Trading 212 Cash ISA - Impossible to transfer ISA out!

JohnB47

Missey_Hissey said:

Hi
I wanted to reassure people checking out Trading 212 or Moneybox ISA transfers. I read a lot of the posts about issues with ISA transfers with some concern, however I have just transferred a cash ISA from Trading 212 to an existing cash ISA with Moneybox. I started the process on Friday and had confirmation this morning that the transfer is complete. Both companies great at keeping in touch, 3 days! Including the weekend! Big up Trading 212 and Moneybox.

Excellent, thank you. I'm wondering about doing this same transfer.

Can you take a few moments to explain the process? I've read a lot about Trading 212 not allowing electronic transfers, only paper etc. (I'm guessing that your transfer was all electronic if it took only three days).

So, any advice on process, sort codes account numbers etc?

epm-84

JohnB47 said:

Missey_Hissey said:

Hi
I wanted to reassure people checking out Trading 212 or Moneybox ISA transfers. I read a lot of the posts about issues with ISA transfers with some concern, however I have just transferred a cash ISA from Trading 212 to an existing cash ISA with Moneybox. I started the process on Friday and had confirmation this morning that the transfer is complete. Both companies great at keeping in touch, 3 days! Including the weekend! Big up Trading 212 and Moneybox.

So, any advice on process, sort codes account numbers etc?

If the form allows you leave both the sort code and account number blank, and add your T212 customer number in the roll number box. You can get it by downloading a statement from the T212 app.

You'll apply through your new provider to do a transfer, so it'll be their transfer process you'll follow, not T212s. Once T212 receive your request they'll ask you to sign (in the app) to confirm, and will zero your balance and initiate a transfer to your new provider almost immediately.

JohnB47

One slight problem is that I don't use Trading's app. Presumably they'll have an equivalent via a PC login.

Anyway, thanks for the advice.

ortolickus

I was very apprehensive having read some of the posts here. My experience was very positive: i applied to transfer my cash ISA from T212 to Moneybox yesterday and it was completed this afternoon. About 27 hours. I just used my customer ID (no sort code) in my application and did not have to use an app. Just as well as i don't own a smartphone :-)