• What is a Money Transfer Credit Card?

    A Money Transfer Credit Card allows you to directly transfer money from your credit card to any bank account giving you another option to help you manage your finances. You can arrange a money transfer by heading to the ‘Account Management’ section of our Mobile Banking App or by logging in to Online Banking.

    Please note that it is not possible to add a reference to a money transfer so if you're sending this to a third party account, we would suggest transferring to an account in your name first. This can then be forwarded to a third party account with the appropriate reference added.

    You can borrow up to 95% of your available credit limit and the money will be in your bank account within 1 - 2 working days. The fee you pay will depend on your card's terms and conditions, but it's normally a percentage of the amount that you want to transfer. Please remember your available credit does not take in to account any interest that will be added on the next statement.
    Was this article useful?

    Ask a question in the Community

    More and more customers are asking questions in the Tesco Bank Community, where our trusted community members and Tesco Bank colleagues can help

    Our door is always open, most customers find their question answered within 20 minutes of posting.

    © 2021 Tescobank.com All rights reserved