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Money transfer credit cards
Shift cash from a card to your bank account at 0% interest
A 0% money transfer allows you to shift cash from a card to your bank account to clear your overdraft or give yourself a 0% cash loan for up to 14 months. This guide has full info and best deals, plus our eligibility calculator will show cards you've the best odds of getting before you apply.

Who's this guide for? Anyone looking to transfer cash to their bank account. If you've already got card debt, and you want to make it cheaper, try a balance transfer credit card.
Other related guides... 0% Purchase Credit Cards | Cut Overdraft Costs | Cheap Loans | Debt Help
What is a money transfer card?
A 0% money transfer card is a type of credit card that pays cash straight into your bank account, for a one-off fee. During the 0% period you won't pay any interest, though you do need to make at least the minimum repayment.
You'll need to ask the lender to transfer the money to your chosen account for it to count – you can't just withdraw it as cash and pay it in (doing so usually incurs expensive interest and fees). When the 0% period ends, interest kicks in. So always aim to clear the card before then.

How best to use a money transfer card
Money transfers usually mean new borrowing – which can be dangerous. So ensure it's planned, budgeted for and affordable. The best way to handle these debts is to treat them like a loan.
Once you've done the transfer, divide the debt by the number of 0% months and pay that amount each month so you clear the card before interest kicks in. It's best to set up a direct debit or standing order to do it.
Here are two examples where a money transfer card comes into its own.

- Beat loan rates for purchases under £5k – where card isn't accepted. A 0% spending card offers the cheapest way to pay, as there are no fees at all. Yet for cases where credit cards are not accepted, using a money transfer card to get cash is often much cheaper than a personal loan – provided you can get a large enough credit limit.
For example, use the top money transfer card to move £2,000 to your bank account and – as long as it's fully repaid within the 14 month 0% period – you'd only pay a one-off fee of £70. Yet a loan over the same period (even at the cheapest loan rate of 12.3%) would cost you around £157 in interest, so over double the amount.

- Pay off expensive debts – overdrafts, payday loans and high-cost loans. Use the cash from the card to pay off your highest cost debt. Then, as you're no longer paying interest, more of your payments go towards clearing the balance on the card.
You'll need to be disciplined though, and ensure you don't slip back into your overdraft or need to borrow again, or you'll be in even more debt. See our Budget Planner, Cut Overdraft Costs and Payday Loans guides for more help.
See which money transfer cards you've the best chance of getting, in your own personal best-buy table.
Usually, applying is the only way to know if you'll be accepted for a credit card. Yet that marks your credit file, affecting your ability to get future credit. To help, our tool uses a 'soft search' to find your chances of acceptance before applying.
Check your chance of acceptance
Best 0% money transfer credit cards
The standout cards are below, but it's still best to use our eligibility calculator to see which you've the best chance of getting.
Top 0% money transfer cards for new cardholders
LENDER | 0% LENGTH + FEE | CHECK ELIGIBILITY / APPLY |
MBNA |
The clear standout – longest 0% period with the lowest fee. Sadly it's not in our eligibility calculator, though the link takes you to MBNA's own calculator, so you can check your odds of being accepted before applying. | |
- 14mths 0% - 22.9% rep APR |
Apply (not in our eligibility calc) |
|
![]() Tesco Bank |
A shorter 0% period with a higher transfer fee – all accepted get the full 12 months. But unlike MBNA's card above, here you can use our eligibility calculator to check your odds of being accepted before applying. | |
- 12mths 0% - 3.99% fee - 20.9% rep APR |
Check eligibility | |
Apply* | ||
TABLE_CELL_STYLE
Virgin Money
|
A contender if you've low eligibility scores for the Tesco card above. Another definite year at 0%, though a tad higher fee. | |
- 12mths 0% - 4% fee - 22.9% rep APR |
||
Apply* |
Important: To get the 0%, you must usually do the money transfer within 60 or 90 days of opening. Representative APR (variable) is stated above, but your money transfer interest may be different. See all official APR examples.
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