maxi isa charges 22 November 2006 at 12:51PM edited 30 November -1 at 1:00AM in ISAs & Tax-free Savings 2 replies 605 views

pana37

hello i have a halifax maxi isa for many years i havent had any shares in there for a while i requested the a/c to be closed about 4 months ago , now they are sending me a bill for about £60 i expalinedto them i havent used the a/c for at least 4/5 years . they say i still have to pay is ths right?

dunstonh

If you dont cancel a contract, then you are still liable to pay any charges that exist on the contract.

I dont know the specifics of the contract you have though to comment whether they are right or wrong though.

cheerfulcat

Hello, pana,

There is an annual administration charge whether you use the account or not, as long as it is open. I don't think that you have any choice but to pay.