Transfer Cash ISAs Discussion Area

colsten

It depends on the provider. Many allow you to just fill in a transfer form which also acts as an ISA application form. For others, you have to fill in two separate forms.

Transferring a cash ISA has no impact on your S&S ISA.

flyingswan60

Does anyone know of a provider who will allow the transfer of a Stocks and Shares ISA into a Cash ISA ? I have not contributed to the Stocks and Shares ISA in this tax year.

Archi_Bald

All of the ones offering transfers-in must allow it by law.

vitamin_joe

edit..........

flyingswan60

Re Archi ....Then every financial services company I have checked so far is flagrantly breaking the law..........nothing new there I guess, .as they all say they only allow the transfer in of Cash ISAs

Archi_Bald

flyingswan60 wrote: »

Re Archi ....Then every financial services company I have checked so far is flagrantly breaking the law..........nothing new there I guess, .as they all say they only allow the transfer in of Cash ISAs

Out of interest, who did you ask, and how did you ask them? Which one of them refused to process your transfer request form, and what reason did they give you for declining your request(s)?

Minilocke7

Can anyone please tell me - I have a cash ISA and am considering moving it to another with a higher rate of interest but is says "transfers not allowed". If I move the balance from my current ISA into another account, say my current account, can I then put the money into the higher rate new cash ISA? Does this count as a transfer or is it classed as new money? Thanks

murphydavid

Minilocke7 wrote: »

Can anyone please tell me - I have a cash ISA and am considering moving it to another with a higher rate of interest but is says "transfers not allowed". If I move the balance from my current ISA into another account, say my current account, can I then put the money into the higher rate new cash ISA? Does this count as a transfer or is it classed as new money? Thanks

If you do that it will be considered to be new money.

wheelz

Can I transfer an old isa into another old isa (same bank/building society)?

shivvy68

I've just realised that Santander have me over a barrel...or do they? On 6th April 2014 I opened a 2 year fixed rate ISA with them. I've gone back to it this week to close it and transfer the funds out, as it will drop to a basic 1%. However, the actual maturity date is 1st June, so 2 years and 2 months after it was opened. If I want to open another - not Santander - ISA from today then I need to transfer these funds in within 10 days, which I'm not prepared to do otherwise I will lose my interest. I called Santander to query why the fixed rate period is over the advertised 2 years, he stated that I would've been aware of that when signing up to it. I have to admit I didn't give it much thought at the time, but from now on I will. He did also add that if I stay with them then they can transfer and I won't be penalised...tell you what, I won't have any more ISAs with them and will always check for this 'scam' in future.