There are a few reasons why you might want to transfer your cash ISA from or to another provider.

For example, you may be looking to achieve a better interest rate, or wanting to ensure that all of your cash ISA funds are with a single provider.

There are strict Government rules about transferring a cash ISA, including:

  • You can only have one ‘active’ cash ISA every year – this means, for example, that you can’t open multiple ISAs in a tax year, and benefit from the maximum tax-free savings allowance in every one of these ISAs

  • Transfers from one ISA provider to another ISA provider during a single tax year will not affect your annual ISA allowance for that tax year, as long as you follow the correct transfer process

Before committing to an ISA transfer, there are a few things to think about, including:

  • Does the new ISA you want to open accept transfers?

  • Will there be a penalty if you transfer your current ISA (for example, if it is a fixed-term ISA that carries an early access charge for moving the money or for switching providers)?

  • Will you be allowed to transfer money from all of your existing ISAs, or are you restricted to only moving money in your current ‘active’ ISA?

It’s important to follow the transfer process. If you just close a cash ISA with one provider and open a new cash ISA with another provider, you could lose out on your ISA allowance for the tax year.

Transferring a cash ISA - from your current provider to Nationwide

You're already a Nationwide member:

You can make an ISA transfer request:

You're not a Nationwide member:

You can make a transfer request by filling in our online form to order an ISA transfer pack or by popping in to your nearest Nationwide branch.

Get the most from your ISA allowance

Why not take a look at our full range of cash ISAs

Transferring a cash ISA - from Nationwide to a new provider

Your new provider will be able to advise the best way of doing this. They must arrange the transfer for you. Get in touch with them to find out more.

How long will a transfer take?

In line with industry guidelines, we’ll transfer the funds within 15 days of receiving the transfer request as long as the funds are available to move immediately.

If you have a fixed-term ISA product that incurs an early access charge, you can choose to pay this, or wait for your term to finish before doing a transfer.

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