Anyone transferred Lloyds Bank ISA Shares to Invest Engine?

asarkiro5542

I have had to fill in the form with Invest Engine 5+ times. They can't seem to find the Lloyds Bank account. The people working at InvestEngine are amazingly incompetent, not sure I should transfer, lol.

My account number at Lloyds Bank starts with "EL" with 7 digits. It is called "Ready-Made Investment Individual Savings Account (ISA"

InvestEngince dont have the right ISA supplier in their drop down for the account number.

Anyone done a transfer from Lloyds Bank to InvestEngine successfully?

MDMD

You may need to put something other than Lloyds bank in here:

https://www.lloydsbank.com/investing/ways-to-invest/ready-made-investments.htm

Ready-Made Investments is provided by Embark Investment Services Limited, a wholly owned subsidiary of Embark Group Limited. Embark Investment Services Limited is incorporated in England and Wales (company number 09955930) with its registered Office at 100 Cannon Street, London, EC4N 6EU. Embark Investment Services Limited is authorised and regulated by the Financial Conduct Authority (Reg No 737356).

The Lloyds Bank Direct Investments Service is operated by Halifax Share Dealing Limited. Registered Office: Trinity Road, Halifax, West Yorkshire, HX1 2RG. Registered in England and Wales no. 3195646. Halifax Share Dealing Limited is authorised and regulated by the Financial Conduct Authority under registration number 183332. A Member of the London Stock Exchange and an HM Revenue & Customs Approved ISA Manager.

boingy

I haven't got many positive things to say about my InvestEngine experience. If you think transferring in is a hassle wait until you try to transfer out. Their support is very variable and they seem to make stuff up on the spot. They also currently break the HMRC rules by allowing customers to hold fractional ETF shares in an ISA. They claim that they are right and HMRC are wrong:

ISA and Fractional Shares - General discussion - InvestEngine

Albermarle

boingy said:

I haven't got many positive things to say about my InvestEngine experience. If you think transferring in is a hassle wait until you try to transfer out. Their support is very variable and they seem to make stuff up on the spot. They also currently break the HMRC rules by allowing customers to hold fractional ETF shares in an ISA. They claim that they are right and HMRC are wrong:

ISA and Fractional Shares - General discussion - InvestEngine

I suppose you always have to wonder if investing via these newer very low cost/no cost operators is worth the savings.
Maybe it is not quite the right MSE attitude, but hassle with dealing with sub performing companies has its cost as well.