ISA transfers: it's nice when they just work

david72

It's nice when ISA transfers "just work". Opened a new cash ISA online (with a traditional building society) on Saturday, was asked if I wanted to transfer in an existing cash ISA as part of the account opening process, got notified first thing on Monday that the request was in progress, and then notified again mid-afternoon today that the transfer had now been done, so I logged in there and then just to check, and the funds transfer was already visible in my account. 

Genuine kudos all round to everyone involved in developing those back-end systems to make it all work so smoothly, and so quickly. It is nice when things work as they should!

Given the multiple tales of woe that many people seem to have experienced, and described here, with many of the new (and in many cases, rather sketchy sounding) so-called fintechs [1], it really does sound like a lot of those still have an awful lot to learn about professional and reliable systems and procedures!

[1] You should see the number of third-party JavaScript sites some of these so-called "fintechs" make requests to from their websites - never a good sign from a security perspective and definitely a clear indication of the worst of structurally unsound house of cards "shovelware" coding. Never a good idea to have multiple handfuls of different JavaScript libraries jostling around the page…

flaneurs_lobster

Monument (a "fintech") moved my cash ISA from Virgin Money in 2 days earlier this month.

I have no idea how many JS libs are slopping around their site, they all managed to line up for long enough to get my transfer done PDQ.

masonic

david72 said:

[1] You should see the number of third-party JavaScript sites some of these so-called "fintechs" make requests to from their websites - never a good sign from a security perspective and definitely a clear indication of the worst of structurally unsound house of cards "shovelware" coding. Never a good idea to have multiple handfuls of different JavaScript libraries jostling around the page…

Always fun having to selectively unblock these scripts to try and get enough functionality on the webpage to do what I require, not.

km1500

wish there was a similar system fir non-isa savings accounts

VNX

km1500 said:

wish there was a similar system fir non-isa savings accounts

In what way?