Overdraft transfer to 0% CC

MartialArtMan

I have a £5500 overdraft with Barclays which is costing me a fortune in fees. I just applied for, and was accepted by Halifax 0% transfer for 32 months at £6000 which is great but it doesn't appear that I can transfer my overdraft over to the card. It looks like it is only for Credit Card transfers.

How can I get my overdraft over to the 0% interest card!?

MartialArtMan

Just found this from this page: http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

Don't withdraw the cash, ask them to do a money transfer to your current account

If you take the money out as cash, you'll be charged interest on it (even if you pay it off in full at the end of the month) and the cash withdrawal will be recorded on your credit report. To get the money transfer, you just need to ask the card provider to...

"Do a money transfer to my current account."

This way you'll get the transfer deal, the debt will end up at the cheap rate on the card, and the cash will end up in your bank. For double surety, you can even explain exactly what you think will happen, and get them to confirm.

redux

Not all cards offer a money transfer option. I don't know about that one.

MartialArtMan

0% p.a. on balance transfers you make in first 90 days fixed for 32 months from account opening, on the transferred amount and the promotional fee.
Money transfers: Not available

Doesn't look like they are: http://www.halifax.co.uk/creditcards/landing/cards/32-12-2/all/?so=OMG_HLX3212_07ND_1&WT.mc_id=OMG_HLX3212_07ND_1&WT.tsrc=OMG&aID=4863&source=47047B1C30614A0

[Deleted User]

You got the wrong card.

Unless you have another card you could withdraw cash on and then immediately BT. But that will leave you with cash fees AND the BT fee.

I'd go back to the drawing board and get a card that offers money transfers, if you're still able to.