How Long does a Balance Transfer take??

harding1985

I done a Balance Transfer from a Virgin Credit card to a Nationwide one on the 30th May. My Nationwide online banking shows the money I owe now on this credit card, but Virgin Credit card still shows the total amount and hasnt deducted the balance i've transfered

Any ideas? Does it take a certain amount of time to be remove from the virgin credit card?

Cheers
Lee

NickX

Well 30th May was Friday.

How long do they say it takes for the funds to transfer ?

IME the minimum is 3 working days, which would be tomorrow, so I think it is early days to be getting too concerned.

If its not showing by the end of the week, I would definitely call them to check all is ok.

harding1985

cool thanks nick

jonathon_hart

Hi.

They have to move the money between Nationwide and Virgin. This can take a few days (its a bank transfer which are often 3-5 days). This is only the 2nd business day since the 30th. If it is not there in a week then I would start phoning them up.

Jonathon