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Generally, you cannot directly transfer money from a credit card to someone else's bank account. However, you can use services like PayPal or Venmo, which may allow you to send money from your credit card to another person's account, albeit with fees. It's also important to check the terms and conditions of your credit card provider, as cash advances for such transactions may incur high interest rates and fees. Always consider the costs and implications before proceeding.
What else can I help you with?
How long does it take to clear the bank if i deposit money into someones account how long does it take to clear the bank if i put money into someones account?
Most times, the deposit should be cleared into their bank account within 24 hours. The amount will vary depending upon the bank and when you make the deposit.
Is it possible to transfer money from my Venmo credit card to my bank account?
No, it is not possible to transfer money directly from your Venmo credit card to your bank account.
Can you go on line and transfer a money order to someones bank account?
yes
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
How long does it take to clear the bank if i deposit money into someones account how long does it take to clear the bank if i put money into someones account?
Most times, the deposit should be cleared into their bank account within 24 hours. The amount will vary depending upon the bank and when you make the deposit.
Is it possible to transfer money from my Venmo credit card to my bank account?
No, it is not possible to transfer money directly from your Venmo credit card to your bank account.
Can you go on line and transfer a money order to someones bank account?
yes
Deposited money in bank is cr or dr?
When you deposit money into a bank account, it is considered a credit transaction. This is because you are increasing the balance in your account, which is a credit to your account. From the bank's perspective, they are also increasing their liabilities by owing you that money, which is recorded as a credit on their books.
Why is the balance as per bank statement on the bank reconciliation statement a credit if its a favorable balance but in the bank account the credit means you owe the bank money?
The Debit and Credit on a bank statement reflect the Bank's accounting records, not yours. So when you deposit money into your account, the bank owes you that money to you - it is a liability for them, therefore a credit entry. Similarly, if they charge you a bank fee, it reduces their liability to you, so they would Debit your account (on their books) and Credit an Income account.
Can you transfer money to a credit card?
Yes, you can transfer money to a credit card by making a payment from your bank account to the credit card account.
Does amazon accept money from bank account?
Yes, Amazon accepts money from the bank account via the credit cards.
What does cash in the bank mean?
It means you bank account is in credit, you have money to spend.
Can I deposit money into my credit card account?
No, you cannot deposit money into a credit card account. Credit cards are used to borrow money from the card issuer, not to deposit funds like a bank account.
When you add money to your bank account is it debit or credit?
It's a credit. When you take money out - it's a debit.
What is direct credit?
direct credit is money transferred from 1 bank account to another.
Why do funds paid into your bank account appear as credit entries on your bank statement?
The funds are a credit to the bank that is issuing the statement. They "owe" you the money, therefore the credit.
