Money Transfers

swayze

My brother is off to Uni in the summer and i'm looking to support him by transferring money across every so often.

Are there any credit card companies out there where I can transfer money to his bank account even though he isn't an authorised user on my credit card?

swayze

*bump*

Anyone?

YorkshireBoy

Your question is a little unclear.

Are you saying you want to make a 'cash withdrawal' on your credit card to send money to his bank account? If so, the only card I'm aware of that allows you to withdraw cash fee-free is the Egg Money card.

Although it's fee-free, you will be charged interest if your transfer creates a negative balance.

swayze

YorkshireBoy wrote: »

Your question is a little unclear.

Are you saying you want to make a 'cash withdrawal' on your credit card to send money to his bank account? If so, the only card I'm aware of that allows you to withdraw cash fee-free is the Egg Money card.

Although it's fee-free, you will be charged interest if your transfer creates a negative balance.

Apologies for the lack of clarity.

Basically I want do money transfers for my brother when he is at univeristy. Although I don't want him on my actual credit card account. So i'm wondering as my brother is a '3rd party' if this is possible with any card?

YorkshireBoy

swayze wrote: »

Basically I want do money transfers for my brother when he is at univeristy. Although I don't want him on my actual credit card account. So i'm wondering as my brother is a '3rd party' if this is possible with any card?

Sorry swayze, it's no more clear to me now (might explain the lack of replies?).

Why not simply BACS transfer him some money from your current account?...unless you don't have any money spare and you're proposing borrowing some to give him?