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ISA transfer

letsbehonest · 2012-05-08 13:25:15

Hi. I have taken Martins advice and changed ISA providers, My Q why does it take so long to transfer from one provider to another I have been quoted 15 day's by Santander that's 15 day's I am not earning any interest. Electronic banking!! what are they using crippled pigeon's to communicate with?

Comments

Mikeyorks Posts: 10,377 Forumite

9 May 2012 at 10:30PM

lisyloo wrote: »

Can anyone confirm what day 1 is,

Date of receipt by the new ISA manager :-

HMRC_guidance wrote:

Cash ISA to cash ISA transfers must take place within 15 business days of the transfer instruction being received by the new ISA manager, unless the investor stipulates that the 15 days starts on a later date.

If you want to test the depth of the water .........don't use both feet !
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