Slow ISA transfer Trading 212

financehelp23

Beddie said:

I started a cash ISA transfer to T212 from Virgin Money on Wednesday and it went through today. No issues whatsoever.

Just to show both parties can get it right!

Hi, transfer in to T212 WAS FINE. I did from Zopa to them. But transfer out os the issue. I think is maybe VM delays 

Archerychick

I am gobsmacked! Transfer into Trading 212 today in 2 hours! 😳
perhaps they had an issue with whoever the bank was, or this one I transferred from is quicker at authorising 

TheBanker

Archerychick said:

I am gobsmacked! Transfer into Trading 212 today in 2 hours! 😳
 

I hope you have reported this disgraceful state of affairs to the Financial Ombudsman Service.

Archerychick

TheBanker said:

Archerychick said:

I am gobsmacked! Transfer into Trading 212 today in 2 hours! 😳
 

I hope you have reported this disgraceful state of affairs to the Financial Ombudsman Service.

😆😆 I was considering it 

dont_use_vistaprint

Are you talking about regular money transfers? Of course they are fast , no issues with T212 my original post was about a cash ISA transfer from one provider to trading 212, 

Archerychick

dont_use_vistaprint said:

Are you talking about regular money transfers? Of course they are fast , no issues with T212 my original post was about a cash ISA transfer from one provider to trading 212, 

Nope, mine was a cash isa transfer from a provider into T212 

palemist

I'm at the point of transferring my Cash ISA from Zopa to Trading 212 and I've very scared due to the issues you've outlined above. The reason I'm transferring is to take advantage of T212's 5.17% which is likely to drop, but Zopa is dropping from 4.80 to 4.55%. I've never had any major issues with Zopa, withdrawals and payments are very fast. Oh decisions decisions decisons! 

uscool

Chips ISA transfer to Trading 212 ISA took 1 day for me 

palemist

@uscool Thanks, I've started the process of transferring my Cash ISA from Zopa based on your word, I'll blame you if I encounter any issues.  🤣🤣🤣

To be fair, the transfer interface was very sleek, I used the T212 app, a transfer request form was generated and I was able to sign it. I'm quite impressed.  

ordnancesurvey84

Hi @palemist - I've just done the same as you - a transfer of a Cash ISA - from Zopa to Trading 212. It all went very smoothly - although I didn't receive any notification from Zopa that they'd received a transfer request - it all just went ahead and took one week (I submitted the transfer request on a Thursday morning, and the monies were transferred the following Thursday morning).
With regards to withdrawals, I've added the account I want to withdraw to using Open Banking, and despite saying withdrawals can take up to three days, so far they've been instant (literally seconds) - even at weekends.