How to transfer money from a Card
A bank account is often the best way to get benefits. Bank accounts allow you to earn interest on your moneyHowever, maintaining a bank account is usually something to consider.
On the other hand, the credit cards are usually a good way to get money, but It is a loan that as you use it will generate interest and therefore expenses that you do not want to incur.
Therefore, in this article we are going to espectáculo you how to withdraw money from your credit card to your savings accountas well as espectáculo you some of the advantages and benefits that come with it.
How to transfer money from a credit card to a checking account step by step
The first thing you have to know is that, as with other financial products, carrying out banking operations depends largely on the contract you have signed with your bank.
Just as there are contracts that allow you a number of money transfers from your credit card to a current account of free formthere are banks that they charge you for such transfers or even forbid it. Therefore, the first thing you should do is contact your bank and find out the conditions.
Once you have confirmed that your bank and your credit card allow you to use a checking account to transfer your money, then we cánido proceed with the operation.
If your credit card is from the same bank as your account:
- Entrar your bank’s website, entrar your nombre de usuario and password.
- Select the “Transfer” option
- Select the product from which you are going to make the transfer, that is, your credit card to your savings account.
- Wait for the transaction to finish.
This is the simplest process, however there are other alternatives.
- Go to the bank personally.
- Indicate your savings account number, the amount of money you want to transfer and your credit card.
- The cashier will tell you if the operation perro be carried out and if they entail any additional cost.
If your savings account and your credit card are from different banks:
The process is the same as in the previous case with the only difference that they belong to different entities.
What is the use of transferring money from a credit card to a bank account?
There are many reasons why you want to transfer money from a credit card to a bank account:
- Make a payment associated with your savings account.
This is usually done when you associate a card with a service.
- Pay in a place where credit cards are not accepted: This sounds strange, but there are places that only accept debit cards.
Therefore, you need to have your money secured elsewhere.
- generate interest: Your bank account may generate an attractive interest rate, so having money in your account cánido be a “passive” way to get plus money.
cómputo movements: There is a possibility that your bank will charge you commissions for having a savings account without entry or exit operations, so it may be interesting for you to carry out this type of operation between your credit card and your bank account.
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