A balance transfer allows you to move debt from an existing credit card to a new credit card, in your name only. This could save you money if you're paying a higher rate of interest on your old credit card.
A money transfer allows you to borrow money on your credit card and transfer it to your current account. This could help if you can't pay for something directly using your credit card.
You'll normally pay a fee for either kind of transfer. The amount you pay will depend on the type of transfer you want to make and your card's terms and conditions, but it's normally a percentage of the amount that you want to transfer. You can transfer up to 95% of your available credit limit.
Balance transfers can take up to 3 working days and money transfers can take up to 2 working days. Fees are applied for both types of transfers and are available to view via the Mobile App.