Interactive Investor to iWeb S&S ISA Transfer - Positive Experience

deltrotter

Hi everyone

With trepidation I kicked off an ISA transfer from Interactive Investor to iWeb on Saturday.

Three tracker ETFs in total.

Just received notification that the transfer has completed and confirmed it by signing in.

I can not complain at all. When starting the transfer it did say that ii to iWeb would be mostly automated. Only thing I had to do was print off and sign a form and post it to iWeb.

My reason was transferring is that over the next 10 years I would pay £1200 total in monthly fees to ii and £0 to iWeb. Transaction charges would like be £0 with ii but I'd estimate £60 (one trade per year) with iWeb.

Cheers

Del

Doctor_Who

Good to hear something positive about financial institutions for a change 

Hal17

Well done, good job you weren't dealing with Vanguard. 

deltrotter

Agree with your comments guys, hence why I said trepidation to start my post.

I really could not fault it!

WrS

deltrotter said:

When starting the transfer it did say that ii to iWeb would be mostly automated. Only thing I had to do was print off and sign a form and post it to iWeb.

Thanks OP for sharing your recent expereince. I have started a transfer this thursday from AJ Bell to iWeb and would see how long does it take.

One thing to mention, when i started the transfer a pop up message did say that it will be all electronic and that i don't have to post a signed form to iWeb (probably the same for you when you initiated your transfer). Despite that in the end it does ask to print and post the form. I called and double checked with iWeb and they said that posting the form to them is not required.

Regards,
WrS

deltrotter

Thanks @WrS, I should have got in touch with them to ask. Instead I filled out the form and posted it back.

Can you post here when your transfer is complete?