Posting of a balance transfer question.

[Benzman]

Has been awhile since using a balance transfer offer. The ones I have available say that the transfer must post by May 31st to take advantage of the offer. Question is when they say "post", does that mean when they first receive my request or when the funds are actually received days later by the other account? For example, if I requested a BT on May 30, would I still be safe for the offer? TIA.

[M_Smart007]

If you want the funds to post by May 31st.

may want to get the ball rolling like now.

[AverageJoesCredit]

If you call up on the 30th and take advantage you should be fine . You should be ok doing it online as well as its my understanding so long as you take the offer by the 31st they will honor it. But like Smartie says, might as well do it early as possible just in case. 

[Anonymous]

In my experience a BT "posts" to my account the day the check is cut or the wire transmission is sent. That typically is (at minimum) a couple of days after I make the request. 

So hurry. 

[Benzman]

Thanks for the replies. I wonder if I would cash the BT check at the bank if that would be a better/faster posting option?

[Anonymous]

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@Benzman wrote:

Thanks for the replies. I wonder if I would cash the BT check at the bank if that would be a better/faster posting option?

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I don't see how that would make a difference. Again, based on my expereince, the BT posts when the check is cut (not cashed) or wire sent (not received/processed). 

It's only the 22nd -- you should be fine. Unless you bank at Molasses Bank  

[Benzman]

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@Anonymous wrote:

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I don't see how that would make a difference. Again, based on my expereince, the BT posts when the check is cut (not cashed) or wire sent (not received/processed). 

It's only the 22nd -- you should be fine. Unless you bank at Molasses Bank  

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True, but with the holiday weekend, Memorial Day closure, and Covid crisis, it makes me worry, lol.