Transfer funds in/out of HELOC, how???

FinleyD21224

When I setup my HELOC quicken automatically categorized it as a loan. Once it finished there seems to be no way to transfer money out of the HELOC into a banking account (which is the main function of a HELOC to draw down funds as needed). What am I doing wrong?

Rocket J Squirrel

A HELOC is better represented in Quicken as a Credit Card account. If you set up an offline HELOC, what Quicken actually creates is a Credit Card account. Both credit cards and HELOCs are lines of credit and money can be transferred in and out.

You cannot convert your existing Loan account to a Credit Card, so you will have to create a new account and delete the old one.