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Nationwide's Triple Access Online ISA - transfer out?
howryoo
Posts: 222 Forumite
I'm sure it is possible, but could I instruct an external provider to transfer ISA funds out from Nationwide's Triple Access ISA?
The T&Cs on this account seem to suggest that you can only withdraw funds to a Nationwide current account or savings account?
I assume it doesn't affect transfers out?
Has anyone done it recently?
Restrictions on withdrawing money from your account
12. If you make more than three withdrawals, the lower rate of interest will be applied to your account from the date of the fourth withdrawal.
13. You can only withdraw money from your account by sending it to another Nationwide current account or savings account (as long as it’s
possible to make payments into that account).
14. You cannot make the following payments from your account:
• Faster Payments.
• Other types of electronic transfer (including CHAPS
12. If you make more than three withdrawals, the lower rate of interest will be applied to your account from the date of the fourth withdrawal.
13. You can only withdraw money from your account by sending it to another Nationwide current account or savings account (as long as it’s
possible to make payments into that account).
14. You cannot make the following payments from your account:
• Faster Payments.
• Other types of electronic transfer (including CHAPS
0
Comments
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Those instructions are for withdrawing cash so don't apply to transfers, although I would imagine a partial transfer out (if they're allowed) would count as a withdrawal when it comes to the interest rate on that account.
You'll have to submit transfer instructions to the new ISA provider, just like you would for any ISA transfer.1
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