Before you start
There’s a few things you need before you get started with your money transfers.
Important information
- Money transfers are subject to eligibility and security checks. These won’t leave a footprint on your credit file.
- You might be charged a fee for any money transfers you make. This is normally a percentage of the amount you’re transferring. For example, a transfer of £1,000 with a 3% fee would result in a £30 transfer fee.
- Only paying back the minimum payment every month could take you longer to clear your balance and cost you more.
- Once the transfer’s been processed, it can’t be cancelled. Neither can any fees.
- If you’ve not paid all your money transfer amount off before your promotional period ends, interest will be payable on the remaining amount at your account’s standard interest rate.
- You can view details of offer expiry dates and rates that currently apply to portions of your outstanding balance, on the ‘Breakdown of balance’ box on the transactions pages of your PDF or paper statement.
- Anything bought using funds from a money transfer isn’t covered by Section 75 of the Consumer Credit Act 1974.