Cash ISA Transfers
If you wish to transfer an existing ISA balance to the Cheshire, you need to be aware that although we will not charge for this, your existing provider may.
Please allow 15 business days for the full process to be completed. Please note, you are not required to contact your current provider to let them know you wish to transfer your ISA to us, we’ll do that for you. We will contact you if we require any additional information or have any queries. In line with our Savings Promise 4 the account interest will be backdated to the date we received your ISA transfer application provided that your funds are free to move and not subject to any notice period.
You can transfer all of the current tax year’s subscriptions and/or all or part of previous tax years subscriptions. Please note that the current ISA rules do not allow funds invested in a Stocks and Shares ISA to be transferred to a Cash ISA.
Cash ISAs held with the Cheshire can be transferred to another provider at any time subject to the terms and conditions of the account. You will need to contact the other provider to request the transfer.
How the process works
For a Cash ISA, subject to any restrictions on paying money in and withdrawals (see account specific conditions for further information):
(a) If you wish to transfer all or part of your ISA to another cash ISA manager, we will send the funds and accompanying information to the new manager within 5 business days of the date of receipt of a transfer instruction from the new manager.
(b) If you wish to transfer all or part of a cash ISA you hold with another ISA manager to us:
- On receipt of a transfer instruction from you, we will send it to the other manager together with a confirmation that we will accept the transfer within 5 business days of the date of receipt, and
- On receipt of the funds and accompanying information from the other manager, we will credit the funds to the account within 3 business days of the date of receipt.
For a stocks and shares ISA, subject to any restrictions on withdrawal (see account specific conditions for further Information), if you wish to transfer all or part of your ISA to another ISA Manager we will transfer the account within the time stipulated by you or within 30 days of receiving the request from your new provider, whichever is the longer.
Transferring funds into a new Cheshire ISA
You can currently only transfer existing ISA funds into our branch based accounts (Cash ISA - Issue 3 and 1yr Fixed Rate ISA) so please visit your local Cheshire branch.
Transferring funds into an existing Cheshire ISA
To transfer an existing Cash ISA from another provider to an existing Cash ISA you have with the Cheshire, you will need to ensure that your Cheshire Cash ISA accepts additional deposits and transfers from existing ISAs.
The only existing Cheshire Cash ISA currently available for transfers of funds is the Cash ISA – 3rd Issue. You cannot transfer funds into an existing Fixed Rate Cash ISA or a Direct Cash ISA.
Which forms do I require to transfer funds into my existing Cheshire ISA?
You will need to do the following:
- Print off and complete an ISA transfer form. If you are transferring funds from multiple ISAs with other providers, you will need to print off an ISA transfer form for each provider.
- Send the above form to: Cheshire Building Society - Savings & Investment Team, PO Box 29216, Dunfermline, KY12 2BZ
- Or pop into your local branch or call our Customer Contact Centre where the transfer can be completed.