Overpaid Balance Transfer

lipstick88

Hi,

I could do with some advice regarding a balance transfer.

I transferred my debt from a Bank of Scotland credit card to a Barclay credit card. But I transferred my full credit limit instead of only transferring the debt. So I transferred £1000 more than I used. My Bank of Scotland Credit Card now says my balance available is £1000 more than the limit!! What do I do to sort this?
Any advice is much appreciated!!:)

platterfish

Call BOS and ask them to issue a credit, then pay off Barclays.

grumbler

You can ask BoS to send you a cheque or to transfer the excess to your bank account. They may insist in transferring the money back to Barclays, but you are unlikely to get the corresponding part of the BT fee back from Barclays.

In the worst case scenario be prepared to just spending this money.

YorkshireBoy

They may transfer the funds to your current account (either by FP or by cheque), especially if you ask them to close the account.

However, they may also transfer the £1K back to Barclaycard...as they reserve such a right in the T&Cs...

http://www.bankofscotland.co.uk/creditcards/bank-of-scotland-credit-card/terms/ (see condition 15.9)

lipstick88

Thank you very much for your replies! I will phone BOS as soon as to see if I can get it back or transfer it over!! Thanks again