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B&B ISA Transfer
Dean101
Posts: 44 Forumite
Can anybody best advise me on what to do next?
I had an old branch based B&B Tessa ISA opened in a different city to where I live now. So for convenience and because I assumed (wrongly now) it would be the quickest, I opted for a transfer to a B&B E-ISA.
I posted my application off in the middle of January
Numerous emails and phonecalls since, the original provider (Bingley) sent me a letter in the last week of March saying they had (at last) passed the cheque and docs on and returned my closed account statement showing final amount & interest credited to xx March
Over 2 weeks later, the esavings dept in response to my email said they had still not received the cheque or transfer docs
Today (approaching a further 2 weeks), no more info/contact since, no E-ISA yet set up.
Any ideas on what best to do next? Fed up with it all.
I had an old branch based B&B Tessa ISA opened in a different city to where I live now. So for convenience and because I assumed (wrongly now) it would be the quickest, I opted for a transfer to a B&B E-ISA.
I posted my application off in the middle of January
Numerous emails and phonecalls since, the original provider (Bingley) sent me a letter in the last week of March saying they had (at last) passed the cheque and docs on and returned my closed account statement showing final amount & interest credited to xx March
Over 2 weeks later, the esavings dept in response to my email said they had still not received the cheque or transfer docs
Today (approaching a further 2 weeks), no more info/contact since, no E-ISA yet set up.
Any ideas on what best to do next? Fed up with it all.
0
Comments
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If it were me, I'd raise an official complaint (recorded delivery). They then should reply to you (albeit to say that they'll contact you within a certain amount of time to let you know what their findings are). The point is, that if they haven't resolved your complaint within 8 weeks, you can then refer the matter on to the Financial Ombudsman Service.0
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bradford and bingley e savings have to be the most inept incompetent bunch i have ever had the misfortune of dealing with - 3 months plus to move an e-isa from issue 1 to issue 3 and still unable to do it - lie to you when you phone and ignore emails completely - i would strongly advise anyone with any money deposited with them to move it elsewhere and hopefully, with ongoing credit crunch, they will either wise up or go down the tubes0
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my b&b fixed rate isa has just matured so needs a new home. i was going just to lump it into my existing variable rate eISA by online transfer but after some initial misinformation it appears i still need to fill in a form and post it to them. given others posts on here about their inability to complete even internal transfers effectively, i think i'll transfer both to a new provider. some posters have indicated problems transferring to icesave (my first choice) because of incomplete information fom b&b, so maybe i'll give that a miss. has anyone succesfully transferred out of b&b to an ISA with a decent rate and guarantee?0
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Thanks for the replies and suggestions.
On the last point there:
Doing my research, I've found that B&B and Icesave internet operations are managed by the same outsourcer i.e. Newcastle Building Society. So that would start to show it's not coincidence.0
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