adrian77
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Post by adrian77 on Jun 29, 2020 10:25:52 GMT
On Friday night I had £11K in my account with £11K in the release queue,
This morning I have £11K in my account with £8.5K in the queue and with ZERO funds on the market - hello!
Phoned RS and left them to investigate - also asked how much was the release queue - in effect the answer was "Mornington Crescent" !
Just checked - this is has now been corrected - might be worth checking your accounts in case anybody else has this problem.
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gg
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Post by gg on Jun 29, 2020 10:47:43 GMT
RYIs from ISAs are sent to your Everyday account, if that is relevant.
gg
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adrian77
Member of DD Central
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Post by adrian77 on Jun 29, 2020 10:49:43 GMT
I should have said - I checked that - I tell you I was worried!
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jcb208
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Post by jcb208 on Jun 29, 2020 15:38:55 GMT
Might be simple explanation but as ISA release your investment go to every day account which I did not know,What happens when you want to transfer your money to another ISA provider as it is no longer in your ISA account
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macq
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Post by macq on Jun 29, 2020 15:51:44 GMT
Might be simple explanation but as ISA release your investment go to every day account which I did not know,What happens when you want to transfer your money to another ISA provider as it is no longer in your ISA account I am a bit confused as i forget what the options were the last time i did a RYI in my ISA but think it was bank or holding account but it certainly went into holding within the ISA and not the everyday account as mentioned.I would guess you can then transfer from there?
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coogaruk
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Post by coogaruk on Jun 30, 2020 12:17:11 GMT
RYIs from ISAs are sent to your Everyday account, if that is relevant. gg If true that's daft. Surely they should be returned to your ISA holding account?
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
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Post by coogaruk on Jun 30, 2020 12:18:58 GMT
Might be simple explanation but as ISA release your investment go to every day account which I did not know,What happens when you want to transfer your money to another ISA provider as it is no longer in your ISA account I don't see how one could transfer to another ISA provider funds that aren't currently already in an ISA.
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Post by angel19 on Jun 30, 2020 14:04:52 GMT
The Ratesetter ISA is a flexible ISA. So if the RYI returns ISA funds to the Everyday account, you can deposit them back into the ISA holding account and not lose the ISA wrapper (as long as you deposit the funds back in the same financial year). You will need the funds back inside the ISA wrapper if you want to transfer to another ISA provider.
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coogaruk
Hello everyone! Anyone remember me?
Posts: 703
Likes: 463
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Post by coogaruk on Jun 30, 2020 14:47:50 GMT
The Ratesetter ISA is a flexible ISA. So if the RYI returns ISA funds to the Everyday account, you can deposit them back into the ISA holding account and not lose the ISA wrapper (as long as you deposit the funds back in the same financial year). You will need the funds back inside the ISA wrapper if you want to transfer to another ISA provider. That's an excellent point very well made!
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chris1200
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Post by chris1200 on Jul 1, 2020 11:40:28 GMT
On Friday night I had £11K in my account with £11K in the release queue, This morning I have £11K in my account with £8.5K in the queue and with ZERO funds on the market - hello! Phoned RS and left them to investigate - also asked how much was the release queue - in effect the answer was "Mornington Crescent" ! Just checked - this is has now been corrected - might be worth checking your accounts in case anybody else has this problem. I experienced something similar this morning (c. 50% decrease in pending release amount); but I just assumed it was related to loans being rolled over and would correct itself. It now has. I assume this is something we didn't used to see because the 'pending release' figure was the original amount, rather than the current amount. Now that it's syncing up after repayment withdrawals, this type of thing isn't too surprising. I know tensions are (understandably) running high, but I'd suggest erring on the side of assuming it's something like this and waiting a bit before leaping to the conclusion that something is badly wrong and getting everyone excited with new threads etc.
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