ISA Transfer from Monzo OakNorth to Paragon Bank (not Monzo)

UK Help
1

Hi all,

I have recently opened a new cash ISA with Paragon Bank (not via Monzo) but when I am trying to transfer my existing Monzo OakNorth ISA there, I get the following message from their form:

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Is the message correct? Monzo doesn’t allow electronic transfers? Has anyone else experienced something similar?

Thanks! :slight_smile:

2

Dont see why it wouldn’t be "correct " Monzo dont seem to be a registered member

  • "once we receive your signed form we will contact your provider and your ISA will be transferred " seems to cover it
3

Thanks for taking the time to reply. :slight_smile: If that is still true (the document is 16 months old), it seems like this could be improved in the future. It’s a shame that it’s so easy to create an ISA in Monzo but it’s not equally easy to transfer it out.