Balance Transfer definition

Balance Transfer refers to the facility of transferring the outstanding balances from another credit card held by the Cardmember with another bank, financial institution or credit card issuer to the Card Account, subject to the Balance Transfer terms and conditions applicable at the time of application for Balance Transfer;

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Balance Transfer means a Transaction where you request us to transfer any balance that is owed on another credit card account to the Account. The other credit card account cannot be an account with the Bank. A Balance Transfer is treated as a Cash Advance. We may offer you a promotional interest rate on a Balance Transfer, but if we do not, then the annual interest rate that applies on the Account for Cash Advances applies to that Balance Transfer. If you accept a promotional offer on a Balance Transfer, this Agreement will continue to apply to that Balance Transfer and any additional terms we set out in the promotional offer will also apply to that Balance Transfer.

Balance Transfer means a transfer of the debit balance on any credit card held with any credit card issuer or any account with other banks (other than the Bank) to a Card Account;

Examples of Balance Transfer in a sentence

• If you request a Balance Transfer when you open your Account, it may not be processed for up to 10 days from Account opening date to allow us time to provide you with legally required disclosures.

• If we honor the Balance Transfer Check or other Balance Transfer request under these circumstances, the amount in excess of your Credit Limit will be due immediately.

• We are entitled to return a Balance Transfer Check or other request for Balance Transfer unpaid if there is not enough available credit in your Account, if your Account is in default, or if we have terminated your right to obtain further credit under your Account.

• We will only approve Balance Transfer amounts that are at least $200 under your Credit Limit.

• You agree that any check we issue on your behalf to a financial institution other than us or our affiliates for the purpose of effecting a Balance Transfer at your request (“Balance Transfer Check”) will not be returned to you.

More Definitions of Balance Transfer

Balance Transfer means a transfer of funds to another creditor initiated by us at your request. A Balance Transfer does not include a transaction that is otherwise a Cash Advance, except that any direct deposit completed at the time of your application for this Account will be treated as a Balance Transfer. Balance Transfers include Transaction Fees and adjustments associated with any Balance Transfer.

Balance Transfer means the transfer of an amount owed on another credit or store card that you hold with a different provider to your account.

Balance Transfer means a cash advance transaction in which you borrow money on your account to pay the outstanding balance on another creditcard or loan with another financial institution.

Balance Transfer means a transfer of a debit balance which You owe to another financial institution and which We have agreed to accept and debit to Your Account.

Balance Transfer means the settlement or transfer of all or any part of the outstanding balance of the credit card issued by another bank or financial institution to the Cardholder by debit to his Card Account.

Balance Transfer means a transfer to the Account of an amount in sterling outstanding by you or an Additional Cardholder under an agreement with another lender;

Balance Transfer means either: