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A&L ISA Transfer complete... but not without questions
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Sillychuckie
Posts: 1,210 Forumite
Hurrah, at last... my Abbey ISA funds have reached my A&L account.
Abbey received my ISA request on 03-May-06, and it has at long last reached my A&L account (onine banking) on 17-May-06.
Fortunately, A&L have back dated it, so it shows on my statement as being deposited on 08-May-06, meaning I have lost 5 days interest only.
I say only, but it is still a fair amount.
Still, not much I can do about that.
Anyway, the interest on my Abbey ISA was always paid into a separate current account (barclays one, not that it is relevant to the question). What this meant is that on the 3rd-May-06 when Abbey closed my ISA, they paid me any final interest owed (into Barc acc't).
My question is this...
The funds that have entered my A&L account as a result of the transfer, is greater than the final balance within the Abbey ISA I transferred it from.
There is a £6.27 difference, in my favour. Where might this money have come from (not that I'm complaining)... ?
Abbey would have no reason to add it, and I'd have thought A&L would hold off any interest payments until much later on. It is paid annually, is it not? (A&L ISA Issue2).
Cheers.
Abbey received my ISA request on 03-May-06, and it has at long last reached my A&L account (onine banking) on 17-May-06.
Fortunately, A&L have back dated it, so it shows on my statement as being deposited on 08-May-06, meaning I have lost 5 days interest only.
I say only, but it is still a fair amount.
Still, not much I can do about that.Anyway, the interest on my Abbey ISA was always paid into a separate current account (barclays one, not that it is relevant to the question). What this meant is that on the 3rd-May-06 when Abbey closed my ISA, they paid me any final interest owed (into Barc acc't).
My question is this...
The funds that have entered my A&L account as a result of the transfer, is greater than the final balance within the Abbey ISA I transferred it from.
There is a £6.27 difference, in my favour. Where might this money have come from (not that I'm complaining)... ?
Abbey would have no reason to add it, and I'd have thought A&L would hold off any interest payments until much later on. It is paid annually, is it not? (A&L ISA Issue2).
Cheers.
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Comments
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Oops. If a mod could move this to the correct location,
"ISAs, Toisas, Peps & Tessas" forum, i'd appreciate it.
Probably won't get an answer here.0 -
What was the original sum? Knowing it we might calculate what the 6 pounds corrispond to. My guess is that the Abbey people did not realise you were getting interest on a different account when they closed the ISA and so they sent the ISA+interest to the new provider, regardless of some extra interest then being also given to you on the external account.0
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Sillychuckie wrote:Oops. If a mod could move this to the correct location,
"ISAs, Toisas, Peps & Tessas" forum, i'd appreciate it.
moved for you
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Nevermind, really isn't that big an issue. Was just mildly curious.
Someone must have added something to it somewhere along the lines. Lucky me.0
This discussion has been closed.
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