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Balance transfers
DJSINGH
Posts: 182 Forumite
in Credit cards
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.
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.
0
Comments
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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.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung0 -
You do realise that what you are proposing is 3 transfers for each amount which means 3 fees for each.
I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung0 -
Theres no issue with acceptance. Its that I can get BT 0% cards but my OH has a fee free MT transfer cardBrie 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.
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But why transfer to Barclays and then to Natwest? Why not direct from your Halifax?
I'm obviously missing something.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe and Old Style Money Saving boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung1 -
I did a balance transfer to NatWest a week agoDJSINGH said:
Because Natwest dont accept debt from someone elses card. Barclays do.Brie said:But why transfer to Barclays and then to Natwest? Why not direct from your Halifax?
I'm obviously missing something.I consider myself to be a male feminist. Is that allowed?1 -
From your partners card? And they didnt blink an eye?surreysaver said:0 -
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?
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No idea but the T&Cs say it should be in your name. Youre right if they have no way of enforcing!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?0
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