Nationwide ISA Instant Saver- Can't deposit- help

bowlhead99

dodomoney wrote: »

not asking for sympathy buddy just requesting the Learned Elders of Forum stop and digest the content of my question rather than immediately assuming we need to start at NISA for Dummies Page 1.

If you don't need the learned elders to teach you how ISAs work because you know how ISAs work, can you explain how you came to think that if you had put £12k of new subscriptions with Nationwide in the current tax year, you might also be able to put £3k into a cash ISA with another cash ISA provider such as Santander or Halifax, as you proposed in your original post?

Because as you would know, without a crash course education from the learned elders because you already know how to suck eggs, you are not allowed to put current year money into cash ISAs with more than one cash ISA provider during the tax year unless you have first transferred out from the first to the second. As a transfer from Nationwide to Halifax or Santander within zero business days, - notwithstanding the fact that Nationwide's system wasn't playing ball anyway - is not feasible, this couldn't possibly work. The fact that you thought it might, implied you did not understand the ISA rules.

If anybody wants to tell me what the N in NISA stands for, please feel free. I'll swoon with admiration of such knowledge :rotfl:

N for New. Good to hear your serious illness did not affect your humour glands.

The way to use your last £3k of ISA allowance this year was simply to open a S&S ISA by debit card payment to any one of the large number of brokers and investment platforms who were heavily advertising as being open for business today. Then on Tuesday when banks and building societies are open for business, you could have transferred that £3k to Nationwide, Halifax, Santander or any other cash ISA provider who wanted your business.

I didn't mention this 20 minutes ago when you would still have had chance to do it with Charles Stanley, Hargreaves Lansdown,TD Direct, etc etc etc etc , because you seemed to know all about how to use ISAs and it was therefore reasonable to assume you had considered and rejected the idea of doing that.

Happy new year. :rotfl:

Moneyshow15

beansy wrote: »

Hi
I had a problem transferring some last minute funds from my existing NW current account into my 2014/15 NISA before the deadline this evening and when I telephoned through to see if there was a problem they read a script out to me which basically said that there was a technical problem with their ISA accounts and they would be contacting everyone who had tried to transfer/deposit funds into their NISA account this evening without success to arrange for their deposit to be made into today's tax year and if any loss of interest occurred they would make up the shortfall. Sounds like a lot of people were trying to make last minute deposits and it crashed the system!!! LOL.

Snap, That's what happened with me although it's all my own fault that I (nearly) missed out. For example the Barclays deadline was 11pm last night, which I will know for next year.

Some NW users may have also received false automated account closure requests as emails to their message system, depending on what kind of bug or error was going on when they were trying to open the account. If they say they're going to try to contact everyone it's still worth a message stating that you were trying to open and not close an account at the time!

dodomoney

bowlhead99 wrote: »

If you don't need the learned elders to teach you how ISAs work because you know how ISAs work, can you explain how you came to think that if you had put £12k of new subscriptions with Nationwide in the current tax year, you might also be able to put £3k into a cash ISA with another cash ISA provider such as Santander or Halifax, as you proposed in your original post?

Because as you would know, without a crash course education from the learned elders because you already know how to suck eggs, you are not allowed to put current year money into cash ISAs with more than one cash ISA provider during the tax year unless you have first transferred out from the first to the second. As a transfer from Nationwide to Halifax or Santander within zero business days, - notwithstanding the fact that Nationwide's system wasn't playing ball anyway - is not feasible, this couldn't possibly work. The fact that you thought it might, implied you did not understand the ISA rules.


N for New. Good to hear your serious illness did not affect your humour glands.

The way to use your last £3k of ISA allowance this year was simply to open a S&S ISA by debit card payment to any one of the large number of brokers and investment platforms who were heavily advertising as being open for business today. Then on Tuesday when banks and building societies are open for business, you could have transferred that £3k to Nationwide, Halifax, Santander or any other cash ISA provider who wanted your business.

I didn't mention this 20 minutes ago when you would still have had chance to do it with Charles Stanley, Hargreaves Lansdown,TD Direct, etc etc etc etc , because you seemed to know all about how to use ISAs and it was therefore reasonable to assume you had considered and rejected the idea of doing that.

Happy new year. :rotfl:

whilst your typed that up I was on't blower to nationwide and they'll be transferring the money for us. Didnt get to the end of what yer wrote as it got a bit stale an' the issue is now resolved but I'm sure ya wrote sumink crackin. Treat yerself to a toffee apple. Tarr'ar x

dodomoney

Moneyshow15 wrote: »

Snap, That's what happened with me although it's all my own fault that I (nearly) missed out. For example the Barclays deadline was 11pm last night, which I will know for next year.

Some NW users may have also received false automated account closure requests as emails to their message system, depending on what kind of bug or error was going on when they were trying to open the account. If they say they're going to try to contact everyone it's still worth a message stating that you were trying to open and not close an account at the time!

its going to take them a lonnnng time to contact everyone but good luck to em. I've just emailed them the amount I need transferring and took a screenshot of the error page.

colsten

dodomoney wrote: »

somebody chipped in "theres no deadline date. ever. ever ever ever just keep throwin them £s in there bro"

What they said is that there is no deadline for ISA transfers. As somebody who knows so much about ISAs, I am sure you know what an ISA transfer is, and how it differs from an ISA subscription. And you will also know that Nationwide are one of the few ISA providers that lets you split your annual allowance across more than one of their products but that this is still considered as a single ISA.

But perhaps there is such a thing as a NISA that works totally different to how ISAs work and I just don't know about it?

beansy

Moneyshow15 wrote: »

Snap, That's what happened with me although it's all my own fault that I (nearly) missed out. For example the Barclays deadline was 11pm last night, which I will know for next year.

Some NW users may have also received false automated account closure requests as emails to their message system, depending on what kind of bug or error was going on when they were trying to open the account. If they say they're going to try to contact everyone it's still worth a message stating that you were trying to open and not close an account at the time!

Thanks

I've just phoned NW and they said it won't be a problem and I can pop into my local branch and they will do the transfer for me.

:T