0
When offered a balance transfer credit card deal can you write the balance transfer check out to someone and they in turn cash it and put it into their bank account?
Wiki User
∙ 19y ago
If it does not state specifically what the check is for, yes. However, it will be considered a cash advance. That type of transaction generally come with service charges and a limited time interest rate. I would check the terms of contract carefully before using a cash advance offer. Nikki is correct. It would be considered a cash advance and that generally carries a MUCH higher percentage. Usually 19-22% Definitely look into it.
Wiki User
∙ 19y ago
Add your answer:
Earn +20 pts
What exactly are balance transfer offers?
A credit card balance transfer is when someone opens a new credit card account to pay off an old one. The debt plus the interest is then owed to the new credit card company, who most times provides a grace period where a smaller amount of interest is charged on the transferred balance.
Can you do a balance transfer from someone else's credit card?
Yes, balance transfers are commonly used to move balances from a high APR to a lower rate. But the transfer will impact the credit of the cardholder receiving the balance.
What is best wire transfer or bank transfer?
A wire transfer is where money is sent to someone else at another location,a transfer is when money is taken from one account you hold and put into another account you hold. It's a different process. A transfer is usually much quicker than a wire. I don't know how helpful this was, but there you go.
How can one learn more about the Capital One balance transfer service?
Someone can learn more about the Capital One balance transfer service by going to the Capital One website, and visiting the FAQ. On the FAQ one must go to the section "Transferring Balances" and read the questions and answers there.
What is the benefit of having a balance transfer credit card?
The benefit of having a balance transfer credit card is that they usually are issued with no fee and a very low to 0% interest rate for the first year. Someone would get this type of credit card to transfer other credit balances and thereby cutting down on the time it takes to pay off the high interest rate credit cards.
When might someone see 'credit card 0 balance transfer' on their statement?
'Credit Card 0 Balance Transfer' would appear on your credit card statement if your credit card is paid off in full. This means that you do not have to transfer any money from your bank account to pay off your credit card balance.
How long does it take to transfer money in your chase account to someone else chase account to show up in their account?
It will take a couple of minutes to transfer money in your Chase account to someone else's Chase account to show up in their account. This transfer is almost instant.
What exactly are balance transfer offers?
A credit card balance transfer is when someone opens a new credit card account to pay off an old one. The debt plus the interest is then owed to the new credit card company, who most times provides a grace period where a smaller amount of interest is charged on the transferred balance.
Can you do a balance transfer from someone else's credit card?
Yes, balance transfers are commonly used to move balances from a high APR to a lower rate. But the transfer will impact the credit of the cardholder receiving the balance.
Can you deposit a cheque in your name into someone elses account?
If you endorse it as payable to them it will usually be accepted for deposit into someone else's account.
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
If you have no credit balance with broker Can he trade in your account?
You should talk to someone about that and not ask someone who is 15.
How do you move your miniplanet items to another account?
You cant unless you have someone you trust to transfer it to that account Hope this was useful
If your name is on a checking account with someone else and she passes what happens to the balance on the checking account?
It depends on your relationship to the deceased and if there was a will.
How can someone transfer their IJJI account to Aeria without losing information?
First they must create an account for Aeria Games. Next, log in to Aeria and click the transfer button. When the transfer is complete log out and then log back in to see that it has succeeded.
Can child support put a lien on a joint account if not you are not married?
Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.Yes. That's why no one should open a joint account with someone who owes child support. At least half of the balance at the time of the lien can be frozen.
What is the difference between a current balance and an available balance on a checking account?
I am not a banking expert, but my understanding is that - say you have 100$ in your account and you pay in a cheque for another 100$, then your current balance will be 200$ but your available balance will be 100$ until the cheque clears (when the available balance will match the current balance). This protects the bank from someone paying in a cheque that may 'bounce' and withdrawing money that never gets put into the account.
