whats the quickest way to get money into my abbey postal isa

davidcampbell

Seems a bit odd that they'd only allow postal requests for a BACS transfer to be done - I suppose it means you can't try paying more than £3000 in a year

yeah i have to say i find it odd too. while the point is higher interest for postal transactions, no work is involved in having a bacs payment in. if you get away with it, why not!!

Are we likely to hit problems with Abbey in future, even sticking to the correct subscription limits?

its possible someone might realise that bacs'ing has hapened on your account and send back any future ones but to be honest i doubt it. more trouble than its worth really.

It's a Postal ISA I have, opened in May 2003 so not quite 2 years but almost! At the time base rates were 3.75% and the Postal ISA was 4.3% on the top interest tier so was the best around.

The single good rate on all balances came along 12 months later, just as I was thinking of transferring to Intelligent Finance - glad I didn't!

i stand corrected. sorry jim. must be thinking of something else but i was sure we'd only launched p.isa last summer. maybe i only noticed it last summer with the rate increase.



DC

jimclark1967

davidcampbell wrote:

its possible someone might realise that bacs'ing has hapened on your account and send back any future ones but to be honest i doubt it. more trouble than its worth really.
DC

That's good then, because I did another one on 6th April

p3gg

davidcampbell wrote:

postal isa should only allow either postal deposits by cheque or postal requests for bacs payments to be done.

is this what you guys mean you are doing?

or are you just bacs' ing it over directly?DC

BACS-ing directly here!

blinko

i just bacs it over directly via my online account !! and i havent heard anything yet !!!

sly_dog_jonah

If you don't have Internet banking, how can you find out whether the BACS transfer has arrived safe and sound? Do you have to wait until the next statement arrives? Do they send an acknowledgement once your full 3k allowance has been used?

On a similar note, is it possible to register for Abbey internet banking if you only have a postal ISA account? The website seems to reckon not, but I was wondering if anyone had got around that? ?

jimclark1967

sly_dog_jonah wrote:

If you don't have Internet banking, how can you find out whether the BACS transfer has arrived safe and sound? Do you have to wait until the next statement arrives? Do they send an acknowledgement once your full 3k allowance has been used?

On a similar note, is it possible to register for Abbey internet banking if you only have a postal ISA account? The website seems to reckon not, but I was wondering if anyone had got around that? ?

That's the only problem with BACSing it. You won't get any confirmation until your 6 monthly statement arrives - so make sure you type in the sort code and account number correctly!!

Walshy

You can give them a call to check your balance on: 0141 565 7361

blinko

just checked today and it went in !!

davidcampbell

sly_dog_jonah wrote:

On a similar note, is it possible to register for Abbey internet banking if you only have a postal ISA account? The website seems to reckon not, but I was wondering if anyone had got around that? ?

no sorry. only abbey accounts that have a card option can be registered for online banking.

bank account
flexible saver
instant saver
direct saver
easy isa
credit card

cant think of any more. (flexi mortgage can be linked too)

DC