Which form when transferring TO Nationwide?

evenasus

When I transferred in to Nationwide, I filled in both forms.

If you don't fill in SF215, how do they know which ISA account you want it transferred into?

SF216 is for the ISA you want to transfer to them and SF215 tells them which ISA you want it to be transferred into.

torchie

SF215 is to transfer into an ISA that you have not opened with them yet. i.e. a combined application and transfer.

SF 216 is simply to bring money into Nationwide from other providers where the Nationwide ISA is already up and running. They will know which ISA to transfer it into because at the head of the form is a box to put your existing ISA number.

They only provide one SF215 in the pack as in theory you would only be opening one ISA. Two SF216s are provided as many people will be transferring in from more than one provider - I filled in four SF216s yesterday to transfer in from four different banks and building societies.

Hope that helps.

evenasus

torchie wrote: »

SF 216 is simply to bring money into Nationwide from other providers where the Nationwide ISA is already up and running. They will know which ISA to transfer it into because at the head of the form is a box to put your existing ISA number

That is for 'Office use only'.

According to Nationwide, you are required to fill in both forms.

Nine_Lives

evenasus - that was my thoughts exactly when she told me. How could one form operate without the other? On one you don't know where you're pulling the money from & on the other you don't know where it's being sent to, so you surely need both of them for the whole process to work.

It wouldn't be the first time a bank employee has messed up though.

innovate

Nine_Lives wrote: »

It wouldn't be the first time a bank employee has messed up though.

Or a customer.

torchie

As Nine Lives has said, they only want an SF215 if you are a new applicant. If you already have an ISA with them and that is the account you want the transfer creditted to then only the SF216 is required. Maybe there are crossed-wires between some branches and Head Office. The customer should fill in SF216 and put their existing ISA account number in the box at the top - it is marked for office use only as it was intended that these would always be submitted in branch - hence the absence of a return envelope as someone has already mentioned on this or the other thread.

DragonQ

Just fill out both, that's what I did and everything went fine (on Nationwide's end anyway...can't say the same for Santander :mad:).

evenasus

Nine_Lives wrote: »

evenasus - that was my thoughts exactly when she told me. How could one form operate without the other? On one you don't know where you're pulling the money from & on the other you don't know where it's being sent to, so you surely need both of them for the whole process to work.

It wouldn't be the first time a bank employee has messed up though.

You're right there!

typistretired

I took mine into the branch on Tuesday and it was checked and both forms were sent off to head office. They need SF216 to let them know which account you want to pay it into, you give them the account number or request a new account to be opened. SF215 is sent to the current provider of your isa so they need these details. They give 2 as you have to complete a separate form for each transfer. There is also a form SF106 in the pack which is an application for a cash isa.

One year by mistake instead of putting my account number in I filled in the isa product details boxes so I ended up with a lower paying isa. Nationwide were very efficient when I contacted them and moved my isa into my existing isa backdating the date of receipt so I didn't lose any interest.

Nine_Lives

DragonQ wrote: »

Just fill out both, that's what I did .

She did fill out both. They shredded the other & only took one as they said they didn't need both.

torchie wrote: »

If you already have an ISA with them and that is the account you want the transfer creditted to then only the SF216 is required..

Here's a question for you then .....

Picture this potential scenario....
http://www.nationwide.co.uk/isas/compare-isas/default.htm
She has a "Web ISA Issue 3" with old money in it.
She also has a "Flexclusive ISA" with current money in it.

She wants to bring in this ISA money from Santander and she wants it to go to the Flexclusive ISA.

Without BOTH forms, how on earth do Nationwide know where to direct it?


Now i know she only actually has one ISA with them in reality, but if she didn't....? Surely she needs both parts, which makes me wonder why Nationwide shredded the other part.