Bill payment and HELOC interest question
Hi all,
Long story but I needed a bank draft for $17K, so I used Bill Payment to transfer $ from Tangerine to my Scotialine (HELOC) so that I can go to Scotiabank in person to order the bank draft and hopefully avoid any interest (I have no balance on my HELOC, so it will show a $17K credit once the transfer go through).
My question is, how long does it take for the fund to show up on the Scotialine Visa? I should also say, I looked online but it is unclear because it is a bill payment, not a EFT. It is technically a VISA but on a secured line of credit.
Long story but I needed a bank draft for $17K, so I used Bill Payment to transfer $ from Tangerine to my Scotialine (HELOC) so that I can go to Scotiabank in person to order the bank draft and hopefully avoid any interest (I have no balance on my HELOC, so it will show a $17K credit once the transfer go through).
My question is, how long does it take for the fund to show up on the Scotialine Visa? I should also say, I looked online but it is unclear because it is a bill payment, not a EFT. It is technically a VISA but on a secured line of credit.