Money transfers

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:

Log in Register

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

Download the Barclaycard app from the App Store   Download the Barclaycard app from Google Play    

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

How a money transfer works



1. Log in at barclaycard.co.uk/login 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. You can find out more 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.

It depends on your offer.  Just remember that you can lose your promotional rate if you go over your credit limit or don’t pay your minimum amount each month. If this happens (or when your offer ends), we’ll move any remaining balance to your standard balance and charge interest at your standard rate.

You don’t need to pay the full balance each month if you don’t want to – as long as you pay your minimum amount. We’ll use any payments you make towards balances with higher interest rates first, before your promotional balances.

That means that only paying the minimum amount each month might not give you enough time to repay your money transfer before your promotional offer runs out. So it’s always best to pay more if you can. Once your promotional offer ends, we’ll move any remaining balance to your standard balance and charge interest at your standard rate.  

Another thing to bear in mind is that we’ll charge interest on all your purchases at your standard purchase rate until you’ve repaid your transferred balance in full. Even if you repay your monthly spend in full each month.

Your transfer will reach your bank by the end of the next working day after you make your request. If you request a transfer outside of business hours – that’s after 4pm on a weekday or any time at the weekend or a bank holiday – it may take longer. Occasionally, we have to make additional checks, for example, if we need to make sure your request genuinely came from you. If this happens, there may be a delay, but we’ll process your transfer as quickly as we can.

Once we’ve processed your money transfer, the amount and fee will appear as a promotional balance on your Barclaycard account, and we’ll charge interest at your promotional rate. If the account details you give us are wrong, the payment may not go into your bank account and it might not be possible to recover the money if it’s paid into someone else’s account in error.

Make sure you’ve read our money transfer terms and conditions before you apply.

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

Download the Barclaycard app from the App Store   Download the Barclaycard app from 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.

Log in Register

Forgotten your username or ID number?

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
  • Once the money’s been transferred from your Barclaycard, you won’t be covered by Section 75 credit card protection