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egg money

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hi i currently have a postive balance of around 9k do i ring up egg and they will transfer it in to my current account and is it done in 4 working days ? and i am waitning to see what the credit limit will be on the new abbey zero cards one in my name and one in my mums thiers no limit on how mutch money they will trasnfer of the total balance is thier in one go ?

kind regards
james

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    No need to talk to Egg. You can do the transfer yourself from your secure area...

    Egg Money admin=>transfer a balance=>current account/overdraft.

    My transfers generally take 3 days, ie action Mon, arrive Wed. Don't do a transfer today, because you'll lose interest whilst your money is in the BACS ether over the weekend (only £2, but it all counts!).


    Not sure what you mean by your second question, so I'll try and cover both options...

    BT values above £10K from an overdraft to Egg Money might be delayed whilst their 'card transactions' department make additional enquiries (which could involve them ringing you up).

    Not sure what the max BT to Abbey is. Since they plagiarised many of the MBNA T&C's when they brought their cards back in house, it could be 95% of your credit limit?
  • System
    System Posts: 178,352 Community Admin
    10,000 Posts Photogenic Name Dropper
    cheers even though when i do this

    Egg Money admin=>transfer a balance=>current account/overdraft

    it only shows my 3k egg card limit so i just type in say 9k of the postive balance and thiers deffently no charges or fees. i ment by the other question say my postive balance was say 20k woulnt of thought they would like transferin the lot to my current account

    cheers
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • midnite
    midnite Posts: 249 Forumite
    If you have a positive balance in your egg money account then you can tranfer any amount you like as its your money.

    What Yorkshire boy is saying is that if you transfer more than £9999 out of your account it will take longer for the money to arrive in your current account as additional security measures are made by egg.

    Also as the transfer takes 3 days then instigate it on a Monday or Tuesday so you dont hit a weekend.

    In terms of the abbey card, I have one and was allowed to transfer 100% of my balance. However they offered me a BT with %0 fee, this was not the 0% card. It was the normal card and as long as I BT'd more than £1000 then there was no fee. Best bet is to ring CS and ask how much you can transfer. Do this after you have your CL and then make sure you won't go over your CL and incur any fees.

    I'e transfered money from egg money to egg savings and can't recall what you have referred to. Have you by any chance any debt on the card which has therefore reduced your positive balance?
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