Balance Transfer card - does transfer have to happen when opening account?

Ant555

Please can I ask a very quick and hopefully simple question about balance transfer cards.

Im looking to transfer around £750 to a 0% balance transfer card and pay it off over around 6 months  - in general, do you need to do a transfer during the application process or can you transfer afterwards?

Ive done the eligibility checker on MSE and there are a few offered to me including 0% transfer fee and 0% interest from the likes of Virgin Money and Nat West (Assuming I have read this correctly)

Thanks

WillPS

Ant555 said:

Im looking to transfer around £750 to a 0% balance transfer card and pay it off over around 6 months  - in general, do you need to do a transfer during the application process or can you transfer afterwards?

You usually have a set period to complete the transfer following approval - typically 30-60 days but it will vary by lender and potentially by product. 

QrizB

With my last-but-one 0% balance transfer card, I transferred one balance as part of the application and a second one through the website (or app?) a week or so later.

vacheron

You often have the opportunity to do the balance transfers during the application process, but sometimes they don't always go through when you do it this way.

I applied to to balance transfer three different cards onto the HSBC during the application, and NONE of them worked. I waited 3-4 days to be certain and then did the exact same cards using the HSBC website instead and they all worked perfectly and were paid within 24 hours. 🤷‍♂️

Ant555

Thanks for the useful info .

Cheers