If you'd like to consolidate credit card balances or other types of loans, a balance transfer may be the solution you're looking for. Transferring multiple balances to a single credit card can simplify your monthly payments and potentially save you money on interest. This guide offers answers to the most common balance transfer questions.
If permitted under the terms and conditions of your offer, you may be able to transfer money from a credit card into your bank account using a balance transfer check. If your credit card company sends you balance transfer checks, you can write one out to yourself and deposit the borrowed funds into your checking or savings account.