Balance transfers

As an existing Bank of Scotland credit card customer you can benefit from balance transfer offers, which could help you save money and manage your finances.

What is a balance transfer?


  • A balance transfer lets you transfer the balance from one credit card or store card, where you may be paying interest, to another credit card.

  • Balances transferred to your Bank of Scotland credit card could benefit from a promotional interest rate for a set period. A transfer fee may apply.

  • You can transfer from any card that displays a Visa®, Mastercard® or Amex® logo.

What types of offers are available?


There are two types of promotional offers:

  • 0% interest rate for a set period of time and are subject to a one-off fee, typically 3%. No interest is charged during this period and the fee is added to your total balance
  • Low interest rate for a set period of time which typically have no fee (0%).

Please note: To keep any promotional rate, you must stay within your credit limit and pay at least the minimum payment on time each month.

What are the benefits of a low interest offer?


These are some of the benefits of a low interest offer:

  • Low interest offers could provide a cheaper way to borrow for a longer period, potentially reducing the need to regularly switch offers
  • Generally low interest offers have lower or no transfer fees compared to 0% interest offers
  • Could save you money if you are paying a higher amount of interest elsewhere.

Am I eligible?


You can check your eligibility through Internet Banking. If eligible, you will be able to view the offers available to you. Offers may not always be available on your account.

How much can I transfer?


Balance transfers must be a minimum of £100 and the total amount you’ll be able to transfer will need to be less than your available credit limit.

This is to allow for any balance transfer fee and any other fees, charges or transactions which haven’t yet reached your account.

How long will the transfer take?


After we approve the request, the transfer will normally arrive by the next working day. Working days do not include weekends or bank holidays.

Please continue to make payments to any other credit or store cards you have until the transfer shows on your statements.

What if I need a credit limit increase?


If you want to make a balance transfer but your available credit limit isn’t sufficient to complete the transfer, you can apply for a credit limit increase online. Simply select the ‘more actions’ button on your credit card account and then the ‘manage credit limit’ button.

Apply for a credit limit increase

How do I make a balance transfer?


If you're registered for Internet Banking, you can view your balance transfer offer and process the transfer securely online. From ‘My accounts’ select the ‘Balance and Money Transfer’ button next to your credit card account and follow the instructions on the screen to view your offers and undertake the transfer.

View your balance transfer offers

Register for Internet Banking

Alternatively, you can call 0345 964 5645 (Mon-Sun 24 hours a day, seven days a week).

Money transfers


Want to transfer money to your current account? As an existing Bank of Scotland credit card customer you may be able to benefit from a money transfer offer.

Money Transfers let you transfer money from your credit card to any of your own UK-based current accounts.

Money Transfers

  • We do not accept balance transfers from other Bank of Scotland credit cards, loan companies or bank accounts
  • Balance 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 rates that go with your balance transfer, you must always stay within your credit limit, and make your payments on time each month
  • After your promotional offer 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
  • 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 balance 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.

A credit card balance transfer is where you transfer part or all of what you owe from one credit or store card to another credit card, usually at a lower interest rate.

It could be worth considering if you are paying interest on your credit cards or store cards, as transferring your balance could help you save money.

Remember that fees may apply – Please check the terms and conditions for this and other important information.