What is a money transfer?
When you move money from your credit card account to your UK bank account, that’s a money transfer.
Here's a simple example of how a money transfer works
Requesting a money transfer
Frequently asked transfer questions
Once approved, money transfers should be complete by the next working day.
The minimum transfer amount at Halifax is £100. The maximum is up to 93% of your credit limit.
Keep in mind that fees might apply to each transfer.
To request a money transfer with Halifax, you’ll need:
- The details of your UK current account – particularly the account number and sort code.
- If applying online, you’ll need your Online Banking sign in details.
- A phone – we’ll contact you to complete a security check.
Before you transfer, it’s worth checking we’ve got the right contact details for you.
No – if you transfer money to your bank account and make purchases using a debit card or cash, these transactions are not protected under Section 75 of the Consumer Credit Act 1974.
Only purchases over £100 and up to £30,000, made with a credit card, are covered.
A summary on money transfers
With a money transfer, move funds from your credit card to your UK bank account.
- This could be helpful if you need to make cash-only purchases, or manage unexpected expenses.
- You could take advantage of an introductory or promotional interest rate for a set period of time.
- The minimum balance you can transfer is £100, the maximum is dependent on your credit limit.
- Other ways to use a credit card include card purchases, balance transfers and cash transactions.
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Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ. Bank of Scotland plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 169628.