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Transfer Negative Balance from BOI Credit Card to BOI Current Account

  • 22-04-2020 11:52PM
    #1
    FGR
    Registered Users, Registered Users 2 Posts: 2,468 ✭✭✭


    Hi BOI,

    If my BOI credit card is in credit (as opposed to the regular debit where I owe money) is it possible to transfer that balance back to my BOI current account or must I withdraw the money and lodge it physically?

    I had lodged €100 onto the card which had a 0 balance (so -€100 owed) with intent to buy something online but that fell through so want to return the sum to my account.

    Thank you in advance!


Comments

  • #2
    Ally Dick
    Registered Users, Registered Users 2 Posts: 12,817 ✭✭✭✭Ally Dick


    No. It's not possible online. You could take the money out of your credit card at an ATM, and then lodge the cash to your current account, but cash advance fees could apply to your credit card if you do


  • #3
    Bank of Ireland: Alison
    Closed Accounts Posts: 1,060 ✭✭✭Bank of Ireland: Alison


    Hi FGR

    Thanks for getting in touch with your card query.

    Although you will be unable to withdraw from the credit card online, you can use the ATM to make a cash withdrawal. Just to mention, cash advance fees may apply. We've more info here on this.

    We hope the info helps,

    Many thanks
    Alison


  • #4
    FGR
    Registered Users, Registered Users 2 Posts: 2,468 ✭✭✭FGR


    Bank of Ireland: Alison wrote: »
    Hi FGR

    Thanks for getting in touch with your card query.

    Although you will be unable to withdraw from the credit card online, you can use the ATM to make a cash withdrawal. Just to mention, cash advance fees may apply. We've more info here on this.

    We hope the info helps,

    Many thanks
    Alison
    Hi Alison! Thanks for the reply.

    Is there a limit on how much one can withdraw from their credit card? If so - would I be better off making the transaction at the counter if the amount in credit is a large sum? Thanks!


  • #5
    Bank of Ireland Reps
    Closed Accounts Posts: 1,293 ✭✭✭Bank of Ireland Reps


    Thanks FGR for coming back to us on this.

    I'm afraid it's no longer possible to take cash from the card at the counter. Just to mention, when this option was previously available, the card (if applicable) could still be subject to cash advance fees. The daily limit at the ATM is €700.

    Many thanks
    Alison


  • #6
    Curious_Case
    Registered Users, Registered Users 2 Posts: 1,525 ✭✭✭Curious_Case


    FGR wrote: »
    Hi BOI,

    If my BOI credit card is in credit (as opposed to the regular debit where I owe money) is it possible to transfer that balance back to my BOI current account or must I withdraw the money and lodge it physically?

    I had lodged €100 onto the card which had a 0 balance (so -€100 owed) with intent to buy something online but that fell through so want to return the sum to my account.

    Thank you in advance!

    If you need the option of regularly transferring from your credit card to your current account, investing in a sumup unit might be worth considering.


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  • #7
    podgeandrodge
    Site Banned Posts: 5,975 ✭✭✭podgeandrodge


    Bank of Ireland: Alison wrote: »
    Hi FGR

    Thanks for getting in touch with your card query.

    Although you will be unable to withdraw from the credit card online, you can use the ATM to make a cash withdrawal. Just to mention, cash advance fees may apply. We've more info here on this.

    We hope the info helps,

    Many thanks
    Alison
    Hi can you clarify this for me - the link you quote says "You can avoid cash advance fees if your credit card account is in credit" but you are saying advance fees might apply in this case? Thanks. 


  • #8
    Bank of Ireland: Richard F
    Closed Accounts Posts: 483 ✭✭Bank of Ireland: Richard F


    Hi Podgeandrodge,

    Thanks for getting in touch.

    If your account is not in credit, there may be cash advance fees on the account. These fees can be avoided if the card is in credit. We hope this helps.

    Thanks,
    Richard


  • #9
    podgeandrodge
    Site Banned Posts: 5,975 ✭✭✭podgeandrodge


    Thanks Richard.  What I mean is that this particular thread, the original posted was in credit - and BOI said if he took out his cash it might be subject to cash advance fees?


  • #10
    Bank of Ireland: Richard F
    Closed Accounts Posts: 483 ✭✭Bank of Ireland: Richard F


    Thanks for getting back to us Podgeandrodge,

    In the case of the original poster, cash advance fees would be avoided if their credit card account is in credit when the transaction hits the account or if it has a zero balance after the transaction is completed.

    We apologise for any confusion.

    Thanks, Richard


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