cash isa transfer to stocks and shares isa

tel_

Alexland said:

Probably worth making a minimum contribution into the iWeb general account to ensure they don't close it as inactive for a few months.

I take it that's the Share Dealing account then? 

I don't think you can open an account unless it's a S&S ISA, Share Dealing or SIPP account.

Alexland

tel_ said:

Alexland said:

Probably worth making a minimum contribution into the iWeb general account to ensure they don't close it as inactive for a few months.

I take it that's the Share Dealing account then?

Yup sorry different platforms have different names for their unwrapped account.

tel_

Alexland said:

Alexland said: Yup sorry different platforms have different names for their unwrapped account.

No need to apologise.

I'm surprised you remember all the info you know!

Thank you.

notavailable

Alexland said:

Probably worth making a minimum contribution into the iWeb general account to ensure they don't close it as inactive for a few months.

I opened a share dealing account with iweb recently to avoid the account fee increase . They haven't said anything about a minimum balance and I was going to wait until next Spring to open an ISA a/c before I add any funds. Do you think I should add funds now and if I do will I be able to simply transfer them to the ISA a/c later when I am ready to open it ?

Alexland

I just skim read the iWeb terms and couldn't see anything that would cause them to close the account if unused for 4 months but to be safe it's easy enough to pay a tiny amount into their share dealing account which you can withdraw again later after the ISA account is open.

masonic

notavailable said:

Alexland said:

Probably worth making a minimum contribution into the iWeb general account to ensure they don't close it as inactive for a few months.

I opened a share dealing account with iweb recently to avoid the account fee increase . They haven't said anything about a minimum balance and I was going to wait until next Spring to open an ISA a/c before I add any funds. Do you think I should add funds now and if I do will I be able to simply transfer them to the ISA a/c later when I am ready to open it ?

My share dealing account has sat empty a years at a time between uses. I don't think there is any danger of them closing that.

Alexland

Mine has never been used either but I don't think the iWeb systems can cope with a S&S ISA customer without a share dealing account. Still for a customer who doesn't have a S&S ISA who knows?

masonic

Alexland said:

Mine has never been used either but I don't think the iWeb systems can cope with a S&S ISA customer without a share dealing account. Still for a customer who doesn't have a S&S ISA who knows?

Fair point. Although if you've paid £25 for that account, it would be a bit rude!