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Transfering Money from loan to Current AIB

the whole year inn · 2007-02-05 14:08:28

Have a loan since summer and paying it back ever since but I my friend told me that when he had a loan he could transfer money from his loan to his current account . I tired to transfer money from my loan to my current but it would not let me.Is it possible to transfer money from the loan to current , and if so what am I…

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05-02-2007 3:08pm

#1

the whole year inn

Registered Users Posts: 7,099 ✭✭✭

Join Date: October 2002

Posts: 6753

Have a loan since summer and paying it back ever since but I my friend told me that when he had a loan he could transfer money from his loan to his current account .

I tired to transfer money from my loan to my current but it would not let me.Is it possible to transfer money from the loan to current , and if so what am I doing wrong.

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#2 05-02-2007 3:18pm
kmick

Registered Users Posts: 3,375 ✭✭✭

Join Date: April 2004

Posts: 3256

If you have online banking it usaully allows you to transfer money from one account to another. However it only allows you to transfer from accounts that have a credit balance. So if you get a loan for EUR100 you can transfer 100 from loan to current. If you have already drawn down the loan you have a DR balance of 100 and cannot draw down any more.

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