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Abandoning unfunded ISA application

Downthedrain

Downthedrain Posts: 152 Forumite

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19 November 2022 at 6:11PM edited 19 November 2022 at 6:11PM in Savings & investments

I applied for a 1 year cash ISA with Aldermore then found an better rate. Is it OK just to let the account expire due to being unfunded, or do I need to do anything? Aldermore has a 'close account' option, but this doesn't work if the balance is zero.

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Comments

Markusskint Posts: 5 Forumite

19 November 2022 at 6:37PM

Does this answer your question?
https://forums.moneysavingexpert.com/discussion/6404405/cash-isa-question#latest

Kind Regards

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eskbanker Posts: 37,748 Forumite

19 November 2022 at 6:38PM

If you didn't pay anything into it then you don't need to do anything and are free to pay into another one instead.

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Downthedrain Posts: 152 Forumite

20 November 2022 at 12:03PM

Thanks for the replies. Out of courtesy I will email them then go ahead with funding my other application.

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