- 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
- Keeping promotional rates - To keep any promotional rate you must make the minimum payment by the payment due date each month and not go over your credit limit
- After your promotional period ends, you will be charged the standard interest rate, which can be confirmed on your statements
- Low interest offers charge interest daily, we add together all the daily interest amounts in each statement period and add the total to your balance on your statement date
- Section 75 Purchase Protection does not apply - Anything you buy using funds from a money transfer won’t benefit from the protection given by Section 75 of the Consumer Credit Act 1974 – unlike some credit card purchases
- Payment allocation - we use your payments to pay off the balances charged at the highest interest rate first, so your more expensive balances are paid sooner. Your payment will include any interest or charges incurred as a result of those balances
- Other borrowing options - Before you apply for a money transfer it's worth considering other ways to borrow, as well as any savings you may have, as these could be better options for you. Read more about other ways to borrow.
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.