Portman ISAs: £30 transfer fee gone?

will-in-estoril

Until its merger with Nationwide, Portman was charging its customers a £30 transfer fee to transfer ISAs to another provider?

Can anyone confirm that post merger this fee is no longer levied?

MattB_4

There was some mention of this elsewhere. I was going to find out but totally forgot! Will speak to some people tomorrow. In my mind it's a question of it being part of the product or just a blanket admin fee (if you can see the difference). Hopefully the latter.

bristolleedsfan

will-in-estoril wrote: »

Until its merger with Nationwide, Portman was charging its customers a £30 transfer fee to transfer ISAs to another provider?

Can anyone confirm that post merger this fee is no longer levied?

theres a period of either 30 days or 60 days ( i believe its the latter) following merger completion where funds can be moved out of all former portman accounts including isas both fee and notice period free)

matthew57

It's 60 days following the effective date,which was 28 August.

will-in-estoril

It's time to switch!

bristolleedsfan

will-in-estoril wrote: »

It's time to switch!

yip my apps to new providers were received by them on 28th august

Darth_Calculus

If you dont mind me asking, which ISA have you gone for Bristolleedsfan?

I am looking through them at the moment. It is quite annoying finding one you like, then realising they dont accept transfers in. Grrrr :mad:

Kazza242

Darth_Calculus wrote: »

If you dont mind me asking, which ISA have you gone for Bristolleedsfan?

I am looking through them at the moment. It is quite annoying finding one you like, then realising they dont accept transfers in. Grrrr :mad:

Check out the thread: Mini Cash ISAs: The Best Currently Available List.

You will find a section on ISAs (variable rate and fixed) that accept transfers in, as well as links to Moneyfacts' and Moneysupermarket's ISA search facilities.

Darth_Calculus

Awesome, thanks Kazza.

I think I will go for the Kent Reliance one. I only have £6,000 (plus interest) to transfer from the Portman, so would not be eligable for the Ruffler Bank one.

Also, I think that Kent are one of the mutuals, so might be worth having some cash stored with them.

Would rather go for variable vs fixed, as I am hawkish on IRs, and the differential between the best variable, and best fixed is virtually nothing.

Would still be interested to know which ISA Bristolleedsfan went for, if he/she cares to divulge! :beer:

Thanks.