How do I transfer my ISA???

Baldur

As far as I can see, from a quick skim through the HMRC guidance notes, there is no reason why electronic transfers could not be used - but, in practice, they aren't.

COCO

I'm of work at the moment so i will go into Natwest tuesday and try and insist on a Isa(bacs) transfer from Barclays.

I wonder what the response will be?.

Baldur

As the high street banks tend to use centralised ISA departments, insisting at a branch is highly likely to achieve nothing - especially as a BACS transfer would have to be initiated by the sender, rather than the recipient institution.......;)

evenasus

COCO wrote: »

I'm of work at the moment so i will go into Natwest tuesday and try and insist on a Isa(bacs) transfer from Barclays.

I wonder what the response will be?.

How did you get on? Any luck?

BiggaThanBen

Quick question, - I currently have a cash ISA in A&L, for this and previous years. In this year I've already deposited £3600 into it.

May I now transfer it in full to another bank/bs ?

And another one, - as I understand the process could take 3 weeks +. Am I right in the assumption that once your application is accepted (e.g.2 days after sending the forms) they can't change their mind while the transfer is being made ?

Baldur

BiggaThanBen wrote: »

May I now transfer it in full to another bank/bs?

Yes you can.

BiggaThanBen

Baldur wrote: »

Yes you can.

Thanks.

And I wont lose my interest which is paid annually (earned but not paid circa 6 months) ?

Baldur

BiggaThanBen wrote: »

And I wont lose my interest which is paid annually (earned but not paid circa 6 months) ?

The transfer process closes your old ISA account and any earned interest is added to the total transferred to your new provider (subject to any terms & conditions of your old ISA account, which you'll have to read for yourself).