Changing cash ISAs
scr222
Posts: 4 Newbie
My cash ISA supplier has brought out a much better ISA but will not accept transfers from their existing ISA holders. Is there any reason why I could not transfer to another supplier and then return to my original supplier as a new customer?
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Comments
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Does the ISA accept transfers from elsewhere or is it new money only?0
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Yes it does accept transfers from third parties.0
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Then yes, open up an instant access ISA elsewhere, transfer out, then transfer in.
Mind you this could take a while.
I could go in branch and explain you'll do this anyway they might transfer it there and then, if they're nice.0 -
Thanks, I'll give it a try0
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My cash ISA supplier has brought out a much better ISA but will not accept transfers from their existing ISA holders. Is there any reason why I could not transfer to another supplier and then return to my original supplier as a new customer?
Wouldn't this fall foul of the rule that you are only allowed to open one cash ISA each tax year?
Mark0 -
MarkFromMullion wrote: »Wouldn't this fall foul of the rule that you are only allowed to open one cash ISA each tax year?
Mark
You can only contribute to one ISA a year. You can open as many as you like during the year as long as you only put money into one.0 -
My cash ISA supplier has brought out a much better ISA but will not accept transfers from their existing ISA holders. Is there any reason why I could not transfer to another supplier and then return to my original supplier as a new customer?
If your provider makes you go to this length, then are they worthy of your custom. They wouldn't be for mine.Mortgage free
Vocational freedom has arrived0
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