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Difficulty transferring out of a Moneybox cash ISA
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Cesca19
Posts: 1 Newbie
Following the information on MSE's website I opened an easy access ISA with Moneybox a few months ago but now want to transfer it because interest rate has dropped. However, the websites for other banks/building societies do not acccept anything from Moneybox. Has anyone found how to transfer a Moneybox ISA to another provider? Many thanks for your help.
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Has anyone found how to transfer a Moneybox ISA to another provider?I have transferred several with absolutely no problems.
What you may find is that some of the top paying rates come from digital providers who don't want to deal with paper based transfers and will reject a transfer from a provider that isn't on their digital transfer list.
The issue isn't moneybox but the receiving scheme.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
The first ISA provider I looked at (Tembo) has Moneybox on it's list of acceptable ISAs.
"..the websites for other banks/building societies do not acccept anything from Moneybox" is a pretty broad brush, how many other provider's websites have you checked?0 -
Moneybox is on Tembo's list of accepted ISA providers. Moneybox is often listed as Digital Moneybox Limited on these lists so make sure to check for this name also.
It follows after this. If you want to check for yourself here is instructions and the list of providers accepted by Tembo
How to transfer an ISA to Tembo's Cash ISA (new & existing customers) | Tembo Money Limited Help Center0 -
Just wanted to add I recently had by Moneybox ISA transfer completeCesca19 said:Following the information on MSE's website I opened an easy access ISA with Moneybox a few months ago but now want to transfer it because interest rate has dropped. However, the websites for other banks/building societies do not acccept anything from Moneybox. Has anyone found how to transfer a Moneybox ISA to another provider? Many thanks for your help.
Cash ISAs: The Best Currently Available List - Page 937 — MoneySavingExpert Forum0
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