Fund Transfer

What is Fund Transfer?

Fund Transfers are any transactions arranged to move money from one place to another. Most of us make money transfers all the time: for example, through standing orders and Direct Debits to pay bills, or simply transferring money to a friend’s account to pay our share of a restaurant bill. However, sometimes you'll need to make a Fund Transfer for a specific reason - perhaps to help out a loved one overseas - and then it's worth exploring the different types of Fund Transfer available, to work out which is best for you.

The term Fund Transfer can also specifically relate to a type of credit card transfer where you transfer funds from your credit card to your UK bank or building society account. The money transfer forms part of your credit card balance and is subject to repayments as part of your monthly statement. You can find out more about this from your credit card provider.

Fund Transfers allow funds to be moved quickly and securely without needing to exchange cash. You can use a money transfer to send money overseas, or within the UK.