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

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

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.

3

 Check the budget and move money between the Credit Card Payment categories. 

4

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!