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Jonners

Jonners

Jonners

Soldato
Joined
22 Nov 2002
Posts
17,679
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I as of this evening transferred money from one ISA Saver Online to ISA Saver Fixed 4yr, after the process is completed, I am greeted with this:

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I spoke to 'Donna' on the said number who assured me everything is ok and it is standard procedure and message, but is it now? :confused:

If the money is 'available' has all gone to plan? It is the message within the red square that is worrying m :o
 
I'd guess it might be either a check to make sure you don't have more than one ISA going (I ain't sure on the rule about this but remember being asked about it last time I transferred) or just because it was a large sum they might do extra checks?

I hate having to call them up because the Server flags up a payment for something.
 
It's all well and good her saying all is ok, but would you want your money disappearing in to thin air?
 
Jaymond said:
It's all well and good her saying all is ok, but would you want your money disappearing in to thin air?
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The message might look a bit alarming but remember that while online banking is available almost all the time the actual bank staff aren't and transactions might still be run in batches. It's also financial year end so it might be worth just waiting until say Monday and then checking back, you've already spoken to an advisor who has stated that everything is ok so there's not much more to be achieved in chasing it further today.
 
Why didn't you put it into a flexdirect account? 5% AER interest (4% after tax) - higher rate and instant access. Just saying.
 
Thanks, I suppose there could be a system overload maybe, might give another prod on Monday then to see if it is all good.
 
If this was an old (last year) ISA, how did you transfer it exactly (hopefully not via your current account)? Aren't you meant to fill in an ISA transfer form, regardless of whether it's to the same institution to avoid losing the tax free status?
 
Russinating said:
You really think that's going to happen? It's not like someone is physically moving your money from one vault to another and it's got lost in the post.
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LOL i heard they had mice moving the monies from one vault to another or was it hamsters??:p

LOL@my money disappearing into thin air...if it did disappear the banks have systems in place where they can track where your money has gone.
 
piggeh said:
Why didn't you put it into a flexdirect account? 5% AER interest (4% after tax) - higher rate and instant access. Just saying.
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It depends how long term a view you're taking and how urgently you might need to access your money. If you want to build up a large pot in a tax-free wrapper then you need to keep subscribing regularly - if that's not important to you or you want quicker access to your money then another form of savings account may be better.
 
Pho said:
If this was an old (last year) ISA, how did you transfer it exactly (hopefully not via your current account)? Aren't you meant to fill in an ISA transfer form, regardless of whether it's to the same institution to avoid losing the tax free status?
Click to expand...

I had x amount in an ISA Saver Online, interest on that was paid this morning, so I decided, to transfer the £5760 in to the fixed rate one, there is still some money left in my other ISA Saver Online.

But as it is the new tax year so it's ok to have the ISA Saver Online + Fixed Rate ISA 4yr?

If not OK surely they would transfer it back?
 
You can only have one cash ISA, probably wouldn't transfer as you already have one and you've not closed it by leaving funds in it.

MW
 
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