Money Transfers

As an existing Bank of Scotland credit card customer you may be able to benefit from money transfer offers.

What is a money transfer?


A money transfer lets you transfer money from your credit card to any of your own UK current accounts. You can benefit from a promotional interest rate on the transfers you make, but a transfer fee may apply. It will form part of your credit card balance and is subject to repayments as part of your monthly statement balance.

A money transfer may be suitable for:

  • covering unplanned expenses - such as a broken boiler

  • one-off major expenses or purchases - such as a holiday

  • tidying up your finances - if it is appropriate to do so.

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.

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.

How much can I transfer?


Money transfers must be a minimum of £100 and the maximum amount you’ll be able to transfer is up to 95% of your available credit limit.

This is to allow for the money 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.

Important points to note:

  • Keeping promotional rates - To benefit from the promotional rate you must make the minimum payment by the payment due date each month and not go over your credit limit.
  • 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 - Any payments you make will be used to pay off amounts on which we charge the highest rate of interest first, then the next highest rate, and so on down to the lowest rate of interest.

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

How do I view my offers and transfer money?


If you're registered for Internet Banking, you can view your money transfer offer and process the transfer online.

Simply log in to Internet Banking to access your Balance and Money transfer options.

Log in  Register for Internet Banking

Want to pay off a credit or store card?


Read about our balance transfer offers and process, which lets you transfer balances from another credit and some store cards.