Lightening fast ISA transfer from HL to Trading 212

poseidon1

I thought I would share a recent ( positive ) experience.

I have a Charter Bank fixed rate ISA maturing this month.

Trading 212 have a reasonably competitive instant access cash isa product which I decided could be a stop gap home for the Charter bank product in due course. However, I had used up my £20k isa allowance elsewhere, so no new money allowed for Trading 212.

So:

* On 9 February, I opened the Trading 212 cash isa on the basis of  a £100 cash transfer in from my HL stocks and shares isa where uninvested cash was sitting. The Trading 212 isa was set up by way of a couple of clicks on the app since I already had an instant access savings account running with them.

 * This afternoon I get an email from Trading 212 confirming £100 received from HL so now the ISA is up and running ready for me to initiate the Charter Bank transfer in, in due course.

Is 3 days from start to finish for this sort of excercise unsual?  Either way, top marks to both Trading 212 and HL for a surprisingly rapid turnaround.

dunstonh

Is 3 days from start to finish for this sort of excercise unsual?

If both sides are using the ALTUS/origo then 3 days is normal for the efficient providers.