Do l need to fund isa first?

Bob2000

I've been looking at some 1 and 2 year fixed isas which are asking between £1 to £5000 to open the account. 
But l want to just transfer 24/25  old money into one of these new accounts.
Can this be done?

Also l have 3 isas with three separate banks can l do multiple  transfer to the same new isa?

refluxer

If the new ISA provider accepts transfers-in, then you just need to request the transfer. Provided the transfer amount is sufficient to meet the minimum balance of the new ISA, then there will be no requirement to also fund it with new subscriptions.

Bob2000

refluxer said:

If the new ISA provider accepts transfers-in, then you just need to request the transfer. Provided the transfer amount is sufficient to meet the minimum balance of the new ISA, then there will be no requirement to also fund it with new subscriptions.

Ok, thank you.

refluxer

Bob2000 said:

Also l have 3 isas with three separate banks can l do multiple  transfer to the same new isa?

This will depend on the T&C's of the new ISA but in my experience, this is usually possible. Some providers, however, will only allow you to request one transfer at the time of application, in which case you'll need to work out how to request the extra transfers. 

When combining ISAs, make sure you stay well under the £85k FSCS limit otherwise you'll just have the hassle of needing to split them again in a year or two's time.