MBNA Cheques?

n57602000

Hi i just got through i letter which is perfect timing as i need some money transferred to my current a/c to get some extra cash for nexr couple of months just need to know

The MBNA cheques that i got on my a/c they are included in my 0% till Feb 09 yeah? if i just write one out tomorrow and pay it into my current a/c this is will work the same as the balance transfer if i phoned up to ask them to do this for me correct? 3% transfer handling fee yeah?

I just want to make sure i can use this in the 0% promo before i do anything as i dont want to start paying 18% on the balance and will it take the same processing time as if i was paying in another cheque? 3 working days?

Many thanks in advance

n57602000

No takers to answer me questions lol

skyrider007

Yeah it will work. You can deposit the cheque into your bank account. This will incur a 3% fee as stated in the Terms & Conditions. And yes the interest should be 0%.

You may want to ring them just to re-confirm. There shouldn't be any issue unless they're tricking you.

n57602000

Ok, yeah i will give them a call tomorrow i have quickly read the small print and it says the same details as the balance transfers 3% charge etc...

ryandj

MBNA can be flexible on their fees for Balance transfers - give them a ring and try and haggle it down, especially if you are transferring a large amount. This is what I have done before.

They seem to send me a wadge of these cheques every couple of months, they go straight in the shredder.

YorkshireBoy

Nobody here can tell you what the specific T&C's of your offer are.

All you can do is to check the rate is 0%, check the fee applicable, and confirm the duration. It seems like you've done all this so barring a 'peace of mind' call to MBNA it sounds like you're all set to go.

However, I think if you check your online area you might find that the same deal is available on (S)BT's, which may be preferable?

Don't forget that MBNA offers always end on a statement date...NOT a payment due date.

One final thing...when I've had these offers before I've contacted MBNA retentions and managed to negotiate a waiving of the fee. Others have had their fee capped, as per their original T&C's, ie £35/50 or so. The number you need is 0800 783 1116.