Trading 212 / Moneybox

KuchKuch

I'm currently think of transferring my cash ISA to either Trading 212 or Moneybox, but am a bit undecided between the two and was wondering if anyone knew the answers to the questions below:

• Do either provider subscribe to the BACS Electronic ISA transfer Service?
• If not, do either backdate the interest earned from the date, the cash ISA with the old provider was closed?

Beeblebr0x

I'd like to know the answer to the backdated interest too.

fepow

Also wondering the same,

Was hoping to transfer to t212, but don't want to lose the interest sitting in the Moneybox account - esp. as I think interest is only officially deposited annually in Moneybox ISA accounts (even though they show you what it would be daily).

Do you lose the interest if you transfer before your annual anniversary date? (Mine would be April but didn't want to wait that long)

masonic

It's been reported that T212 do not backdate, in fact interest starts to accrue from 1-2 working days after receipt of funds.

Murmansk

I moved a big lump of cash from an ISA with Principality to one with Trading 212 and it took 4 days after the Principality ISA had matured; it was done by the Faster Payment system according to the letter of confirmation I subsequently got from Principality.