We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Family ISA's
Wolvesfc
Posts: 12 Forumite
I have recently inherited some money from my father.
When opening an ISA for my 18 year son who has special needs , will the bank / BS allow funds to be paid from my account or does it have to from my sons current account ?
Just want to miminse transfers
When opening an ISA for my 18 year son who has special needs , will the bank / BS allow funds to be paid from my account or does it have to from my sons current account ?
Just want to miminse transfers
0
Comments
-
ISA managers should normally accept subscriptions as belonging to the account owner without challenge, but check the T&Cs.The safest option is to transfer from his current account, but they would normally just bounce back a payment they weren't willing to accept so that you could redirect it.1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349K Banking & Borrowing
- 252.4K Reduce Debt & Boost Income
- 452.7K Spending & Discounts
- 241.9K Work, Benefits & Business
- 618.4K Mortgages, Homes & Bills
- 176.1K Life & Family
- 254.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards