A&L ISA Transfer complete... but not without questions

Sillychuckie · 17 May 2006 at 6:08PM

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.

Sillychuckie · 17 May 2006 at 8:06PM

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.

codetown · 18 May 2006 at 2:48AM

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.