Halifax ISA Saver Direct

MiserlyMonkey

Hello all, this is a note of caution for anyone planning to open a Halifax ISA Saver Direct.

This ISA transfer service has so far taken six weeks and counting. That's fair enough but what annoys me is that when I do finally get my money into the account the only way to access it is to transfer electronically to another Bank of Scotland account :mad: I now have to apply for a Halifax current account and transfer at least £100 into it before they will issue a card to withdraw cash from my ISA via the current account. I don't remember reading that in the conditions when I applied. Maybe I missed it but I wish I hadn't bothered now, especially as they dropped their interest rate before I even had a chance to put money into it. Oh well, you live and learn.

YorkshireBoy

MiserlyMonkey wrote:

...what annoys me is that when I do finally get my money into the account the only way to access it is to transfer electronically to another Bank of Scotland account

Is this an assumption, or have you been (incorrectly) told this by Halifax?

You can ask them (by telephone) to transfer your money to any external account.

MiserlyMonkey

No, not an assumption.

In the Online Accounts, How to Transfer Money section web page it says


With an ISA Saver Direct, you can make the following types of payment:

# Transfers to other accounts with us


and that's it, no other options.
Thanks for the info about transferring by phone. :beer:

surfcat

You could open a halifax websaver (approx 4%, can't remember exact) which allows you to transfer money between it and your isa over the phone or online. From the websaver it can then go to the current account of your choosing. This is how I do it anyway.