Currently getting a poor interest rate with a major high street bank, is there a way to transfer my ISA across to Monzo? Even the 1.14% is substantially better than what I get now.
Whatâs wrong with 1.5% from Coventry BS?
Opened a savings ISA w/ Monzo. Happy so far. Liking the fact that Iâm slowly having everything in one app.
Something I am curious about is doing a similar system w/ LISAs? Do Monzo have the rights to offer a LISA service, even if they were to piggyback off another company like the savings accounts? Just curious!
Any news on transfers? It was âcoming in the next few monthsâ in the original postâŚ
Do you mean the blog post?
It says âhoping to introduce in the next few monthsâ which in my mind is significantly different to âcoming in the next few monthsâ. Would be nice to have an update though.
Guys. How much money you transferred to Monzo ISA ? How you feel - safe ?
Iâm also keen to find out about transfers. Iâve currently got my ISA with Barclays and hoping Monzo bring in a switch feature soon so I can get everything under one roof
Why you canât just withdraw money from your current ISA account - > transfer to Monzo - > Monzo ISA. Or this is not allowed?
Sorry for silly question.
If your withdraw your money from an ISA you lose essentially lose that ISA allowance. Youâd be using your current isa allowance whatever is left of it to put your money back into an isa.
You also canât open two isa accounts of the same type in the same year, you can only do that if you transfer the isa.
Thanks for your reply.
If I have ISA with nationwide⌠I opened this account 1.5 year ago⌠and I want to move my money to Monzo ISA.
Who will stop me to open another ISA account? HMRC?
You can open one type of every ISA every tax year. If you havenât opened on this year you can open any one you like. Youâre better transferring it though to not lose your allowance.
Is there any updates as to when the transfer ISA is going to be available? Feel like I have been waiting forever and I really want to fully switch to Monzo and this is the only thing stopping me from doing so
Digging up an old thread but wonder if this will filter through to MonzoâŚ