Bank of Scotland Share Dealing - Transfer Cashback Offer

HHUK

Apologies if this has already been covered. I did a search and found nothing relevant to this offer.

Wondering whether it would be worth transferring my holdings with Bestinvest to BOS now that I have received the £100 cashback from Bestinvest for transferring my Hargreaves Lansdown ISA to them earlier this year. 

Probably not in my case, given my very modest portfolio and the flat-rate BOS admin charge of £36 a year.

https://www.bankofscotland.co.uk/investing/landing-pages/offer.html

wmb194

HHUK said:

Apologies if this has already been covered. I did a search and found nothing relevant to this offer.

Wondering whether it would be worth transferring my holdings with Bestinvest to BOS now that I have received the £100 cashback from Bestinvest for transferring my Hargreaves Lansdown ISA to them earlier this year. 

Probably not in my case, given my very modest portfolio and the flat-rate BOS admin charge of £36 a year.

https://www.bankofscotland.co.uk/investing/landing-pages/offer.html

The broad details: "Transfer your investments, ISAs and share certificates to us and get up to £1,000 cashback on your first 5 transfers of £5,000 or more (excluding SIPPs). Offer ends 31st January 2024. Account fees and offer terms apply.

"Transfers from Share Dealing Accounts and Stocks & Shares ISAs can be from any UK provider apart from those already held within the Lloyds Banking Group (i.e. Lloyds Bank, Halifax, Bank of Scotland and IWeb)."

I presume this actually Halifax Stockbrokers in yet another skin.

Alistair31

I have an ISA with bestinvest that I’ve contributed to this FY, could I avail of this offer and transfer the full amount over? (For £350 cashback)

wmb194

Alistair31 said:

I have an ISA with bestinvest that I’ve contributed to this FY, could I avail of this offer and transfer the full amount over? (For £350 cashback)

I don't see why not but you'd need to check that Bestinvest won't charge anything or clawback cashback from one of its offers if you availed yourself of one in the past year or so.

Alistair31

Thanks, I did, £600 from them, but need to move it out before I end up giving it all back, as their fees are silly. 

Tondrive

Sorry to revive this old thread but can anyone who took up this offer remember if the terms stated a minimum amount of time you needed to stay with them to keep cashback.

I did have a copy of the conditions but seem to have lost them.

Thanks.

wmb194

Tondrive said:

Sorry to revive this old thread but can anyone who took up this offer remember if the terms stated a minimum amount of time you needed to stay with them to keep cashback.

I did have a copy of the conditions but seem to have lost them.

Thanks.

Via the WayBackMachine: 12 months from the cashback payment.

https://web.archive.org/web/20240719092650/https://www.bankofscotland.co.uk/investing/landing-pages/offer.html

Tondrive

Thanks.
I now also know about waybackmachine.