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transferring balance to pay overdraft?
babyt_2
Posts: 49 Forumite
in Credit cards
i am aware that my virgin card will allow me to transfer a balance to pay off my overdraft on my current account but how does it work? I mean if i have say a 200pound overdraft and i request a balance transfer for 800 would this be allowed and would it just leave me with 600pound to use and my overdraft payed off? is this not just a way to put money into your account with no charges (my current b.t rate is 0%).
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yes that's just how it works although you will presumably pay a BT feeEU tariff on agricultual product 12.2%
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