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Transferring cash ISA from Yorkshire Bank (Virgin) to new Virgin cash ISA
StrikeBack
Posts: 17 Forumite
Does anyone have any experience of the time it takes to transfer a mature Yorkshire Bank ISA to a new Virgin Cash ISA? The old ISA was taken out 3 years ago with Yorkshire Bank which is now part of Virgin. It even uses a Virgin login to access the account.
5 days and counting so far. I'd have thought it would have been almost instantaneous.
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Did you no get an estimate when you started the move ie 14-21 days ?.Google says 2 weeks.0
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What made you think it would have been almost instantaneous?StrikeBack said:Does anyone have any experience of the time it takes to transfer a mature Yorkshire Bank ISA to a new Virgin Cash ISA? The old ISA was taken out 3 years ago with Yorkshire Bank which is now part of Virgin. It even uses a Virgin login to access the account.5 days and counting so far. I'd have thought it would have been almost instantaneous.Mortgage free
Vocational freedom has arrived0 -
Cash ISA to cash ISA transfers must take place 'within 15 business days of the transfer instruction being received by the new ISA manager' according to Gov.uk:StrikeBack said:Does anyone have any experience of the time it takes to transfer a mature Yorkshire Bank ISA to a new Virgin Cash ISA? The old ISA was taken out 3 years ago with Yorkshire Bank which is now part of Virgin. It even uses a Virgin login to access the account.5 days and counting so far. I'd have thought it would have been almost instantaneous.
https://www.gov.uk/guidance/transfer-an-isa-if-youre-an-isa-manager
'Compound interest is the eighth wonder of the world. He who understands it, earns it; he who doesn’t, pays it' - Albert Einstein.0 -
Thank you for the helpful informarion. No, there was no indication of time after the application.0
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I just did exactly the same move. I applied before the old ISA expiry date and the transfer took four working days after the original ISA finish date. Yorks >> Virgin.
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virgo17 said:I just did exactly the same move. I applied before the old ISA expiry date and the transfer took four working days after the original ISA finish date. Yorks >> Virgin.Thanks for that. Mine has just completed and I have just done the shuffle to change to the 5.7% ISA.1
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