There are other questions you have to answer such as is this your first semester in college (how many classes are you taking now, etc.) I don't know about the transferring aspect, but probably the rules of your current school are a good indicator of what rule your new school will follow.
At my school issues like yours don't effect you until the following school year. Your financial aid probably won't be effected by your not passing classes this semester unless you don't do well next semester at your new school. If this is your first semester ever not passing classes you may just be put on probation which means you will have to attend some seminars and fill extra paperwork, in addition to possibly receiving your financial aid later.