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cash isa transfer
tattiescone
Posts: 3 Newbie
howdey all,
I have already used up my 08/09 cash isa allowance,but want to transfer to a new provider.Most providers require a minimium amount to open a new a/c. If i open a new a/c does the balance transfer count towards the opening amount of the new a/c?
hope this makes sense.
I have already used up my 08/09 cash isa allowance,but want to transfer to a new provider.Most providers require a minimium amount to open a new a/c. If i open a new a/c does the balance transfer count towards the opening amount of the new a/c?
hope this makes sense.
0
Comments
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yes it does, transferred my ybs isa to halifax fixed 3.0% they opened account with a nominal value of a £1 to create a ref number. Money takes up to 60 days to transfer to new isa. from april 6th i can still put money into new account even if previous isa has not moved over.
Hope this helps.Mortgage Start jun 2007 £88500 Outstanding Balance £51000
Overpayments 2007 Nil 2008 £1040 2009 £7853 2010 £10000 2011 aiming for £18000 (6k so far)
The Early Bird Gets the Worm, but the Second Mouse Gets the Cheese!!0 -
littlemrtinkle wrote: »yes it does, transferred my ybs isa to halifax fixed 3.0% they opened account with a nominal value of a £1 to create a ref number. Money takes up to 60 days to transfer to new isa. from april 6th i can still put money into new account even if previous isa has not moved over.
Hope this helps.
nice one,appreciate your help.0 -
Remember to sign the form at the new provider and they will arrange the transferKeep the Faith:cool:0
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