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Bank of Scotland - Help to Buy ISA
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Gunther_Golf
Posts: 65 Forumite
Hi folks
Just a quick enquiry for anybody who has opened a HTB ISA with BOS - I won't be able to get to a branch today with my query but will pop in tomorrow to double check with them.
As you know the HTB ISA has an initial deposit limit of £1000 however you can place your "first month" maximum deposit of up to £200 in also. When making my initial deposit online i transferred £1200 into the account which it let me do. I'm not quite sure why but i then had an urge to see if a further transfer could be done - I tried £1 which it let me do (i just assumed that it would block any further payment into the account, i was wrong)
It was only when i read back through the T&C's that i realised i should only have made the initial £1000 deposit then set up a Standing Order for the amount i want to place in each month.
Once i realised this i transferred £201 from the HTB ISA back into my current account (to leave the opening balance of £1000) and immediately set up the £200 standing order to commence as of today (05/08/16).
My question is having done what i have done will this penalise me in any way? Probably a daft Q and as i said i will pop to branch which is open tomorrow to be absolutely sure but wondering if anybody has done something equally daft? :rotfl:
Just a quick enquiry for anybody who has opened a HTB ISA with BOS - I won't be able to get to a branch today with my query but will pop in tomorrow to double check with them.
As you know the HTB ISA has an initial deposit limit of £1000 however you can place your "first month" maximum deposit of up to £200 in also. When making my initial deposit online i transferred £1200 into the account which it let me do. I'm not quite sure why but i then had an urge to see if a further transfer could be done - I tried £1 which it let me do (i just assumed that it would block any further payment into the account, i was wrong)
It was only when i read back through the T&C's that i realised i should only have made the initial £1000 deposit then set up a Standing Order for the amount i want to place in each month.
Once i realised this i transferred £201 from the HTB ISA back into my current account (to leave the opening balance of £1000) and immediately set up the £200 standing order to commence as of today (05/08/16).
My question is having done what i have done will this penalise me in any way? Probably a daft Q and as i said i will pop to branch which is open tomorrow to be absolutely sure but wondering if anybody has done something equally daft? :rotfl:
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