ISA Transfer

Mr_ChriZ

I've been slowly accruing an ISA over the past few years which is now sat with C&G.

This year I used my entire new allowance to open a new ISA with Santander.

I'd now like to transfer my 16K C&G ISA over to somewhere else. Halifax looks good. However to open the Halifax account it says I must fund it with £1.

If I've used my entire allowance then presumably I can't do that.
Is £1 really going to stop me doing this? Is there another way?!

Cheers
Chris

McKneff

Yes, £1 is going to stop you Im afraid, you cant put new money into another iSA this year.

You'll have to look around for an ISA that you dont have to fund initially

McKneff

Why not just add it to the Santander one you have just opened.

Lokolo

The Halifax system does say it wants £1 deposit, but you can actually ignore this. Open it and it'll have £0 in it. Then just fill in a transfer form.

http://www.halifax.co.uk/savings/accounts/cash-isas/transfer-your-isa/

Mr_ChriZ

McKneff wrote: »

Why not just add it to the Santander one you have just opened.

From what I remember the account I opened didn't accept transfers

Mr_ChriZ

Lokolo wrote: »

The Halifax system does say it wants £1 deposit, but you can actually ignore this. Open it and it'll have £0 in it. Then just fill in a transfer form.
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Useful to know - That's great thanks!

DragonQ

Yep the Halifax ISA will accept transfers in without any deposit regardless of what it says on their website. You should do it in-branch if you can though, the online process is awfully slow and/or useless.