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Balance transfer - how long does it take???

tattooed_lady
tattooed_lady Posts: 1,591 Forumite
Part of the Furniture 1,000 Posts Combo Breaker Photogenic
in Credit cards
Hi guys,

About 5 working days ago I balance transfered an amount from my barclaycard to my new Halifax one. It is already showing up on my Halifax account but not on Barclaycard. Does anyone have any experience of how long it will take? First time i've done BT, don't want anything to go wrong! :o

Thanks!
Mortgage-free wannabe!

Comments

  • DJ1UK
    DJ1UK Posts: 373 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    I haven't had experiance of this from Barclaycard, but MBNA do stress that it can take up to 14 days (i think). Also take into consideration any weekends and bank holidays.

    DJ
  • Martinslovechild
    Martinslovechild Posts: 1,560 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Halifax took over 2 weeks to transfer for me - it was certainly the longest duration of any card issuer that i've tried. Apparently, they put it down to money laundering rules...
    Mortgage Feb 2001 - £129,000
    Mortgage July 2007 - £0
    Original Mortgage Termination Date - Nov 2018
    Mortgage Interest saved - £63790.60
    ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)
  • super_mario_4
    super_mario_4 Posts: 54 Forumite
    can also depend what time in the day you do it. if you did it after 2pm with some banks. then the next day would be the first working day
  • tattooed_lady
    tattooed_lady Posts: 1,591 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Thanks a lot for all your replies guys, will hold on for a while and see what happens! :)
    Mortgage-free wannabe!
  • tattooed_lady
    tattooed_lady Posts: 1,591 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Photogenic
    Quick update guys!

    BT went thru today, should've just been a bit more patient eh? LOL! :T
    Mortgage-free wannabe!
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