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ICE SAVE - 2nd E Mail Received

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  • blizeH
    blizeH Posts: 1,401 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I'm still really confused about this, why are some people initiating their ISA payouts? How do you even do that? Apologies for my stupidity but I really, really, really don't get whether I have to select the BACS option, and if not, why is it there, and what are people doing when they say they're initiating the payment?
  • got 2nd email last thursday, money in my linked account today. very efficient by the FSCS, full credit to them. thank god this horrible experience is over.

    my days of being a rate tart, however, are over too. there are too many self-appointed 'experts' out there (this site included) who don't know what they are talking about.
  • Pooky23
    Pooky23 Posts: 140 Forumite
    I received my 1st email on 6 Nov and this afternoon, despite not having received my 2nd one, I accessed my Icesave a/c and was allowed to "initiate" both my savings and ISA a/cs. I logged out and was able to login again despite being warned that I would not be able to. I'm now in the position that I don't know whether my money will be moved or not; anyone any ideas?:confused::confused::confused:

    If your claim has been successful, you'll get a confirmation email from the FSCS. Mine did not come immediately, it arrived the following day. I waited to get my 2nd email before trying to claim.
  • Meadows
    Meadows Posts: 4,530 Forumite
    Mortgage-free Glee! Hung up my suit! Xmas Saver!
    blizeH wrote: »
    I'm still really confused about this, why are some people initiating their ISA payouts? How do you even do that? Apologies for my stupidity but I really, really, really don't get whether I have to select the BACS option, and if not, why is it there, and what are people doing when they say they're initiating the payment?


    You claim the Isa funds, they go back to your main account, wait about two weeks and you will receive a certificate that allows you to re-invest the money in a new Isa account.
    Everything has its beauty but not everyone sees it.
  • CHR15
    CHR15 Posts: 5,193 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    blizeH wrote: »
    I'm still really confused about this, why are some people initiating their ISA payouts? How do you even do that? Apologies for my stupidity but I really, really, really don't get whether I have to select the BACS option, and if not, why is it there, and what are people doing when they say they're initiating the payment?

    When you get the second email, log in to your account

    There will be a link to Initiate Claim

    Click on it and type in how much you want to withdraw (all of it)

    There are two Accept boxes to tick along with the details of your Linked Account details.

    The BACS issue isn't selectable, it simply transfers as BACS.

    Check both boxes and click Confirm.

    You get another warning (about not being able to log back into your account) and you click confirm again.

    Print the resultant page as proof of your withdrawal.
  • Meadows
    Meadows Posts: 4,530 Forumite
    Mortgage-free Glee! Hung up my suit! Xmas Saver!
    I received my 1st email on 6 Nov and this afternoon, despite not having received my 2nd one, I accessed my Icesave a/c and was allowed to "initiate" both my savings and ISA a/cs. I logged out and was able to login again despite being warned that I would not be able to. I'm now in the position that I don't know whether my money will be moved or not; anyone any ideas?:confused::confused::confused:


    Same with my OH, he has a joint account and his own ISA, we can still access his account, and have so far only received one confirmation email for the claim.
    Everything has its beauty but not everyone sees it.
  • So who do you trust luckylizard? I've found this site very useful and its only you who makes the final decision as to where you put your money.

    Happy hunting for the safe place to put your dosh. If you do find it maybe you could let us all know!! :rotfl:
  • Just logged on to find 2nd email had been delievered at 1204, just initiated all three claims :)
    'We are all in the gutter, but some of us are looking at the stars' - Oscar Wilde
  • blizeH
    blizeH Posts: 1,401 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    That's fantastic, thank you very much guys :)

    /requests ISA moneys
  • I received my 1st email on 6 Nov and this afternoon, despite not having received my 2nd one, I accessed my Icesave a/c and was allowed to "initiate" both my savings and ISA a/cs. I logged out and was able to login again despite being warned that I would not be able to. I'm now in the position that I don't know whether my money will be moved or not; anyone any ideas?:confused::confused::confused:
    Same here I can still log back into icesave account and it looks like I could go all through the initiate claim procedure again although I logged back out before it went that far. I have printed off the claim confirmation page but have not had an email confirming my claim yet.
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