I think you'll be hit with interest charges on the credit card immediately if you transfer money out of it. That's if you don't have a "positive" balance, i.e. using your own money on the credit card. How are you going to pay the school fees? An EFT from the credit card? That will also attract interest immediately, I think.Please help - is it a bad idea to transfer funds from CR card to cheque and also to perhaps pay school fees from credit card using the app?
I need to assist a family affected by the floods in EL and another pay for a childs school fees today but I didn't want to mess things up by moving funds from my savings pocket before FNB finalises the ebucks calculations...
You should be fine to move the funds out of the savings pocket. The eBucks allocation that happens today or tomorrow or whenever won't be affected by it. That calculation is already done. You can return the money into the savings pocket before the month end to ensure this month is also good.
