How do I transfer an ISA in Online Banking?
To get started, select the ‘Transfer an ISA’ option from your Online Banking menu.
You’ll need to have with you:
- The details of your existing ISA, including the sort code and account number
- Your National Insurance number
First, we’ll ask you whether you’re transferring a cash or investment ISA to us and whether you’re transferring from another provider or from another Barclays ISA.
You then need to choose whether you want to transfer all or part of the balance of your existing ISA.
If you’ve already paid into an ISA in the current tax year (6 April to 5 April each year), you’ll need to transfer all of the money you paid in so far this tax year. But you can choose to transfer only part of the money you’ve paid in during previous years if you want to.
Remember, if you’ve already withdrawn money you paid in previous tax years and haven’t replaced it before transferring to your new provider, it’ll count towards your annual ISA allowance when you replace it with your new provider.
Finally, we’ll ask you to confirm that the details of your transfer are correct.
And that’s it – all done.
If you’re transferring from a cash ISA you currently have with us, the transfer should take less than two days. If the ISA you’re transferring from is one you hold with another provider, it can take up to 15 working days. For investment ISAs, the transfer can take up to 30 days.
Barclays direct investing
Before you start, you need to have a Barclays Investment Account or Investment ISA. Then you’ll need to complete a simple, online transfer request, identifying the accounts or investments that you'd like to transfer to us.
Transferring your ISAs doesn’t affect their tax-efficient status. But you should make sure that you don’t have to pay penalties or give up valuable benefits.
You need the following information to request a transfer:
- Your account or plan number from your current provider
- An up-to-date valuation or statement from your current provider
- Details of the investments or account you want to transfer
We don’t charge you to transfer your ISA, but there are some small costs for your investment transactions and account servicing once the transfer is complete.