Why is my balance transfer still pending?

Asked by: Davion Schmeler III  |  Last update: February 1, 2025
Score: 4.8/5 (44 votes)

Be aware that some credit cards may show a balance transfer as “pending” before the process is complete. In that case, your balance transfer is in progress but it's not yet finalized.

Why is my balance transfer taking so long?

In some cases, the size of your credit card balance transfer can impact how quickly the transfer will be processed. If you're transferring a large balance, it may take slightly longer for the new credit card company to process the transaction.

How long is the waiting time for balance transfer?

If you apply for a new balance transfer credit card, you usually need to wait until your account is up and running to make the transfer. This could take five to ten working days.

How long does capital one balance transfer take?

Balance transfers will be processed immediately once they're approved, but it can take about 10 business days to process with the other issuer, according to Capital One. The balance on your original credit card will continue to accrue interest until the requested balance transfer is processed.

Can I do a balance transfer immediately?

Can I do a balance transfer immediately? You can contact the issuer of your new card to start the balance transfer process once you're approved. But depending on the issuer, they may have waiting periods and the balance transfer itself can take a few days or even a few weeks to complete.

How long do Pending transactions take to clear?

26 related questions found

Do balance transfers hurt your credit?

In some cases, a balance transfer can positively impact your credit scores and help you pay less interest on your debts in the long run. However, repeatedly opening new credit cards and transferring balances to them can damage your credit scores in the long run.

Why is my Chase balance transfer taking so long?

A Chase balance transfer takes 5-7 business days for electronic/wire requests, and 14- 21 business days for mail/check transfers. It usually depends on how long the original creditor takes to process the transferred amount.

How long does it take for Capital One to process a transfer?

Transfers from your Capital One bank account to your external bank accounts. Electronic transfers from your Capital One bank account to your external bank accounts, may take one to three business days.

How to track a balance transfer?

A balance transfer typically takes between two days and six weeks to complete but depends on the credit card issuer and their process. To check the status of your balance transfer, you may be able to log into your account and look to see if your balance has increased by your transfer amount.

What happens to an old credit card after a balance transfer?

In fact, when transferring a balance, it's sensible to keep your old account open and continue making payments as required until the provider completes the transfer. After that, if you want to close your account, you need to contact the card provider to do so.

What if my balance transfer did not go through?

If your balance transfer is not completed within 21 days, contact your credit card issuer's customer service department to learn what might be holding it up.

How long does it take for a balance transfer to go through?

Balance Transfer amount will be transferred via NEFT, directly to cardholder's other bank credit card account, within 2-3 working days.

How long does it take for current balance to transfer to available balance?

Depending on the type of transaction, it could take anywhere from a few seconds to several business days for a purchase or a deposit to be processed, also known as “settling” or “clearing.” But while the transaction is being processed, the debit or credit won't impact your current balance; it will only impact your ...

Why is a bank transfer pending for so long?

When you make a transfer, it can take extra time to be sent to your recipient in some situations. This is known as a pending transfer, and it may occur for several reasons: Being sent on a weekend or bank holiday when there's no processing. Additional processing checks.

Can a balance transfer be denied?

You may be approved for a card but denied a balance transfer if your credit limit is too low, you waited too long to request a balance transfer after opening your account or you're trying to transfer a balance from one card to another with the same issuer.

Why is my transfer taking so long?

Why is my bank transfer taking so long? Delays in bank transfers can be caused by factors such as the amount being transferred, bank security checks, or the bank's operational hours when transferring money internationally or during weekends and public holidays.

How long does a balance transfer take to show on account?

How long transfers take. It normally takes 1 to 2 working days to move your balance across (in some circumstances it can take longer). The transfer may not show up in your next statement depending on when you applied.

What is the catch to a balance transfer?

Balance transfers can have downsides, starting with the fees you might pay to complete. Those fees get added to your balance, increasing the amount you have to repay. A balance transfer may not save you money on interest if you're not able to pay the balance off before the end of your promotional period.

Can I track a transfer?

Contact the Sending Bank: Provide the transaction reference number or other details to your bank; they have customer service lines for tracking. Track Using the Bank's Website: Enter the reference number in the tracking section of the website.

How long does it take for Capital One to process a pending transaction?

A check deposit will generally post within two business days. An EFT processed through the ACH network may settle within the same day or could be settled in a business day or two. A pending credit card purchase may take up to three days for the merchant to receive the funds and process the purchase amount.

How long does a Capital One balance transfer take?

How long does a balance transfer take? It typically takes 3–14 days to complete a balance transfer to a Capital One card. That said, you may need to keep making payments on your existing balances until the transfer is complete.

Does balance transfer affect credit score?

A balance transfer can affect your credit score, depending on 1) if you open a new card to transfer a balance and 2) what you do once your balances have been transferred. If you simply move your balances around on your existing cards, your credit score likely won't be impacted.

How long does a pending balance transfer take?

A credit card balance transfer can take at least several days and may take several weeks. The exact timeline will depend on the credit card issuer and the circumstances. In general, don't wait until the last minute to request a balance transfer.

Why is my Chase transfer pending?

Essentially, pending transactions mean the money has been committed to a specific purchase, but it's still moving between accounts.

What time does Chase process transfers?

Chase.com/mobile, received before 11 PM ET (8 PM PT): transfers from another Chase account, Zelle® 1 , or Chase QuickDeposit ℠ 2. Non-Chase accounts: Processing times may be longer and transfers from non-Chase accounts may not settle prior to our 11 PM ET (8 PM PT) cutoff.