Are you going to support it?
We aim to complete transfers within 30 days, but the time frame also depends on how quickly the other provider processes the transfer.
Yes, it is. Learn more about money protection.
Yes, but unfortunately it still says cannot transfer yet
Thank you much appreciated
Looking forward to my transfer arriving from Freetrade. Frustratingly/unironically the slow Freetrade customer service responses which pushed me to leave also seem to be slowing down the transfer process
At least someone transferred over
Is it possible to set target transfer date (or even do not transfer before x) when initiating a portfolio transfer?
Current Virgin Money Cash ISA matures in ~ 2 weeks, but has a loss of interest penalty if transfer occurs before maturity.
Virgin Money transfer out page include the following:
We’d be sorry to see you go, but if you want to transfer to a new ISA provider, you will need to contact them to arrange the transfer on your behalf.
Please note to avoid any penalty interest ensure the ISA transfer is made on or after the date of maturity. You will be able to request this when you complete your ISA Transfer form.
I attempted to initiate the portfolio transfer in the T212 app but noticed there was no option to specify a transfer date. Consequently, I refrained from submitting the generated form.
Or, will I need to wait until after the ISA matures (and Virgin Money converts the account to a paltry 0.10% interest rate!) before submitting the portfolio transfer? I am concerned about the potential delay, as the anticipated transfer time is ~30 days?
Welcome to the Community, @EspressoEnthusiast
For the time being, there is no way to set a specific transfer date. To guarantee that the transfer goes smoothly, it is best to initiate it manually on the date of maturity of your ISA or after it.
As per HMRC’s guidelines, ISA transfers should take no longer than:
- 15 working days for transfers between cash ISAs
- 30 calendar days for other types of transfer (for example, Stocks & Shares ISA transfers)
Of course, we aim to complete all initiated transfers in the shortest possible timeframe
We are still at 40 % only
Yeah Surely they should have opened it to more by now? It’s been stuck on 40% for several months. Are they likely to hit their (regularly pushed back) target of the end of September? Does anyone have any updates on what is going on?
Sure, I have an update. Just read my comment from middle of June, still applies to the current status of the feature.
yes but we’re getting closer and closer to the end of the year, think you might have to change it for the next one
I’m relatively new to T212 but have been able to raise a transfer request. Frustratingly it sounds like so many people are also transferring across from Freetrade they’re having to put together big batch transfers - at least that’s what Freetrade are blaming it on
Freetrade going to be in trouble then.
I own a sharesave plan that will mature at some point in the near future. Will it be possible to transfer the shares to my T212 Stocks ISA sccount? Cheers
If it’s the same ISA type and among the supported brokers, you’ll be able to transfer it.
Yes, the broker is on the list. Thanks
Well, it finally happened! Just checked, and I can transfer my iWeb portfolio over! Just submitted, so we will see how long it takes. Anyone else had the option enabled recently? The FAQ says it is now upto 50% of users, and everyone by end of September still.
Hopefully we keep increasing the numbers till end of September and no setbacks or roll overs this time
All transferred at 9:30 this morning! Excellent service. Submitted at 10:30pm on Thursday, and a bank holiday between, so just over 3 working days.