Money transfer of positive balance - MBNA

2nd_mortgage

I have been reading quite a few threads about how MBNA allows positive balances to be transferred to bank accounts.
I got a 0%, 0 fee balance transfer offer on a new CC.
So I paid off a balance on another CC whose 0% offer is ending in early April and as the credit limit on the new CC is higher, I arranged another transfer to my MBNA card so that it is now in positive balance. Do I now just call up MBNA & ask them to transfer the positive balance to my bank account ? & will they do it without levying any charges ?

Primrose82

I'm confused at what you are trying to achieve here ?
Positive balances occur where you have overpaid on an account- the fact that you have done a balance transfer means you have a negative balance on your card because you now owe Mbna the money instead of the other card
Or am I mis understanding something?

fifeken

Primrose82 wrote: »

I'm confused at what you are trying to achieve here ?
Positive balances occur where you have overpaid on an account- the fact that you have done a balance transfer means you have a negative balance on your card because you now owe Mbna the money instead of the other card
Or am I mis understanding something?

The card with the negative balance is a 0% card so the debt doesn't cost anything. The money transferred can be put in a high interest account.

2nd_mortgage

Update -
I called up MBNA & they just carried out the transfer of positive balance to my bank account without any hassle. It should show up in my account tomorrow.