📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

0% balance transfer from other EU account

Options
Heeelp please,

I have a UK account to which a EU account is connected (same bank but two different branches) and they function as two separate accounts. Salary etc goes into my UK account. On my EU account I have an overdraft to which I pay interest.
Does anyone know if it would be possible to open a 0% balance account in ie Barclays and transfer my overseas overdraft to that?

Any help much appreciated!! Thanks :T

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    You would need to get a card that allows money transfers (aka super balance transfers). These allow you to transfer money in to your current account, which you can then use as you like. You may need to pay it to the sterling current account, and then do a transfer from there to your EU account.

    The fees are slightly higher than normal credit card transfers. MBNA cards are the main provider of money transfer cards.

    http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Malind wrote: »
    Heeelp please,

    I have a UK account to which a EU account is connected (same bank but two different branches)
    What's 'EU'? You can possibly have a € account in a UK bank/branch, but not a 'European Union' account.
    and they function as two separate accounts. Salary etc goes into my UK account. On my EU account I have an overdraft to which I pay interest.
    Does anyone know if it would be possible to open a 0% balance account in ie Barclays and transfer my overseas overdraft to that?
    I know 0% Balance Transfer credit cards, but I've never heard of a "0% balance account". Do you mean 0% overdraft?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.2K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.3K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.