Shawbrook Bank transfer issue

fourmarks

Before taking your money out of its tax free bubble ( you talk of tens of thousands of pounds) have you considered opening an ISA with a different 'bank' and transferring your Shawbrook ISA to them. You can then, if you don't care for the interest rate they supply, transfer it on to YBS. It would at least answer whether Shawbrook or YBS are at fault. 

Alternatively, as previously suggested, you could buy a tractor.  Perhaps a nice green one.

fourmarks

My apologies to Grubby_Girl2, I now see you have already made my above suggestion. Mea culpa.

TheBanker

subjecttocontract said:

There is a sense of 'blame the complainer' on this and other threads on the MSE Forum which leaves a bad smell. As someone who has had lots of problems transferring cash ISAs I can empathise with the stress this causes. He is perfectly entitled to express his frustration. Let's hope it can be resolved asap.

I'm not blaming the complainer, but I do think they're over reacting. You may not have realised the thread was originally titled 'Are Shawbrook going bust?'

My point was that Shawbrook process lots of ISA transfers. Mine went through without a problem. I assume most do otherwise we would see many more posts on here complaining. So rather than assuming there's some kind of systemic issue with Shawbrook, the OP needs to focus on what needs to be done to fix the problem. Clearly there has been some kind of admin !!!!!! up somewhere - could be the OP's error, his wife's error, Shawbrook's error or YBS's error. Ultimately though the way to fix it is to double check all the details YBS submitted, then ask them to submit a new transfer request to Shawbrook. If the original one has been cancelled by one party or the other I think this is the only way it can be sorted out. 

born_again

Unless the OP's wife went through security with either party (unless Op has POA & it is noted with both parties) 1st & then gave permission for them to speak to them. Then maybe the reason is neither will action it, as they may feel this is financial abuse.

I know as far as we go. Unless ACC holder gives permission, nothing should be discussed about any account that is not a joint one, with the other party.

newatc

Similar to OP, I handle all my wife's accounts. I try to avoid small banks with her accounts because of the extra difficulties telephoning involves. That said over the years we have had to contact banks over accounts and this involves her passing the security questions and giving permission . We actually failed on one occasion because my wife didn't know the answer (about a prior transaction) and the customer service rep heard me telling her! 
So it could be , perhaps not likely, that is causing some issue.