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best way to transfer balance from chase cards to bank accounts?

pp65 16 September 23, 2011 at 12:50 PM More Chase Deals
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Chase credit card only allow BT to another credit card. I want to BT some cash to my bank account. What is the best way?

AMEX or Citi or BOA cards, which one is easier to request checks for negative balance?

thanks in advance.
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10 Comments

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#2
BOA pretty consistently sends out checks. They do charge a fee though.
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#3
chase will send you a check if you call them
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#4
Just call them up and ask them to deposit the money into your account. I just did this last month.
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#5
I have amex and citi, and they have recently offered me 0% APR on balance transfers for 12 months, so be sure to ask for that. You'll still have to pay the upfront 3% transaction fee, but at least you save some on interest afterwards.
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L2: Beginner
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Original Poster
#6
Quote from Boomancini View Post :
Just call them up and ask them to deposit the money into your account. I just did this last month.
you called chase and they transfer money to your bank account?
is it chase bank account or from another bank?

Thanks

Quote from PiratesSayARRR View Post :
BOA pretty consistently sends out checks. They do charge a fee though.
refund for a negative balance, BoA wil charge a fee? what kind of fee is it? Thanks
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#7
Quote from pp65 View Post :
you called chase and they transfer money to your bank account?
is it chase bank account or from another bank?

Thanks



refund for a negative balance, BoA wil charge a fee? what kind of fee is it? Thanks
They will charge a fee for using their checks (their balance transfer checks) I don't know what the fee is because I never even bother with them but it is probably 3% up to $75 or something like that.
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#8
Quote from pp65 View Post :
you called chase and they transfer money to your bank account?
is it chase bank account or from another bank?

Thanks


They could only transfer $5000 at one time. It was to my Wells Fargo account and it was under an offer for a balance transfer with a 1% fee.
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L2: Beginner
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Original Poster
#9
I have a BoA card, with 4.99% APR and 0 BT fee. It allows direct deposit.

Can I do BT first on the BoA card to a bank account, and then do BT from chase card to this BoA card? I may need to pay several days 4.99% APR though.

How many days it will take for the balance transfer from chase to BoA card?
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#10
Quote from pp65 View Post :
I have a BoA card, with 4.99% APR and 0 BT fee. It allows direct deposit.

Can I do BT first on the BoA card to a bank account, and then do BT from chase card to this BoA card? I may need to pay several days 4.99% APR though.

How many days it will take for the balance transfer from chase to BoA card?
I would wonder why you are trying to do this? I'm going to guess that the balance on the Chase card is much higher than the BoA card?

I am trying to sort out your last post. So you want to move money off the BoA card (cash advance) to your bank account. Then do a balance transfer from Chase to your BoA card? I'm guessing so that you can get the 4.99% APR? Yes you can do this as long as your available balance is high enough. I'm going to guess that the money you transfer from your BoA card to your checking account will leave enough of an available limit for the Chase balance transfer.

As far as moving the balance from Chase to BoA it will usually happen very quickly, maybe 1 to 3 business days on average.

Please keep in mind that when you move money from your BoA card to your bank account (cash advance) you will NOT get the 4.99% APR on that transfer. It is typically much higher (could be as high as 30% APR).

I hope I'm understanding why you are trying to do this. It seems like you are trying to access cash for a low interest rate? The example you used will not work for this purpose. The way you would want to do it is:

1. Balance transfer (cash advance) from your Chase card to your bank account.
2. Transfer Chase balance to your new BoA card at 4.99%.

This is assuming you have the available credit line at Chase to accomplish your goal.


Hope this helps.
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#11
most balance transfer fees have gone from 3% to 4 or even 5% now with the new laws.
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