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This gets a bit trickier. With many secured credit cards the answer is "No", if you want the money from the savings account back you need to let all of your charges on the secured credit card clear, close the card and than close the savings account and get your money back. Often you maintain the ability to withdraw some money and reduce your credit line, but do not count on that option from all secured cards. In no case would you be allowed to withdraw so much money that your savings account dropped below the minimum set by the bank to establish such an account.
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What is the difference in a debit car and credit card?
a debit card is used to withdraw money from your personal account while a credit card is money that you use from the banks account that does not belong to you and you to pay it back.
Can you use your credit card to withdraw cash?
Yes, People can withdraw money from credit cards. Nowadays credit cards are not only used for shopping,paying bills but you can even withdraw money. During an emergency you can swipe your credit card and get spot cash.No need to go for loans.
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
How long does it take to transfer money from a credit card to a bank account?
It depends. If you are going to withdraw cash from your credit card through an ATM and then manually deposit it to your bank account, it would happen immediately. But, if you raise a request with the bank to arrange for the funds transfer from the credit card to your bank account, they may take 3-5 working days to process your request.
What types of people use ATMs?
People who need to withdraw money from their bank account/credit card so that they may spend/purchase in situations where debit/credit cards would not be usable.
What is the difference in a debit car and credit card?
a debit card is used to withdraw money from your personal account while a credit card is money that you use from the banks account that does not belong to you and you to pay it back.
Do you need a credit or debit card on pay pal or can it just take money out of your account?
Paypal will directly withdraw from bank accounts.
Can you use your credit card to withdraw cash?
Yes, People can withdraw money from credit cards. Nowadays credit cards are not only used for shopping,paying bills but you can even withdraw money. During an emergency you can swipe your credit card and get spot cash.No need to go for loans.
Can a social security card be used to withdraw money?
No, you cannot use a social security card to withdraw money. A social security card may be useful if you want to open a bank account, though, and you can withdraw money from that.
When I transfer money with my credit card what do you see on my credit card account?
no
Is a credit card the same as a debt card?
the debit is your own money from your account and the credit account is borrowed
What does overdraft on your checking account mean?
== == Overdraft on your checking account happens when a withdraw or check written exceeds the funds in the account. Often banks will honor the withdraw or check but then charge the account owner on the borrowed funds. Many banks will offer overdraft protection which will pull money from a different account (often a savings account, line of credit, or credit card).
How long does it take to transfer money from a credit card to a bank account?
It depends. If you are going to withdraw cash from your credit card through an ATM and then manually deposit it to your bank account, it would happen immediately. But, if you raise a request with the bank to arrange for the funds transfer from the credit card to your bank account, they may take 3-5 working days to process your request.
What types of people use ATMs?
People who need to withdraw money from their bank account/credit card so that they may spend/purchase in situations where debit/credit cards would not be usable.
You know that a bank can take money from one's account if they owe on a credit card but can that bank withdraw funds from a different bank's checking or savings account to pay off said credit card?
If the accounts are held by the same customer - then yes ! The alternate account is an asset - and can be plundered to pay off your debt
How can i send somebody else money using a credit card?
You can send someone money with a credit card if they have a PayPal account.
What happens if you transfer money from your checking account to your credit card?
When you transfer money from your checking account to your credit card, you make a credit card payment. If you do not have a balance owed on your credit card, then you will have credit or a positive balance on your card.
