Transfer to natwest e-ISA

p00hsticks

i've successfully managed to open an e-ISA, and have just mailed back the slip to move this years allowance in. however, I also want to transfer money across from another ISA. I've tried to complete the form online ready to print off and take to a branch, but am having a problem because the form only allows a six-digit sort code and eight digit/character account number for the ISA to be transferred.

My existing ISA is with a building society (Nationwide) and although there is a sort code and eight digit bank account inside the passbook they're both obviously standard to the product, not personal to me. My personal 'account number / reference ' is of the form 9999/999 999 999 which is too long to go on the form. Anyone else had this problem and if so how did you get round it ? You can't leave the account number blank - I did think of putting something like 'SEE NOTE' in the field and then writing the account number on after I had printed the form off, but I'm not sure if this would cause a problem ......

TickTock

Hi - I wonder if someone can help me on this. I have an existing ISA with about £400 in it from last year (with Alliance and Leicester).

I want to transfer this into the Natwest e-ISA as it's the best interest I can get on it.

Because I have opened the e-ISA this year, (which I am about to do), do I have to save this years allowance in the e-ISA also or can I open another (with better interest) to put new savings into?

It's all pretty new to me!

Thanks

mannycal

I have about £8000 in a Natwest cash ISA (1%). I have gone through the online application to open an E-ISA, which has now appeared on my online banking list. I filled in the transfer form and took it to my branch. The 'ISA expert' at Natwest told me that they could only transfer £3600 of my old ISA as "that is the full allowance", and I could pay no more in this year.

I'm sure they are wrong? Can anyone confirm, and give advice what I should do?

Thanks.

bagsacash

I'm not sure about the isa rules but I know many of Natwest staff are ill informed about their products so the best thing to do is give them a call and get verification

Tel: 0131 5568555 - and ask them to put you through to your branch

Baldur

mannycal wrote: »

I have about £8000 in a Natwest cash ISA (1%). I have gone through the online application to open an E-ISA, which has now appeared on my online banking list. I filled in the transfer form and took it to my branch. The 'ISA expert' at Natwest told me that they could only transfer £3600 of my old ISA as "that is the full allowance", and I could pay no more in this year.

I'm sure they are wrong? Can anyone confirm, and give advice what I should do?

The information that you have received is rubbish, as far as HMRC guidelines are concerned - the full balance of your Cash ISA can be transferred at any time to any provider that accepts transfers. ISA transfers have no relevance as far as your current tax year's allowance of £3,600 is concerned.

If Natwest don't want your transfer, vote with your feet and transfer to a provider that does, and that will permit you to add your full 2009/10 allowance.

alared

Has anyone actually managed to tranfer an existing ISA from another provider to a Natwest E ISA, and how long did the transfer take.

alanwsg

PotatoPotato wrote: »

Hey Alanwsg, what address did you post your transfer form? or did you hand it to a branch?

I sent it to the address on the form ....

Central Tax Unit,
9th Floor,
1 Hardman Boulevard,
Manchester,
M3 3AQ

Father_Christmas

p00hsticks wrote: »

i've successfully managed to open an e-ISA, and have just mailed back the slip to move this years allowance in. however, I also want to transfer money across from another ISA. I've tried to complete the form online ready to print off and take to a branch, but am having a problem because the form only allows a six-digit sort code and eight digit/character account number for the ISA to be transferred.

My existing ISA is with a building society (Nationwide) and although there is a sort code and eight digit bank account inside the passbook they're both obviously standard to the product, not personal to me. My personal 'account number / reference ' is of the form 9999/999 999 999 which is too long to go on the form. Anyone else had this problem and if so how did you get round it ? You can't leave the account number blank - I did think of putting something like 'SEE NOTE' in the field and then writing the account number on after I had printed the form off, but I'm not sure if this would cause a problem ......

had this problem, printed my form off and took it to a branch where they added the 13 digit number underneath the account number.

PotatoPotato

alanwsg wrote: »

I sent it to the address on the form ....

Central Tax Unit,
9th Floor,
1 Hardman Boulevard,
Manchester,
M3 3AQ

I sent mine there too, i just put it in the post box on 6th...
i guess i'll keep on waiting.

Thanks

AntiLochus

^^^^

Me too - still waiting for the transfer to be actioned....sent the form off at the beginning of April