Thursday, December 15, 2011

Can i use barclaycard balance transfer to clear halifax overdraft?

Hi,





I'm currently have an overdraft with Halifax - so am paying 拢1 per day! I would ideally like to end this so was wondering if i could transfer the amount to my barclaycard as they are having a 0% interest free balance transfer offer. Is this possible? If not, is there a way around it?|||Tom,





If you have balance transfer cheques you would be able to do a balance transfer for the amount. Otherwise, you wouldn't be able to do a traditional balance transfer, as they are specifically designed for credit card or loan to credit card transfers.





Sorry for not having better news.|||Balance transfer only applies to credit or store cards.





Can't you just arrange a loan with Halifax to pay off your overdraft?|||Yes you can. Set it up as a bill payment to yourself with your Barclaycard.

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