Isa - Telegraphic Transfer Fees

barry1010 | 18:27 Fri 05th Apr 2024 | Business & Finance

5 Answers

We will be opening new ISA accounts tomorrow and in the list of fees is £8 for 'telegraphic transfer'. I don't know what this is - we will be transferring our existing ISA in to it later in the year and will possibly be transferring this new ISA next April.

Will this telegraphic transfer fee affect us?

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I'm not sure you'd need a telegraphic transfer- you just need a normal bank transfer

I'm assuming you're in UK and it's not an overseas transaction - an overseas one would use a TT

Question Author

Like a wire? Doesn't apply to us, thanks both

Maydup

There are no fees involved in transferring a cash ISA.

Question Author

Thanks again. That's why I was surprised to see this in the list of fees (it's the only fee)

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