Transfer Cash ISAs Discussion Area

Catlover18

boobbby wrote: »

Nat West have and ISA called an e-ISA which does allow transfers. As you have already opened a current account you should be able open this account instantly. You can have as many ISA accounts (that allow transfers) as you wish if you only want to transfer money.


If you want to transfer another cash ISA to us, once your e-ISA is open, complete the ISA transfer form, print it, and send it to: Central Tax Unit, 9th Floor, 1 Hardman Boulevard, Manchester, M3 3AQ and we’ll arrange for the transfer to be completed.

Hi boobbby,

Does this mean that if i open up an e-ISA with Natwest for 2009/2010 i can then transfer my already exisiting Cash ISA i have with them into it, as well as pay in my £3,600 for the tax year? I hope this is the case as i had planned to open their Cash ISA again for 2009/2010 and transfer my old Cash ISA money into this so thanks to berrya1 for this bit of information!

Many thanks.

Sarahcat

**Info for any one who like me has a few years' worth of ISAs in A&L Issue 4-one of the top guys last year!
I have just been on the phone to them to clarify some points.

Issue 4 is now paying 1.55%.
The new Issue 5 is currently at 3% variable.
I cannot open my cash ISA for 09-10 until 5th April.
I cannot transfer all my money from Issue 4 until I've opened Issue 5.

**But I do have two questions which are-
Do I stick with them or find a better deal so that I can get started on transferring my previous years' money?
What is the fervent fans' opinions about fixed one year rates?

Thanks.

Baldur

Sarahcat wrote: »

Do I stick with them or find a better deal so that I can get started on transferring my previous years' money?

Your choice - personally I would transfer elsewhere, preferably to one which doesn't involve a 'bonus' - look for accounts which accept transfers in this post.

What is the fervent fans' opinions about fixed one year rates?

Depends on your circumstances & if you are likely to need access to the funds - the Halifax ISA direct Reward offers 3% fixed with 4 penalty-free withdrawals and accepts transfers.

All of my Cash ISAs are 1-year FRISAs at the moment, one at 6.5% until October, one at 6.5%, dropping to a renewal rate of 3.75% at the end of this month and my 2009/10 one will be a regular saver ISA at 7% fixed.

Crabman

Just in the process of transferring my A&L Direct ISA to Natwest but the way A&L work is making matters awkward.

Natwest ask for a sort code and account number. But that's too easy for A&L. Oh no... they have to issue the account number as "00000000" and instead have an 11 digit reference number.

This doesn't fit on the Natwest ISA Transfer form, and having spoken with Natwest I'm advised to simply write the 'reference' number on the form after printing and they'll do their best to resolve the issue with A&L, but can't guarantee it'll be transferred in successfully as they've had similar calls from other A&L ISA customers.

:rolleyes:

Baldur

Crabman wrote: »

I'm advised to simply write the 'reference' number on the form after printing and they'll do their best to resolve the issue with A&L, but can't guarantee it'll be transferred in successfully as they've had similar calls from other A&L ISA customers.

I did this with my transfer from A&L to LTSB in February, all went surprisingly smoothly - hope yours goes the same way.

PotatoPotato

Hey, thanks for the information. Just a few questions if anyone could answer them it would be great.

I'm planning to open a current account with natwest tomorrow, will i need an appointment or can i just walk in and book an appointment there and then like barclays/hsbc?

Also can i use my barclays isa statement from 2007? as proof of home address or is it too old?

Baldur

PotatoPotato wrote: »

.....can i use my barclays isa statement from 2007? as proof of home address or is it too old?

Most institutions specify 'within the last 3 months' for ID of that type.

PotatoPotato

Baldur wrote: »

Most institutions specify 'within the last 3 months' for ID of that type.

argh, i only set my paper statements as quarterly and i cant find my recent bank statement :eek: .

The recently letter i got that i can confirm my bank home address is a letter from barclays stating they got a new isa lol!

Its got my name, address, current ISA details
Then it got some "important news". I dont know if thats allowed .
I better starting looking behind the couch or something.....

Found a recent one

boobbby

Catlover18 wrote: »

Hi boobbby,

Does this mean that if i open up an e-ISA with Natwest for 2009/2010 i can then transfer my already exisiting Cash ISA i have with them into it, as well as pay in my £3,600 for the tax year? I hope this is the case as i had planned to open their Cash ISA again for 2009/2010 and transfer my old Cash ISA money into this so thanks to berrya1 for this bit of information!

Many thanks.

It does not make it very clear if you are allowed to have an internal transfer between ISA's but if you do find out please post on here.

pigeonpie

Baldur wrote: »

As far as I'm aware, no exit fee would be involved but it can take 30 days or more for an ISA transfer to complete and the 5th April is only just over two weeks away.

Why is the 5th April so important? Transfers can take place at any time, they are unrelated to the tax year.

Sorry to be thick but I'm eyeing the M&S Cash ISA. If I filled in a transfer form with them by 5 April (or sooner) would this be ok or is it now too late to transfer my last 2 years' ISAs. I have been ill and am slow on the uptake on this.
I've only just worked out it's probably better to keep a cash ISA at 3% than close the ISAs and put them in my offset mortgage! (Please help the non numerate!).