Virgin ISA Transfer form question

wattc

I'm opening a Virgin ISA for 2015/2016. I'm transferring money in from my old, "rate-about-to-crash" Halisux ISA.

On the Virgin transfer form, it has three options, two of which are a bit similar/confusing. What is the difference between these?

1. No notice required for transfer of closure
3. Carry out the transfer as soon as possible etc

In the first one, what does it mean by "transfer of closure"? The Halisux acc is easy access, so no notice needs to be given.

(Form here http://uk.virginmoney.com/virgin/dow...horityform.pdf)

Thanks for your help

Vortigern

1 is for accounts which need no notice, like your Halifax account.
2 and 3 are for accounts where you should give notice, so 2 is to give notice and 3 is don't give notice, just take the penalty.

"Transfer of closure" is a typo, should be "transfer or closure"

wattc

Vortigern wrote: »

"Transfer of closure" is a typo, should be "transfer or closure"

That makes more sense, it must be a typo. Thanks Vortigern

You'd think a bank would check their forms actually make sense :mad: