Money transfer

“It allows me to easily move money to my cash account”

Jonathan, Barclaycard customer
See what a money transfer could do for you today

Transfer cash straight to your bank account

Sometimes it’s just got to be cash – the person you’re paying doesn’t take credit cards, an unexpected bill pops up, or you need to pay a deposit. And that’s when your Barclaycard can help out.

With a money transfer, you can send cash from your Barclaycard straight to your UK current account. You’ll pay a fee and get 0% interest for your promotional period, it’s a handy way to borrow when you need it.

Customers tell us why they transfer money from their credit card to their bank account. Viewing time: 1.06.

To see if you’ve got a money transfer offer waiting, you can:

Log in or register for Barclaycard online servicing:

Use the Barclaycard app – download it for free on the App store or on Google Play:

Give us a call on 0800 151 0900  (call charges apply).

How a money transfer works

Log in or use the Barclaycard app and select 'Transfers and offers'.

2. Transfer up to 90% of your available credit limit before your offer expires.

3. The money will be transferred to your current account within 48 hours.

4. Then your cash is available as and when you need it.

Your transfer limits and fees

You can transfer up to 90% of your available Barclaycard credit to a UK current account in your name. This leaves some credit on your card just in case you need it.

The minimum amount you can transfer is £100 – the maximum depends on your credit limit and existing balances.

You’ll pay a fee for each transfer, which is added to your balance. The fee will usually be between 1.9% and 2.9% of the amount you transfer. To give you an idea of what your fee could be for different transfer amounts, take a look at our examples.

Transfer

At 2.9% your fee would be:

£500

£14.50

£1,000

£29.00

£2,000

£58.00

To transfer or not to transfer?

If you only pay your minimum monthly payment, make sure you can also afford the extra monthly payments for your money transfer on top of this. If you ever want to pay more than your minimum payment each month to bring your balance down and pay it off earlier, that’s absolutely fine.

It’s also important to understand how your promotional period and interest rates work. Your 0% interest rate could go back to the standard rate for three reasons:

  •  if you don’t make your minimum monthly payments on time
  •  if you go over your credit limit
  •  or if your promotional period has ended (we’ll tell you what this is before you make your transfer)

Plus, once the money has been transferred and you continue to use your Barclaycard for purchases or cash withdrawals, you’ll charged interest from the date they’re added to your account, even if you pay them in full on your next statement.

And one last thing – your simple standard rate follows the Bank of England Base Rate, so this could change by the time your promotional period ends. When the expiry date of your promotional offer is getting close, we’ll attempt to get in touch by email, text or letter to remind you. You can find out more about how your promotional period and interest rates work in your money transfer terms and conditions.

FAQs

Other things you might want to know about a money transfer.

Set up your money transfer

To see if you’ve got an offer waiting for you and for more info about your money transfer offer, including the duration, fee and how to apply, you can use:

Barclaycard app

Download. Tap. Done. Have a look to see if you’ve got an offer and then apply through the app.

Download on the App Store   or on Google Play 

Barclaycard online servicing

Log in or register to your Barclaycard account and select ‘Transfers and offers’. See if you’ve got an offer and then apply online.

Got a Barclays current account? Use Barclays Mobile Banking  to view both of your accounts at the same time. The Barclaycard app will only show your Barclaycard account.

If you’d rather set up a money transfer over the phone, just give us a call on 0800 151 0900 ( call charges apply).

At a glance

How much?
Minimum transfer amount is £100, maximum transfer amount depends on your credit limit and balance.

Interest?
0% interest for the promotional period, depending on your offer.

Fees?
Typically 1.9% to 2.9%, depending on your offer.

To qualify?
Go to Barclaycard online servicing or use the Barclaycard app to see if you have a money transfer offer.

Hints and tips

  • You can keep track of your monthly payments through Barclaycard online servicing or on the Barclaycard app
  • Pay more each month if you’d like to bring your balance down and pay things off sooner – if you have a Direct Debit make sure you check it and change the amount if you need to
  • Make a note of the date you need to transfer your money by, as your 0% offer is only for a limited time
  • When your promotional 0% interest period ends, you’ll start paying your standard interest rate
  • When the expiry date of your promotional offer is getting close, we’ll attempt to get in touch by email, text or letter to remind you
  • Once the money’s been transferred from your Barclaycard, you won’t be covered by Section 75 credit card protection