Awyatt62 Wyatt
Joined: 5/27/2024
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RE: ISA Transfers and new ISAs
Hi, I had an Easy Access ISA with Shawbrook (opened in 23/24) I recently transferred this to Plum. Shawbrook confirmed funds sent on 16/05 & Plum confirmed receipt. However, Plum said they required paperwork from Shawbrook which they didn't get until 30/05, at which point they opened their ISA. Is this correct? My view would be that surely the Plum ISA should have been backdated to 30/05 to ensure a continuous ISA wrapper and also no loss of interest to me. Surely if there is a break between Shawbrook closing my account & Plum opening theirs then Plum would be opening a new ISA?