How to pay into new cash ISA?

jimjames

NoIdeaWhattoPut said:

I was looking at Leeds BS but I haven't decided. I hoped someone would know a good rate that I can pay in online. In fact I was surprised when last time they wouldn't let me do that.

NoIdeaWhattoPut said: I don''t do online banking and last time I opened an ISA I had to go into my bank branch to pay in. Is this always the case?

I don't understand. You say you don't do online banking but you want to pay in online which would require an online account. Can you clarify your requirements?

Rich1976

I suspect they mean they don’t want to do bank transfers but would rather use a debit card to deposit funds

NoIdeaWhattoPut

I'm not sure why some people do not seem to understand. I pay for things with credit and debit cards. I merely want to do the same when opening an ISA. I DO NOT do online banking and I NEVER will. I have spent my career in IT and I know how bad IT security is. For some strange reason banks insist on using SMS texting as a form of 2FA. SMS is no more secure than email which banks refuse to use for 2FA. Banks and credit card companies also expect everyone to use a mobile phone. I do not use a mobile phone as they are also not secure. It is beyond my comphrehension that banks think mobile phones and SMS are secure.

eskbanker

NoIdeaWhattoPut said:

I'm not sure why some people do not seem to understand. I pay for things with credit and debit cards. I merely want to do the same when opening an ISA. I DO NOT do online banking and I NEVER will. I have spent my career in IT and I know how bad IT security is. For some strange reason banks insist on using SMS texting as a form of 2FA. SMS is no more secure than email which banks refuse to use for 2FA. Banks and credit card companies also expect everyone to use a mobile phone. I do not use a mobile phone as they are also not secure. It is beyond my comphrehension that banks think mobile phones and SMS are secure.

To be honest much of the confusion was self-inflicted - all you needed to ask in the first place was 'which ISAs accept deposits by debit card?', a simple concise question....

NoIdeaWhattoPut

eskbanker said:

NoIdeaWhattoPut said:

I'm not sure why some people do not seem to understand. I pay for things with credit and debit cards. I merely want to do the same when opening an ISA. I DO NOT do online banking and I NEVER will. I have spent my career in IT and I know how bad IT security is. For some strange reason banks insist on using SMS texting as a form of 2FA. SMS is no more secure than email which banks refuse to use for 2FA. Banks and credit card companies also expect everyone to use a mobile phone. I do not use a mobile phone as they are also not secure. It is beyond my comphrehension that banks think mobile phones and SMS are secure.

To be honest much of the confusion was self-inflicted - all you needed to ask in the first place was 'which ISAs accept deposits by debit card?', a simple concise question....

To be honest I thought my question was simple and I have no idea whether there is another way of paying in. For example, if I take out an ISA with my current bank do I need a debit card? Also, can I just phone a company and give them my bank details over the phone? I don't know the answer to those questions so I asked the question I wanted an answer to. What I find very strange about forums is the number of people who merely want to criticse the OP. I have never understood why. 

eskbanker

NoIdeaWhattoPut said:

eskbanker said:

NoIdeaWhattoPut said:

I'm not sure why some people do not seem to understand. I pay for things with credit and debit cards. I merely want to do the same when opening an ISA. I DO NOT do online banking and I NEVER will. I have spent my career in IT and I know how bad IT security is. For some strange reason banks insist on using SMS texting as a form of 2FA. SMS is no more secure than email which banks refuse to use for 2FA. Banks and credit card companies also expect everyone to use a mobile phone. I do not use a mobile phone as they are also not secure. It is beyond my comphrehension that banks think mobile phones and SMS are secure.

To be honest much of the confusion was self-inflicted - all you needed to ask in the first place was 'which ISAs accept deposits by debit card?', a simple concise question....

To be honest I thought my question was simple and I have no idea whether there is another way of paying in. For example, if I take out an ISA with my current bank do I need a debit card? Also, can I just phone a company and give them my bank details over the phone?

To be fair, there are many ways of funding ISAs, so if you choose not to use online banking (your prerogative of course) then you'll presumably be familiar with interacting in branch or by phone, and could presumably ascertain which methods your bank supports?

Some will probably support funding by direct debit, so that may be another possibility, but most will choose ISAs based on criteria such as interest rates and variable v fixed terms, so narrowing down a search by funding method is relatively unconventional.

Open banking is also used by some of the more recent fintech entrants to the market, but I imagine they'll be off limits given your views on security!

PeskyBlunder

Did you try wmb194's suggestion above? That looks like your best bet.

jimjames

NoIdeaWhattoPut said:

I'm not sure why some people do not seem to understand. I pay for things with credit and debit cards. I merely want to do the same when opening an ISA. I DO NOT do online banking and I NEVER will.

But to pay in online for the ISA requires that the ISA has online access if you're stating you want to pay in online but don't do online banking. Hence my question and not understanding as it makes no sense. Telephone and debit card is fine but they are not online.

Barkin

The answer to the initial post in this thread is "no", but the quality and usefulness of the answer very much depends on the quality of the question.

etienneg

jimjames said:

NoIdeaWhattoPut said:

I'm not sure why some people do not seem to understand. I pay for things with credit and debit cards. I merely want to do the same when opening an ISA. I DO NOT do online banking and I NEVER will.

But to pay in online for the ISA requires that the ISA has online access if you're stating you want to pay in online but don't do online banking. Hence my question and not understanding as it makes no sense. Telephone and debit card is fine but they are not online.

If I understand correctly (and I may be mistaken!), what the OP wants is to apply for an ISA online, which means being on the ISA provider's web site, and somewhere during this process to input a debit card number for the ISA provider to use to take the funding. This is NOT online banking, which would mean being on the bank's web site, but is online and NOT on the telephone.

It is then very similar to buying something online (as the OP states), where you give a card number for the seller to use to take the purchase amount.

Please note: I'm making no comment whatsoever about the security of any method involved here.