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Which Banks Allow Credit Card Funding And Counted As Purchase Not Cash Advance?

Monday, March 18, 2013 - 9:36 AM
I know PNC allows using chase credit card for initial funding for new checking account.It is counted as purchase.

Which banks else?
pp65pp652 posts since
Jun 29, 2012
Rep Points: 10
1. Monday, March 18, 2013 - 6:30 PM
I am not sure but I do not think it is PNC that made the decision if the transaction was a purchase or a cash advance. It,  I belielve,  is the bank or credit union that sent the charge to PNC and how they coded the transaction is what determined it.  
Ally6770Ally6770944 posts since
Jan 16, 2010
Rep Points: 2,747
2. Monday, March 18, 2013 - 6:54 PM
Numerous banks; but this information is closely guarded.

Further, Citi always codes it as cash advance with fees.
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427