Balance Transfers on Mobile
In the mobile app, when you make a transfer from one credit card to another, that's what we call a Balance Transfer. You might be paying off multiple cards to consolidate to one, or playing the zero-interest game. Whatever the reason, there are a couple of steps to handle this in YNAB.
These steps will assure your accounts and budget are accurate after the balance transfer.
Making a Balance Transfer
- 1
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If the new credit card isn't in YNAB yet, add it as a new account. If you're transferring the balance to an existing credit card in YNAB, skip this.
- 2
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Transfer money between accounts–this will be an inflow in the old account and an outflow in the new account which is taking on the new balance.
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- 3
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Check the budget and move money between the Credit Card Payment categories.
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- 4
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Close the old account (don't delete it!) and hide the old Credit Card Payment category.
That's it! You've successfully transferred the balance between credit cards. Go you!