A client should take the following steps to make a transfer from his account in Capital One Bank:
- sign in to the Capital One Mobile application
- choose the needed account
- tap "Transfer"
- select banking accounts in “To” and “From”
- point to the date of the transfer
- fill in the sum
- press "Transfer"
Learn how to move money from a Capital One credit card into your bank account safely and efficiently, with full awareness of the costs involved.
Using a Cash Advance
The most direct way to turn your credit card into bank funds is by taking a cash advance. You can do this at an ATM using your credit card and PIN, at a bank teller with valid ID, or via a convenience check. Be aware that this method typically starts accruing interest immediately and includes upfront fees, often calculated as a percentage of the amount or a flat rate. Rates vary, but fees are commonly around 5% or a minimum amount per transaction. Interest rates on cash advances are significantly higher than standard purchases.:contentReference[oaicite:0]{index=0}
Peer-to-Peer Apps & Other Transfers
Some peer-to-peer apps or digital services may let you use your credit card to send money, though these are usually treated as cash advances and carry the same fees and high interest. These options include services like PayPal, Venmo, or payment apps—but they are generally more expensive than transferring money from a checking account.:contentReference[oaicite:1]{index=1}
Alternatives You Can Consider
- If you have linked bank accounts, you could transfer funds from your checking or savings account using Capital One’s standard transfer process—this is faster, free, and avoids credit fees.:contentReference[oaicite:2]{index=2}
- Wire transfers are also an option, though typically not allowed from credit cards. They apply only to linked external accounts using funds available in checking/savings accounts.:contentReference[oaicite:3]{index=3}
Bottom Line
While it may be technically possible to turn credit card balances into cash deposited in your bank account, doing so usually involves cash advances—methods that incur high fees and interest. The safer, cheaper route is to use available funds in a checking or savings account and rely on Capital One’s digital transfer tools instead.