Balance transfers

DJSINGH

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.

Brie

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.

Brie

You do realise that what you are proposing is 3 transfers for each amount which means 3 fees for each.

DJSINGH

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

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

But why transfer to Barclays and then to Natwest?  Why not direct from your Halifax?

I'm obviously missing something.

DJSINGH

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

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 

DJSINGH

surreysaver said:

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

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

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!