Transferring overdraft balances?

Becky77

Hi all!

Hope you can help! I have a large overdraft facility which is costing me a fortune at the moment. I'm not in a position to pay it back, and as it's reviewed annually, I know the lovely bank are going to want it back in time for XMAS!!
I know you can transfer store cards and over CC balances to a 0% deal - but can you transfer overdraft balances?

Any help would be greatly appreciated!

Thanks

Becky

Treacle_Tart

You definitely can transfer to pay off your overdraft on some cc's, not sure if all of them allow it.
I used my Virgin CC to pay off my overdraft and it is 0% for 8 months so only had to pay the transfer fee, which worked out about £40 (I transferred £1600).
Prob best to find a card which offers o% on balance transfers for the longest time, then ring and check with them whether you can use it to pay off you o/d before you apply for it.

Hope that helps.

LandyAndy

Treacle_Tart wrote: »

You definitely can transfer to pay off your overdraft on some cc's, not sure if all of them allow it.
I used my Virgin CC to pay off my overdraft and it is 0% for 8 months so only had to pay the transfer fee, which worked out about £40 (I transferred £1600).
Prob best to find a card which offers o% on balance transfers for the longest time, then ring and check with them whether you can use it to pay off you o/d before you apply for it.

Hope that helps.

Far more sensible than asking the opinion of people on here.;)

CLAPTON

The MBNA stable of cards (which include Virgin) and EGG MONEY allow you to BT to a current account.