ISA Transfers
ISA transfers - How and why
ISA transfers let you change an existing ISA to a different ISA provider or a different type of ISA. This flexibility allows you to continue benefiting from ISA savings you’ve built up, but you don’t have to stay with the same ISA account.
Importance of arranging an ISA transfer
To maintain the tax-free status of your money when moving between ISAs, you must arrange it as an ISA transfer. This means you need to request the transfer through your new ISA provider – they’ll do the rest. If you simply withdraw money from your existing ISA, it will lose its tax-free status and if you pay it back into another ISA, this will count towards your annual allowance for the current tax year.
How do I transfer my ISA to Danske Bank?
If you're looking to transfer an existing ISA to a Danske Cash ISA, follow these steps:
- Visit any Danske Bank branch to start the transfer process.
- You will need your National Insurance Number and the details of your existing ISA, including the amount you wish to transfer. You can choose to transfer the entire ISA or just a part of it.
We’ll even pay you interest on the full amount to be transferred as soon as we receive your application – before we receive the transfer! This is provided that the funds are free to move and aren’t held in a fixed-term or notice account.
How long will my transfer take?
- Cash ISA Transfer: This should be completed within 15 working days, but we aim to complete this transfer within 7 working days.
- Stocks and Shares ISA Transfer: Will be completed within 26 working days.
More information on our Danske Cash ISA account:
Danske Cash ISA
