Money Transfers.

As an existing Halifax credit card customer you may be able to benefit from money transfer offers.

What is a money transfer?

A money transfer lets you transfer money from your credit card to any of your own UK current accounts. You can benefit from a promotional interest rate on the transfers you make, but a transfer fee may apply. It will form part of your credit card balance and is subject to repayments as part of your monthly statement balance. A money transfer may be suitable for:

  • covering unplanned expenses - such as a broken boiler
  • one-off major expenses or purchases - such as a holiday
  • tidying up your finances - if it is appropriate to do so.

Promotional offers explained

We offer two types of promotional offers on credit cards:

  1. 0% interest rate for a set period of time and are subject to a one-off fee, typically 3%. No interest is charged during this period and the fee is added to your total balance
  2. Low interest rate for a set period of time which typically have no fee (0%).

Please note: To keep any promotional rate, you must stay within your credit limit and pay at least the minimum payment on time each month.

What are the benefits of a low interest rate promotional offer?

These are some of the benefits of a low interest rate promotional offer:

  • Low interest offers could provide a cheaper way to borrow for a longer period, potentially reducing the need to regularly switch offers
  • Generally low interest offers have lower or no fees compared to 0% periods
  • Could save you money if you are paying a higher amount of interest elsewhere.

Am I eligible?

You can check your eligibility through Online Banking. If eligible, you will be able to view the offers available to you. Offers may not always be available on your account.

To make a money transfer you will need to have a UK-based current account in your name and address. Money Transfer applications are subject to eligibility and security checks but these will not leave a footprint on your credit file.

How much can I transfer?

Money transfers must be a minimum of £100 and the total amount you’ll be able to transfer will need to be less than your available credit limit. This is to allow for any Money transfer fee and any other fees, charges or transactions which haven’t yet reached your account.

If your available credit limit isn’t sufficient to complete the transfer, you can apply for a credit limit increase online, simply select the ‘more actions’ button on your credit card account and then the ‘manage credit limit’ button.

How long will the transfer take?

After we approve the request, the transfer will normally arrive by the next working day.

Working days do not include weekends or bank holidays.

How do I view my offers and transfer money?

If you're registered for Online Banking, you can view your money transfer offer and process the transfer online. From ‘My accounts’ select the ‘Balance and Money Transfer’ button next to your credit card account and follow the instructions on the screen to view your offers and undertake the transfer.

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 Register for Online Banking

Want to pay off a credit or store card?

Read about our balance transfer offers and process, which lets you transfer balances from another credit and some store cards.

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

Halifax Credit Cards are issued by Bank of Scotland plc, Registered in Scotland No.SC327000.Registered Office: The Mound, Edinburgh EH1 1YZ. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.