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NSI to Shawbrook cash isa transfer delay next steps

auser99
auser99 Posts: 274 Forumite
Third Anniversary 100 Posts Name Dropper
edited Today at 7:49PM in ISAs & tax-free savings

I set a cash ISA transfer in motion at the end of April - emailing to SB - who then confirmed receipt and that they'd emailed it onto NSI.

Was surprised to see the funds had left my NSI by the end of April - so expected it to be "plain sailing" afterwards and be well under the usual 15 days - having done those steps above so quickly.

Instead, we're 27th May now - i've chased SB numerous times and each time a day or 2 later they confirm they'll "check with NSI" or similar sentiments.

Is it worth getting a complaint in motion now, or wait until it's finally completed?

I thought the onus was on the receiving bank to pursue the transfer, not to have to be constantly harried along.

Comments

  • masonic
    masonic Posts: 29,880 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper

    The receiving bank should indeed be doing all the legwork. It is worth submitting a complaint as the 15 days has been breached. Shawbrook should backdate interest, but something tells me that may need to form part of your complaint.

    Cheque lost in the post?

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