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A money transfer allows you to transfer funds straight into your bank or building society account.
Whether you want to transfer funds to pay off an overdraft with a higher interest rate, or free up some money for home improvements, you can transfer money from your Virgin Money or Virgin Atlantic Credit Card directly into your own bank or building society account. You can only transfer money to an account in your name or the name of any additional cardholder on the account.
A transaction fee may apply and you will need to request your money transfer within the first 60 days of opening your account to receive the introductory promotional offer.
Transferring funds from this card and paying only the minimum payment amount due each month may lower your overall monthly debt repayments, but it may take you longer and cost you more to repay what you owe. Other lenders may charge a fee for settling a loan early.
You should not use your card to repay a loan, overdraft, or mortgage issued by Clydesdale Bank PLC (including Virgin Money, Clydesdale Bank and Yorkshire Bank).