Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • washtenaw
    • By washtenaw 8th Feb 18, 10:02 AM
    • 6Posts
    • 0Thanks
    Use Money Transfer to pay balance on same card
    • #1
    • 8th Feb 18, 10:02 AM
    Use Money Transfer to pay balance on same card 8th Feb 18 at 10:02 AM
    I have a balance of about 2,000 on a credit card. I have a money transfer offer on that same card and I want to use that to transfer 2000 into a savings account AND then use that money to pay off that initial outstanding 2000 balance on that card (because it would be at a better rate this way).

    Should this be ok ? I assume it would be, as technically once I have received the money transfer into my savings account I should be able to do whatever I want with that money. But the bank may think otherwise. Should I call them up first and ask what I intend to do or should it be fine ???
Page 1
    • zx81
    • By zx81 8th Feb 18, 10:07 AM
    • 17,214 Posts
    • 18,288 Thanks
    • #2
    • 8th Feb 18, 10:07 AM
    • #2
    • 8th Feb 18, 10:07 AM
    No need to call. It's fine.
    • Dobbibill
    • By Dobbibill 8th Feb 18, 11:55 AM
    • 3,141 Posts
    • 4,052 Thanks
    • #3
    • 8th Feb 18, 11:55 AM
    • #3
    • 8th Feb 18, 11:55 AM
    yes that will work - be mindful there may be a fee for a MT.
    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 Any views are mine and not the official line of

    It's not about being the best -
    It's about being better than you were yesterday.
    • Akahotpot
    • By Akahotpot 8th Feb 18, 2:08 PM
    • 142 Posts
    • 94 Thanks
    • #4
    • 8th Feb 18, 2:08 PM
    • #4
    • 8th Feb 18, 2:08 PM
    I did it on my Barclaycard no issues
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

3,043Posts Today

8,356Users online

Martin's Twitter
  • Quick #eng pre-match poll. What result do you predict?

  • I agree this glitch wasn't flights for 1p it was flights for c. £200 - I think many would've expected that to be th?

  • Was the BA fare glitch fair? Are you one of those let down by BA cancelling cheap flights to Tel Avivandr Dubai? H?

  • Follow Martin