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#3
03-18-2005, 06:53 PM
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 Re: Funding a bank account from loan In microsoft.public.money, goldenset[at]gmail.com wrote: - quote - > Thanks. Thought there was a way around just making it into a regular > deposit. There is a way, but it is harder: create an account with an initial balance to reflect the loan proceeds. Transfer the money from that account. |
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#2
03-18-2005, 06:48 PM
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| Re: Funding a bank account from loan Thanks. Thought there was a way around just making it into a regular deposit. |
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#1
03-17-2005, 10:03 PM
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| Re: Funding a bank account from loan Money does not provide an easy/direct/by design way to transfer proceeds into or out of a loan origination. There is a workaround identified in http://umpmfaq.info/faqdb.php?q=86. <goldenset[at]gmail.com> wrote in message news:1111097074.732553.130100[at]l41g2000cwc.googlegroups.com... - quote - > I opened a loan where a cashier's check was given to me that I > deposited in another account. > I setup the loan properly (done this before). But I can't find out how > I can transfer the amount from the loan to another account? Is that > even possible? > Else, I just entered it as a deposit in another account. > Thanks! |
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03-17-2005, 09:08 PM
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| Re: Funding a bank account from loan In microsoft.public.money, goldenset[at]gmail.com wrote: - quote - > I opened a loan where a cashier's check was given to me that I
Yes. Make it a deposit with no category. Put a Memo that it is from> deposited in another account. > I setup the loan properly (done this before). But I can't find out how > I can transfer the amount from the loan to another account? Is that > even possible? > Else, I just entered it as a deposit in another account. the loan. |
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#-1
03-17-2005, 09:04 PM
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| Funding a bank account from loan I opened a loan where a cashier's check was given to me that I deposited in another account. I setup the loan properly (done this before). But I can't find out how I can transfer the amount from the loan to another account? Is that even possible? Else, I just entered it as a deposit in another account. Thanks! |
| Tags |
| account, bank, funding, loan |
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