Virgin money transfer

jamels2

Is there any cooling off period if you change your mind about a money transfer?

eskbanker

Check the Ts & Cs but even if not, can't you just use the money to pay off the debt?

jamels2

Can't find anything In the t and c's. They charge a fee with the transfer so if I paid back the transferred amount I would still have the fee on the card balance. Unless they refund it.

[Deleted User]

jamels2 wrote: »

Is there any cooling off period if you change your mind about a money transfer?

No. .

Dobbibill

I found this statement below on the Virgin website in their FAQs

You can with withdraw from your agreement within 14 days from the day after you receive your Virgin Money Credit Card.

You can do this by writing to us at:
Virgin Money Credit Cards
PO Box 10234
Wigston
LE18 9FA

You can also call us on 0800 011 3210. We are here 24 hours a day, 7 days a week.

Remember, you must repay any balance and interest within 30 days of the date you tell us you want to cancel your agreement. You will not have to pay any other charges and you can repay your balance in full at any time.

Give them a ring

YorkshireBoy

jamels2 wrote: »

Can't find anything In the t and c's.

Condition 17.1 puts a little more detail on what the FAQ above says. However, when they talk about only having to pay the balance, and not any other fees and/or charges, I suspect the MT fee already paid forms part of said balance.

If they won't refund the MT fee you may as well keep the money and bung it in a savings account (or, better, a high interest current account) for the duration of the introductory period and make a bit of interest!

andyfromotley

Ask them, they may well waive the fee as gesture of goodwill. Worth a try.