4 August 2009
What does transfering money to your credit card account do?
Posted by admin under: Credit .
Obviously you pay off a credit card bill with a check or using bill pay through your bank. I have a credit card account through Wells Fargo, and I notice that when I choose to transfer money from my checking account to one of my other Wells Fargo accounts, I can transfer it to my savings as well as my credit card account. What happens when I transfer money to my credit card account? I did not know you can do such a thing. Is that for stashing cash away so I have money come bill paying time?
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3 Comments so far...
minime Says:
5 August 2009 at 11:03 am.
It just pays your balance. It is for convience.
lisa s Says:
5 August 2009 at 11:34 pm.
yes, it is just like making a payment!
M P Says:
9 August 2009 at 12:06 am.
no it will actually count as a payment
I do it all the time with my Citibank and Chase accounts