Paid too much into ISA

home_alone

dazeruk wrote: »

Who is the ISA with?

When I transferred my ISA to NatWest, I was forced to open a savings account to go along side it. I was told that any over payments into my ISA would be directed to the savings account.

Same here, seemed to be a sensible thing to do.

MORPH3US

ISA is with First Direct.

MORPH3US

Right guys, just got a reply back from FD:

22/Jan/2010 07:52

To: MORPH3US
Re: Cash ISA

Thank you for your message dated 20-Jan-2010.

We confirm that you can further subscribe XXXX.XX pounds to your ISA *************, the remaining balance will be sent via cheque to your home address.

Please contact us if you require anything further.

Regards
Banking Enquiries

Obviously the new funds haven't hit yet which is why they think I can still credit an amount...

LittleMissAspie

My boyfriend did this, his bank just sent the overpayment back where it came from.

Even if they didn't, you could transfer it out yourself I presume.

MORPH3US

LittleMissAspie wrote: »

Even if they didn't, you could transfer it out yourself I presume.

When I rang the ISA helpline and suggested this he said not to transfer it out... didn't say why but he seemed very certain that was not the way to go....

Having said that, I wasn't very reassured by anything he said to me :cool: