Moving money to bank account via balance transfer. Is this possible?

edwincrag

Hi there, I have a Virgin credit card that I used for the 0% interest offer on money transfers a few years ago. This has now been paid off and the card no longer offers 0% on money transfers direct to a bank account. However, it does still offer 0% on balance transfers for quite a long period. I currently have an OD accruing a lot of interest each month that I would like to replace with a cheaper debt. I'm wondering if there is any way at all I can transfer money via balance transfer to my bank account using the above mentioned card - I'm aware that this cannot be done directly but perhaps there is a way I can indirectly do it by transferring the balance to somewhere from which I can then pay money into my bank?

Thanks for your help!

[Deleted User]

If it doesn't offer a money transfer, then no.   You can risk transferring a balance from an empty card to create a positive balance and spend from there, but you risk having your accounts closed.

jay1804

No balance transfer cards only for moving debt from one card to another ,the easiest way you could repay your overdraft would be to apply for an money transfer card and repay the overdraft, or apply for a  purchase card and use it for all purchases while you salary goes into your bank account repaying your overdraft.