a card that doesn't offer direct-deposit to checking balance transfers. I am essentially using my checking account number as the credit card number to pay off in this case. I am eager to see if it will go through as a balance transfer or get treated as a cash advance. If the latter is the case, I'll just pay back the card immediately to avoid the interest. I'll keep you posted...
I am pleased to announce that the experiment was successful! 
I did the balance transfer transactions online using my checking account number and the balance transfer funds arrived in my checking account in 3 days. I can confirm that the transactions posted on both credit cards as balance transfers and not cash advances.
I've always wondered if this was possible and apparently it is. I checked my bank accout acitiviy online and they even posted an image of the balance transfer check that was sent to them. Most important of all the transactions were treated as balance transfers by both creditors. This could be a convenient way for me to directly access my promotional apr balance transfer funds in the future when I need it.
+1
I'd be interested to know that as well. I was considering BTing a couple things for my wife but if this an option, I would like to know more first.
@enharu wrote:i am confused (sorry, noob here).
so if i am to do this as well, all i need is my checking account number, no need for the routing number?
do they mail you the check and you deposit it at the branch yourself?
The transaction is done online as a regular balance transfer. The balance transfer check is mailed by the credit card company directly to your bank where you have the checking account just as they would mail it to another credit card company to pay off another credit card. You need your complete checking account number as it appears on your checking account statement. Put your bank's deposit mailing address (search for it online if you don't know it) as the creditor address on the balance transfer form online. It will be treated as a regular balance transfer and the balance transfer check will be sent to your bank's deposit address where it will then be credited to your checking account. Both transactions took only 3 days in my case and it went through with no issues. 