A balance transfer is when you have money in one bank and transfer that money to another bank. It is also when you have a balance on one credit card and transfer the balance to another credit card.
a "credit balance" is money that you have.
Balance transfer fees are charged on credit cards for sending money from one credit card to another. These fees have a big impact on how much you can save.
A balance transfer credit card is used to transfer your balance from one account (such as your personal account) to another account (such as a business account). This is the quick, hassle free way to move your money around.
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
how much money you have
When you do a balance transfer, you move the amount you owe from one credit card to another. By doing this, you can save money on interest since the following cards offer no or low interest for 6 to 12 months on balance transfers. http://clicky.me/balance-transfers
Credit. It goes towards your credit balance. It's money you owe.
One can check credit card lifetime balance transfer by visiting the Money website. This website has comprehensive information about everything to do with money. It lists the 'Top 10 Life of Balance Transfer Credit Cards'.
A credit adjustment reduces the patient's account balance. Which means money that the patient had paid and has been acredited to their balance.
When you have a balance on your credit card, you are paying interest. If you can find a credit card with a lower interest rate and a 0% balance transfer, you will be saving money.
Withdrawal of money in excess of credit balance
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.
It is a DEBIT balance. under no circumstances will this account be a credit balance because essentially you are setting aside money to cover A/R that will never be recieved.
If I'm a signer on my mom's bank account can a bank take her money to pay my past due credit card balance?
Yes You can. The Credit Card Company doesn't care where the money came from. Yes, you can in some instances transfer the balance. This can be a good thing to do when it gets you a reduced interest rate on the balance. But watch for additional fees that might apply. And using the 'checks' that are often sent to you will invoke cash advance fees, which use higher interest rates than credit balances do, along with another fee or two.
One can apply for a zero percent balance transfer credit card on websites like Money Supermarket, Balance Transfer Credit Cards, Moneyning or Wise Bread.
When business receives money in advance....
means u owe money
Assuming this refers to credit cards where the interest rate on balance transfers is 0%, one can find listings of appropriate cards on money-related websites such as Money Saving Expert. Some examples of such 0% balance transfer credit cards include the Barclaycard Platinum card and Tesco Clubcard credit card.
Usually it means that you have a credit balance and the credit card company owes you money. This occurs when you pay more than you owe or you receive a refund from a previous purchase.
a credit card that is secured by a deposit of your own money
Transfer your money to another credit card.
When you over pay a credit card, you have then a "credit balance." This means, in essense, the credit card company owes you money. You can either have them send you a check to pay off the difference, or the credit balance will be eliminated when/if you use your card again.
It's a credit - if a company buys something - then returns it, they get credited with the money they have spent.