How to pay a credit card from a different bank?

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Paying a credit card from another Canadian bank is a breeze through online banking. Just add your card issuer as a payee, input your 16-digit card number, and the payment clears in 1-5 days. Prefer a personal touch? Use telephone banking or visit a branch. Consider automated payments for convenience but stay mindful of changing statement amounts. Reach out via phone, text, or live chat if you have any questions.

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Pay Credit Card From Different Bank Question

How to pay a credit card from a different bank? DEBT INSIDERS I have a credit card with one bank and a chequing account with another. I want to know how to pay my bill from the different bank account.

From: Anonymous Question
Location: London, Ontario (ON)
Category: debt management plan

Pay Credit Card From Different Bank Answer

To pay a credit card from another Canadian bank, just pop onto your chequing account’s online portal or mobile app. Head over to the “Bill Payments” section and pick “Add Payee”. Search for your credit card issuer, like ‘RBC VISA’ or ‘TD MASTERCARD’, and plug in your 16-digit card number as the account number. For some extra pizzazz, give it a nickname to easily spot it later. Once that payee’s in the system, choose it when making payments, pop in the amount, and hit confirm. Generally, payments clear within 1 to 5 business days.

Say tech isn’t your thing? You can handle it old-school style by paying via telephone banking or swinging by a bank branch. Use cash, cheque, or debit – the choice is yours. Double-check those details so your payment’s on target and steers clear of any late fees. If life’s a bit chaotic, setting up automated payments might save the day, but keep in mind, statement amounts can change. For any head-scratchers, hop on a call, text, or live chat. We’re here to help with debt management plans!

From: Insider Scott

Office of the Superintendent of Bankruptcy (OSB) Answer

To pay a credit card from a different bank, you can follow these steps:

1. Online Transfer: Log into your online banking account for your chequing account. Look for the option to make a payment or transfer. You will need the credit card number and the bank’s details. This is often classified as a bill payment.

2. Cheque Payment: Write a cheque using funds from your chequing account and make it payable to the credit card issuer. Include your credit card number on the back and mail it directly to the address provided on your credit card billing statement.

3. Wire Transfer: If immediate payment is required, you might consider a wire transfer from your chequing account directly to the credit card issuer, although this may involve additional fees.

4. In-Person Payment: Visit a branch of your bank, and request a transfer to your credit card issuer’s account. Make sure you have the necessary information, such as your credit card number and the issuer’s bank details. For guidance on managing your debt effectively, you can discover more about debt management plans.

Refer to regulations regarding payment methods under sections applicable to money transfers in the Canadian payment systems (sources referenced provide frameworks for financial transactions).

From: OSB Helper

Related Questions to How To Pay A Credit Card From A Different Bank

Here are the top 5 most frequently asked questions related to paying a credit card from a different bank, based on the provided sources and general online trends:

1. Can I pay a credit card online from a different bank?

Yes, you can pay a credit card online from a different bank by adding the credit card as a “Payee” in your chequing account’s online banking platform[3][5].

2. How do I add a credit card from another bank as a payee in my online banking?

You need to log into your online banking, go to the “Bill Payments” or “Add Payee” section, search for the credit card issuer, and enter the required information such as the credit card number[1][3].

3. Can I pay my credit card bill with another bank debit card?

No, you cannot use a debit card from a different bank to pay a credit card bill directly, but you can use the debit card to withdraw cash and then pay the credit card bill in person[3].

4. How long does it take for the payment to post to my credit card account when paying from a different bank?

It can take up to five business days for the payment to post to your credit card account, though some financial institutions may process it sooner[1][3].

5. Can I set up recurring payments for my credit card bill when paying from a different bank?

Yes, you can set up recurring payments, but it is advisable to review the amount each month to avoid overpaying or underpaying since credit card bills often vary[1][3].

If you have a question about debt see our debt questions or ask your own debt related question.

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