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What happens to my ISA if I switch my current account?
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Edinns
Posts: 7 Forumite
Hi there,
I'm looking to switch my current account to another bank. However I have an help to buy ISA with my current bank. What will happen to it? Will it just stay where it is and i'll have full access to it? Will it be transferred over too?
Really struggling to find this information anywhere
Thanks
I'm looking to switch my current account to another bank. However I have an help to buy ISA with my current bank. What will happen to it? Will it just stay where it is and i'll have full access to it? Will it be transferred over too?
Really struggling to find this information anywhere

Thanks
0
Comments
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It depends. Does your ISA pre-req a current account? E.g. how can you withdraw money from your ISA? You can simply open a second current account with the same provider if necessary.
No ISA or other account will be transferred if you transfer a given current account.0 -
It happened to me last year: the current account got switched and closed, but the savings account did not, and it's still there today.0
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It depends. Does your ISA pre-req a current account? E.g. how can you withdraw money from your ISA? You can simply open a second current account with the same provider if necessary.
No ISA or other account will be transferred if you transfer a given current account.
It's a help to buy ISA, how would I find this out? I can transfer money from the ISA when I want to another account with no penalty.concernedSaver wrote: »It happened to me last year: the current account got switched and closed, but the savings account did not, and it's still there today.
So how do you access it? Can you access it? This is what I'm worried about.0 -
Perhaps it might be worth asking your bank as they will be the ones most able to tell you.urs sinserly,
~~joosy jeezus~~0 -
Why would they automatically switch your savings account or ISA to your new bank if you switch your current account.
Clearly some providers - like Nationwide with their flexclusive ISA or regular saver – have special products that require you to have a current account. But they would presumably close these and move them to another savings account with them (or ask you first) rather than transfer the sums saved to your new bank?0 -
OP, which bank do you hold your Help to Buy ISA?
If you switch your bank account that is the only accoutn that is switched they have no other access or knowledge of any other account your hold other then the one you are switching, (the account number and sort code) you put on the the transfer form, or verbally if switching over the phone.
I dont know of any H2B ISA's where you have to have a current account to open one, or use only one account to fund it.
Regular savers yes (Santander and N/Wide) both require you to hold and fund your account via a bank account, but never a ISA.
Remember you can have an ISA at 16 but an adult account at 18 so would be difficult for those people who fall in this gap, and only have children's savings accounts till they have their first account at 18..I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0 -
It's a help to buy ISA, how would I find this out? I can transfer money from the ISA when I want to another account with no penalty.
So how do you access it? Can you access it? This is what I'm worried about.
Depends on what bank your H2B Isa is with you may have online access to your ISA, or you have paperwork with the details of the sort code and account number where you then have to into your local branch to close it when you have found a property.
Or fund it by standing orders you have no requirement to visit a branch as this is done online, from your bank account..
With more information I can try to be more specific for you...
Westie983I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%£2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%Total £4095.19/£7332.95 = 55.84%0
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