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  • FIRST POST
    • adouas
    • By adouas 14th Nov 17, 8:10 PM
    • 2Posts
    • 1Thanks
    adouas
    Lloyds to MBNA Balance Transfer
    • #1
    • 14th Nov 17, 8:10 PM
    Lloyds to MBNA Balance Transfer 14th Nov 17 at 8:10 PM
    Hi, just applied for that new MBNA 38 month balance transfer card. I just realised (thought it was owned by BOA) that MBNA is owned by Lloyds.

    The reason I got this card is to transfer a balance from a Lloyds Bank credit card to the MBNA one as the interest-free period is expiring. This wouldn't be a problem right?

    Thanks for the help!
Page 1
    • jonesMUFCforever
    • By jonesMUFCforever 14th Nov 17, 8:19 PM
    • 24,671 Posts
    • 11,895 Thanks
    jonesMUFCforever
    • #2
    • 14th Nov 17, 8:19 PM
    • #2
    • 14th Nov 17, 8:19 PM
    Probably you will be ok I don't know how much things have merged back office wise yet - if you don't ask you don't get.
    What goes around - comes around
    give lots and you will always receive lots
    • adouas
    • By adouas 14th Nov 17, 8:31 PM
    • 2 Posts
    • 1 Thanks
    adouas
    • #3
    • 14th Nov 17, 8:31 PM
    • #3
    • 14th Nov 17, 8:31 PM
    they say 'no transfer from lloyds bank cards' on lloyds website and on MBNA website they say 'no transfers from MBNA cards' so should be ok!
    • Edi81
    • By Edi81 14th Nov 17, 8:44 PM
    • 428 Posts
    • 289 Thanks
    Edi81
    • #4
    • 14th Nov 17, 8:44 PM
    • #4
    • 14th Nov 17, 8:44 PM
    You can still do BT!!!8217;s between Lloyds and Halifax and Lloyds and Bank of Scotland. That is after 8 years of being the same group. MBNA will likely be the same for a while.
    • planteria
    • By planteria 14th Nov 17, 11:15 PM
    • 4,973 Posts
    • 1,104 Thanks
    planteria
    • #5
    • 14th Nov 17, 11:15 PM
    • #5
    • 14th Nov 17, 11:15 PM
    agreed, should fine. at least for now.
    • Dobbibill
    • By Dobbibill 15th Nov 17, 6:50 AM
    • 2,929 Posts
    • 3,907 Thanks
    Dobbibill
    • #6
    • 15th Nov 17, 6:50 AM
    • #6
    • 15th Nov 17, 6:50 AM
    Even though they are owned by the same banking group, it a different brand so it will be fine.
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


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    • Edi81
    • By Edi81 15th Nov 17, 7:06 AM
    • 428 Posts
    • 289 Thanks
    Edi81
    • #7
    • 15th Nov 17, 7:06 AM
    • #7
    • 15th Nov 17, 7:06 AM
    They are also separate companies.

    Bank of Scotland and Halifax are separate brands but the same company and no balance transfers are allowed between them.

    As an aside it looks like MBNA are still generous with their credit limits and increases they’ve just increased mine by nearly half from£10k to just under £15k. Crazy if you ask me!
    • faddy
    • By faddy 17th Mar 18, 10:03 PM
    • 449 Posts
    • 49 Thanks
    faddy
    • #8
    • 17th Mar 18, 10:03 PM
    • #8
    • 17th Mar 18, 10:03 PM
    They are also separate companies.

    Bank of Scotland and Halifax are separate brands but the same company and no balance transfers are allowed between them.
    Originally posted by Edi81
    Does anyone know if MBNA counts as part of the Lloyds Banking Group for the purposes of this from the Lloyds website:

    "You can only have a maximum of two credit cards with Lloyds Bank and a maximum of five with Lloyds Banking Group (which includes Bank of Scotland and Halifax)"?
    • jonesMUFCforever
    • By jonesMUFCforever 18th Mar 18, 12:27 AM
    • 24,671 Posts
    • 11,895 Thanks
    jonesMUFCforever
    • #9
    • 18th Mar 18, 12:27 AM
    • #9
    • 18th Mar 18, 12:27 AM
    Does anyone know if MBNA counts as part of the Lloyds Banking Group for the purposes of this from the Lloyds website:

    "You can only have a maximum of two credit cards with Lloyds Bank and a maximum of five with Lloyds Banking Group (which includes Bank of Scotland and Halifax)"?
    Originally posted by faddy
    Yes - MBNA UK cards is now fully part of Lloyds Banking group.

    Thinking about it if you want to make balance transfers it makes sense to get cards outside of Lloyds' stable.
    What goes around - comes around
    give lots and you will always receive lots
    • WillPS
    • By WillPS 18th Mar 18, 1:16 AM
    • 269 Posts
    • 129 Thanks
    WillPS
    Lloyds cards accept balance transfers from Halifax, Bank of Scotland and MBNA.

    MBNA cards accept balance transfers from Lloyds, Halifax and Bank of Scotland.

    Halifax cards accept balance transfers from Lloyds and MBNA, but not Bank of Scotland.

    Bank of Scotland cards accept balance transfers from Lloyds and MBNA, but not Halifax.
    • MABLE
    • By MABLE 18th Mar 18, 9:56 AM
    • 3,495 Posts
    • 1,821 Thanks
    MABLE
    Hi, just applied for that new MBNA 38 month balance transfer card. I just realised (thought it was owned by BOA) that MBNA is owned by Lloyds.

    The reason I got this card is to transfer a balance from a Lloyds Bank credit card to the MBNA one as the interest-free period is expiring. This wouldn't be a problem right?

    Thanks for the help!
    Originally posted by adouas
    I have transferred recently from Lloyds to MBNA and then back again with no issues.
    • faddy
    • By faddy 18th Mar 18, 2:25 PM
    • 449 Posts
    • 49 Thanks
    faddy
    Halifax cards accept balance transfers from Lloyds and MBNA, but not Bank of Scotland.
    Originally posted by WillPS
    Oddly enough the application page on the Halifax website just says "Transfer balances of £100.00 or more from your non-Halifax credit or store cards to your Halifax credit card", nothing about BoS.
    • jonesMUFCforever
    • By jonesMUFCforever 18th Mar 18, 3:25 PM
    • 24,671 Posts
    • 11,895 Thanks
    jonesMUFCforever
    Oddly enough the application page on the Halifax website just says "Transfer balances of £100.00 or more from your non-Halifax credit or store cards to your Halifax credit card", nothing about BoS.
    Originally posted by faddy
    HBOS stands for Halifax Bank of Scotland - they are the same company within the umbrella of Lloyds Banking group.
    What goes around - comes around
    give lots and you will always receive lots
    • faddy
    • By faddy 18th Mar 18, 3:55 PM
    • 449 Posts
    • 49 Thanks
    faddy
    HBOS stands for Halifax Bank of Scotland - they are the same company within the umbrella of Lloyds Banking group.
    Originally posted by jonesMUFCforever
    Indeed, although it's now simply Bank of Scotland plc.

    I just think it's slightly odd that the Halifax balance transfer page doesn't mention the prohibition on transfers from BoS for the benefit of those unaware.
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