Is there a way of doing a bank transfer directly into a pie in my isa?

Just opened an isa and I want to save a seperate pie for my kids future. £200 a month.

I would like to be able to save this automatically directly from my bank account straight into a pie on a set day each month…when I go to set it up it only gives me the option of debit card which has a 0.7 fee after 2k.

Is there a way of doing a bank transfer straight into the pie?

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Short answer, no. Long answer, still no, but we need 20 characters to post anything around here :person_shrugging:

Oh well, it’s still cheaper than the fees I was paying at Hargreaves Lansdown.

I figured out I can set up a standing order, but I would have to manually move it to the pie each month. I want to set and forget for 18 years :rofl:

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Hi,
No, you can’t found the pie directly from your bank account for free. Is has been promised from the last maybe 2 years and never happened. Unfortunately, Now it is a charge from using debit card… I guess is even more difficult to give the service for free.

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You can open a Junior ISA with Fidelity with no fees.

The only downside I think to that, is that you have no control over when your kids get access to the funds.

https://www.fidelity.co.uk/junior-isa/fees-and-charges/#tab-link

That’s why I’m using my isa. This is money we want to use in the future to help them. Driving lessons, uni, house deposit; whatever we choose.

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