ICESAVE ISA Transfer Certificate from FSCS

LGG_2

certificate came yesterday and opened up an isa at natwest. finally everything is done and dusted although i havnt got round to throwing out all my icesave paper work yet. could it be worth something in years to come lol j/k

TattyBear

Got my ISA certificate today. Will be off to Natwest as soon as I've got all my money together. :T At least I'll get 5% for a bit.

Artysan

Got my FSCS certificate this Friday, not an impressive bit of paper but was delighted (and relieved) to get it. Had an appointment with BoS on Thursday but they werent interested without the certificate. Got it to late to go to bank on Friday, will go Monday.
Had also considered Scottish Widows at 4.6% (variable). Best fixed rate (1yr) I could find with Internet access (need Net access for various reasons) was Bank of Scotland's "Fixed Rate Halifax ISA Saver" at 5% which went to 4% at last interest plunge, er drop. Hopefully get it all done this week before any more drops or I'd be better keeping it in a shoebox under the bed

jacky_horn

We got our money back and after nearly 2 weeks got the certificates. Decided to go to Nat West ISA, but they wouldn't entertain us till we had the certificate and the money must stay in out current account for them to remove. Filled in all forms with them yesterday. Money has been in our current account 2 weeks now and likely to be there for another 3 till the paper work is done. What is worrying me is that my daughter has been defrauded 3 times in a year from her halifax current account. Someone in America is using a cloned card of hers as we speak. So every day I am anxiously watching the account to make sure the money is still there!!

$nake_eye$

Do you have to send the original certificate, or could i send a photocopy?

cottager

$nake_eye$ wrote: »

Do you have to send the original certificate, or could i send a photocopy?

I'm doing it the other way around -- sending the original, but keeping a couple of photocopies. Whether you have to send the original I'm not sure, but it doesn't seem unreasonable that's what a new provider would require. Otherwise there would be the question of authenticity?

Stompa

cottager wrote: »

I'm doing it the other way around -- sending the original, but keeping a couple of photocopies. Whether you have to send the original I'm not sure, but it doesn't seem unreasonable that's what a new provider would require. Otherwise there would be the question of authenticity?

FWIW when I took my original into a branch, they photocopied it, and gave me the original back.

cottager

Stompa wrote: »

FWIW when I took my original into a branch, they photocopied it, and gave me the original back.

Thanks, good point -- it's just my own personal choice to send by mail (Special Del) back to where the Icesave-specific forms came from, in Halifax's case.

KingL

HMRC guidelines say that the ISA Manager must receive the original

ISA providers wishing to receive deposits from these customers will need to:

• Obtain the original certificate from the individual,....

http://www.hmrc.gov.uk/ISA/bulletin6-2008.htm
Downstream from that the ISA manager can choose to keep an image of the original and let you have the original back if he wants.

harz99

So to properly answer #126; the ISA Manager or his/her agent must have sight of the original certificate, even if he/she keeps a copy and returns the original to the investor.