Icesave ISA transfer

frankie

My NS&I ISA statement showed closed on 12 March, Not shown in Icesave ISA until today, 20 March.

That' 9 days interest down the tube. Will be contacting them later to attempt to get account back dated.

However, its not just Icesave that takes such a long time, I'm experiencing delays transferring into Lloyds too.

Seems there should be, in addition to the fund being transferred from has to complete within 30 days, that the receiving fund provider should have criteria set too. For example, on applying to the new provider for ISA transfer, they should contact the old provider within say 3 days. Once funds have left the 'old' provider, the new provider should initiate the ISA from when the funds left the 'old' provider. (I believe some ISA funds actually do this).

Lavendyr

Frankie, Icesave do state that they apply interest from the day after they receive the cheque, not the day after it's banked, so the interest should already be backdated for you. Always worth checking, though.

freddykrueger

Got my letter through safely and have managed to log onto the account to check that the money has transferred safely

Toastie

freddykrueger wrote: »

Got my letter through safely and have managed to log onto the account to check that the money has transferred safely

I new they wouldn't fail. I tried ringing Icesave the last couple of days its been hell :eek:

I ended up e-mailing them and i'm just about to check my inbox.

Stupid Tax year :mad:

Thomas_Crown

sloughflint wrote: »

They only accept cheques for transfers in which is what OP is doing.

Now I know why Nationwide used cheques to transfer my ISAs to IceSave. The thing is it was four cheques, one for each NW account.