puddleduck
Member of DD Central
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Post by puddleduck on Jun 13, 2020 11:00:23 GMT
Hi
I have a few P2P ISA accounts and as they build up liquidity I'd like to transfer the accumulated funds monthly into another ISA account.
Does anyone know of an ISA provider who allows in partial transfers without needing to print out, fill in and snail mail a form to the new provider? For example Nutmeg allows a full ISA transfer to be initiated wholly online, whilst a partial transfer needs a form to be printed, filled in a physically mailed to them - this would get old quickly doing this every month.
Any suggestions for an ISA provider who allows painless part transfers? Ideally I'd be looking at stocks and shares rather than cash.
Thanks
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ceejay
Posts: 975 
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Post by ceejay on Jun 13, 2020 13:07:26 GMT
Not a full answer to your question, but I was doing an ISA transfer recently and the new provider told me that whether or not I needed to sign a piece of paper depended not just on them but also on the policies of the old provider. Apparently some insist on paper and others don't.
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greatmarko
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Post by greatmarko on Jun 14, 2020 0:51:46 GMT
Loanpad currently allow partial ISA transfers online. You can download a Transfer Authority Form from your account area once logged in and simply email it back to them signed.
I've used it a few times over the past few months to transfer bits in from various other P2P ISAs (including AC, Abundance, Lending Works), and it's been really efficient.
I really wish more P2P companies would follow suit and allow ISA transfers in without requiring a "wet" signature be physically posted to them. It's 2020 for goodness sake - we do everything else online, why can't we transfer ISAs without a printer & postage!!?
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qwakuk
Member of DD Central
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Post by qwakuk on Jun 14, 2020 8:32:24 GMT
Loanpad currently allow partial ISA transfers online. You can download a Transfer Authority Form from your account area once logged in and simply email it back to them signed. I've used it a few times over the past few months to transfer bits in from various other P2P ISAs (including AC, Abundance, Lending Works), and it's been really efficient. I really wish more P2P companies would follow suit and allow ISA transfers in without requiring a "wet" signature be physically posted to them. It's 2020 for goodness sake - we do everything else online, why can't we transfer ISAs without a printer & postage!!? P2P platforms have been fine, download a form, sign it and email back a picture. Moved money around between CrowdProperty, Loanpad, Zopa, Lending Crowd, Lending Works, Ratesetter & Funding Circle. I have been unable to get money out of Paragon Bank as they need paper forms !
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