Balance transfers

DJSINGH
DJSINGH Posts: 176 Forumite
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Hi all

Scenario is that OH can Halifax money transfer but Natwest Group not offering BT cards.

Theoretically, is the below possible:

1. OH money transfer from Halifax 
2. I balance transfer OH Halifax to my Barclays (that allow partner transfer)
3.I balance transfer from Barclays to Natwest
4. Repeat 1 and 2
5. I balance transfer from Barclays to RBS

Is something like that possible assuming all done with 1 week so within BT timeframe conditons.




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Comments

  • Brie
    Brie Posts: 9,972 Forumite
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    I don't understand.

    Do you meant that Natwest won't accept BTs from Halifax but will from Barclays?

    I can understand not allowing BTs between Natwest and RBS but not the others.
    "Never retract, never explain, never apologise; get things done and let them howl.”
  • Brie
    Brie Posts: 9,972 Forumite
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    You do realise that what you are proposing is 3 transfers for each amount which means 3 fees for each.
    "Never retract, never explain, never apologise; get things done and let them howl.”
  • DJSINGH
    DJSINGH Posts: 176 Forumite
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    Brie said:
    You do realise that what you are proposing is 3 transfers for each amount which means 3 fees for each.
    Fees are 0%. New customer offers.
  • DJSINGH
    DJSINGH Posts: 176 Forumite
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    Brie said:
    I don't understand.

    Do you meant that Natwest won't accept BTs from Halifax but will from Barclays?

    I can understand not allowing BTs between Natwest and RBS but not the others.
    Theres no issue with acceptance. Its that I can get BT 0% cards but my OH has a fee free MT transfer card :)

  • Brie
    Brie Posts: 9,972 Forumite
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    But why transfer to Barclays and then to Natwest?  Why not direct from your Halifax?

    I'm obviously missing something.
    "Never retract, never explain, never apologise; get things done and let them howl.”
  • DJSINGH
    DJSINGH Posts: 176 Forumite
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    Brie said:
    But why transfer to Barclays and then to Natwest?  Why not direct from your Halifax?

    I'm obviously missing something.
    Because Natwest dont accept debt from someone elses card. Barclays do. 
  • surreysaver
    surreysaver Posts: 4,096 Forumite
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    DJSINGH said:
    Brie said:
    But why transfer to Barclays and then to Natwest?  Why not direct from your Halifax?

    I'm obviously missing something.
    Because Natwest dont accept debt from someone elses card. Barclays do. 
    I did a balance transfer to NatWest a week ago 
    I consider myself to be a male feminist. Is that allowed?
  • DJSINGH
    DJSINGH Posts: 176 Forumite
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    DJSINGH said:
    Brie said:
    But why transfer to Barclays and then to Natwest?  Why not direct from your Halifax?

    I'm obviously missing something.
    Because Natwest dont accept debt from someone elses card. Barclays do. 
    I did a balance transfer to NatWest a week ago 
    From your partners card? And they didnt blink an eye? 
  • WillPS
    WillPS Posts: 3,451 Forumite
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    edited 17 March at 10:26AM
    So far as I know, when banks do 'balance transfers' they don't actually contact the card they're 'transferring' from at all, they just make a payment to them using your card number as the reference and their normal BACS payment sort code/account number.

    That being the case, how would they check the name on the account?
  • DJSINGH
    DJSINGH Posts: 176 Forumite
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    WillPS said:
    So far as I know, when banks do 'balance transfers' they don't actually contact the card they're 'transferring' from at all, they just make a payment to them using your card number as the reference and their normal BACS payment sort code/account number.

    That being the case, how would they check the name on the account?
    No idea but the T&Cs say it should be in your name. Youre right if they have no way of enforcing!
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