Bank question?? What is cash advance?


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This may sound like a stupid question but.. Today i went to the bank to make a car payment like i do every month. And usually they give me a couple receipts that state i made a payment. Today they gave me an extra receipt and it said cash advance.. I also got a couple other receipts stating i made my payment...


Answer (2):

 
SumDude

Sounds fine to me, an accountant.

The bank advanced (gave) you cash on behalf of the other bank bc you used the debit card OF THE OTHER BANK. If you have funds there, it should clear out overnight, but there still might be a transfer fee.

 
Charles Loftus

I would def. look into this.Always double check your transactions. There is no reason it should say ash advance if you used your own money(ie. you have enough cash in the other account).