Icesave- ISA

musicman100

Hi,

I might have missed this but I have an ISA with icesave. I have had the 1st e-mail but not the second. But my question is how do I get my money out because I didn't have a linked account unless they mean the account I transferred the isa from?? BUT that was an isa account which is now closed. Will we be given an option to put the account details when I ask for the transfer??

Thanks

Nigel

agsnu

You'll probably have to use the paper-based application process. Contact the FSCS.

blizeH

Hang on, I'm confused now - I thought the emails being sent out now were for those who have a regular or fixed term account, and then there will be a separate process in the future for ISAs?

musicman100

I hope I don't have to claim manually they say 6 WEEKS for the claim to be process even more interest lost!!

Baldur

blizeH wrote: »

Hang on, I'm confused now - I thought the emails being sent out now were for those who have a regular or fixed term account, and then there will be a separate process in the future for ISAs?

See the 1st e-mail:

3. For ISA holders, the same process will apply as for instant access account holders. An ISA certificate will follow by post to allow you to reinvest that sum in an ISA with another provider. The money you held in your ISA will not lose its tax-free status if you reinvest by 5 April 2009. You should receive your ISA certificate within 2 weeks of claiming compensation using the electronic process and you will have to give this certificate to your new ISA provider when you open your ISA with them. You should ask for an ISA transfer form from your new ISA provider.

KingL

musicman100 wrote: »

I hope I don't have to claim manually they say 6 WEEKS for the claim to be process even more interest lost!!

I'm pretty sure I have seen them quoted as saying that those without linked accounts will have to go the paper route.

SGE1

Yes, I think that's what's stated in the 1st email... If you don't have a linked account (ie an account you used for making payments to the ISA), you have to do the manual process.

musicman100

Hi,

Just spoken to the FSCS and because I have no linked account I will have to apply with the manual forms!! And they will not be sent out until 5th December!1 I asked why they could not be sent out now but no they will not be ready until December so no money until January if I am lucky!!!. I think that is a bit unfair just because I have no linked account I have no interest for another 2 months!! Why can't you put details of a bank account when you log in to your account.

KingL

Security and/or money laundering regulations, presumably.

blizeH

Many thanks guys, I didn't realise that!

/sits and F5s e-mail hoping for something from Icesave

So, when I finally get the e-mail, I can initiate the payout of my savings account back to my linked bank account, and then at the same time request a form for my ISA? Or is it all part of one process, so as soon as I request the money, it'll automatically flag my account as needing an ISA certificate?

Thanks

gecko

Hi blizeH,

You don't need to request the ISA form it will be sent to you within 2 weeks of the initiation of the claim (they know you have/had an ISA).