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How to transfer out of Trading212 cash isa?

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Comments

  • Aidanmc
    Aidanmc Posts: 1,449 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    I'm supposedly in the process of transferring my T212 ISA to a building society. I've had a letter saying it is going ahead but it's been about 5 weeks now and nothing has happened.

    However I've decided in retrospect that I may have made a mistake as T212 being a flexible ISA probably suits me better currently so I'm not going to worry about it. 
    The recently updated rules on flexible ISAs mean that you can withdraw this year's subscriptions and deposit them into a different ISA in the same tax year (previously you had to re-deposit in the same ISA).
    Might be useful if you're having trouble transferring out. But only applicable for this year's ISA deposits. Previous years will have to be transferred the "proper" way.
    I am transferring the proper way, all correct forms filled in however letters from the building society telling me they are waiting on T212. 

    I'm not going to stress about it and was just posting my experience. 
    Did you contact T212 yourself to see what they say?
    I know they are hard to contact, but the do usually respond to email in 24hs
    Just i had an issue a few months back transferring T212 to Vida. Vida was saying they were waiting for T212 to respond, T212 were saying they never received any transfer request. Turned out Vida were sending the request to an incorrect T212 email. 

  • Purpleheart
    Purpleheart Posts: 42 Forumite
    Seventh Anniversary 10 Posts Photogenic
    Aidanmc said:
    I'm supposedly in the process of transferring my T212 ISA to a building society. I've had a letter saying it is going ahead but it's been about 5 weeks now and nothing has happened.

    However I've decided in retrospect that I may have made a mistake as T212 being a flexible ISA probably suits me better currently so I'm not going to worry about it. 
    The recently updated rules on flexible ISAs mean that you can withdraw this year's subscriptions and deposit them into a different ISA in the same tax year (previously you had to re-deposit in the same ISA).
    Might be useful if you're having trouble transferring out. But only applicable for this year's ISA deposits. Previous years will have to be transferred the "proper" way.
    I am transferring the proper way, all correct forms filled in however letters from the building society telling me they are waiting on T212. 

    I'm not going to stress about it and was just posting my experience. 
    Did you contact T212 yourself to see what they say?
    I know they are hard to contact, but the do usually respond to email in 24hs
    Just i had an issue a few months back transferring T212 to Vida. Vida was saying they were waiting for T212 to respond, T212 were saying they never received any transfer request. Turned out Vida were sending the request to an incorrect T212 email. 

    T212  gave me instructions, building society have confirmed everything I've done is correct and they are just waiting on T212. 
  • allegro120
    allegro120 Posts: 2,098 Forumite
    1,000 Posts Second Anniversary Name Dropper
    msnatalie said:
    I'm at my wits end with Trading212, desperately trying to find a way to transfer my cash isa with them to another provider but seems most banks don't want to touch it. Have spoken with Coventry, Cynergy, Kent reliance, Monument and none will let me transfer in the cash isa from trading212.
    I asked trading212 if they have a list of providers that would allow the transfer as I don't have time to go though every single bank trying to open an isa just to find they wont allow it, but of course trading212 fobbed me off and said there is no list and that 'most banks would'. They are truly so awful I wish mse would stop recommending them. It's taken weeks just to be able to access my account as their ai system didnt recognise me so had to wait for 5 weeks worth of emails and finally a human to verify my selfie and my passport match.
    So please, does anyone know what banks or providers will accept a trading212 isa transfer? Or do I really need to just withdraw the entire balance and start from scratch? It's an isa ive been building up for the last 3 years so would be sad to have to take it all out instead of transferring. 
    I’ve recently transferred T212 to paragon. Had to do paper form, but Paragon allows scanned form by email. Transfer took about 5 days to complete. 
  • epm-84
    epm-84 Posts: 2,782 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    msnatalie said:
    Have spoken with Coventry
    Really? I filled in the transfer request form with Coventry to do a partial transfer from a Trading212 ISA - putting my T212 customer number in the roll number box, and leaving the account number and sort code blank. Coventry sent me a paper form to sign (which took over a week to arrive). 2 days after I posted that back I had an email from T212 asking me to sign a form (in the app) to confirm. I did that. The funds left my T212 account on the Friday, and were in my Coventry ISA by the Monday evening.

    Maybe someone at Coventry thought you were asking about transferring a S&S ISA into a Cash ISA?
  • JohnB47
    JohnB47 Posts: 2,690 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Anyone managed to transfer a cash ISA from Trading 212 to Moneybox? 
  • I am trying to transfer my cash but they left £20k in the account.  I am using a FA and I have had to sign the forms twice.  Still waiting.
  • JohnB47
    JohnB47 Posts: 2,690 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    kensyrett said:
    I am trying to transfer my cash but they left £20k in the account.  I am using a FA and I have had to sign the forms twice.  Still waiting.
    Thanks. "a FA" what's that?
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