qwakuk
Member of DD Central
Posts: 259 
Likes: 96
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Post by qwakuk on Apr 2, 2020 12:31:46 GMT
Very efficient so far, sent the forms by email yesterday at 2.30pm
All credit to Lending Crowd, money reached Loanpad today and messaged me at 1.22pm its ready to invest
I have just put in the transfer queue to be processed tomorrow
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Ukmikk
Member of DD Central
Posts: 452
Likes: 306
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Post by Ukmikk on Apr 3, 2020 13:44:22 GMT
Very efficient so far, sent the forms by email yesterday at 2.30pm All credit to Lending Crowd, money reached Loanpad today and messaged me at 1.22pm its ready to invest I have just put in the transfer queue to be processed tomorrow Wow, could be a record!
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qwakuk
Member of DD Central
Posts: 259
Likes: 96
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Post by qwakuk on Apr 3, 2020 14:28:08 GMT
Very efficient so far, sent the forms by email yesterday at 2.30pm All credit to Lending Crowd, money reached Loanpad today and messaged me at 1.22pm its ready to invest I have just put in the transfer queue to be processed tomorrow Wow, could be a record! Unlike Archover, form probably sent to them on 31st March (by Loanpad) and money still with them (just checked), not been sent to Loanpad so I can earn some interest
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greatmarko
Member of DD Central
Posts: 343
Likes: 373
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Post by greatmarko on Apr 10, 2020 11:54:01 GMT
Very efficient so far, sent the forms by email yesterday at 2.30pm All credit to Lending Crowd, money reached Loanpad today and messaged me at 1.22pm its ready to invest I have just put in the transfer queue to be processed tomorrow Wow, could be a record! ...so perhaps a new record: Sent ISA Transfer Authorisation form to Loanpad via email yesterday at 14:46. Received confirmation of receipt from Loanpad at 15:18. Received notification from Abundance (transferring from) that they'd sent funds across at 16:41. Received notification from Loanpad that funds were in my account at 20.31. Wow! I'm impressed with both Loanpad and Abundance's speed in processing this! ...and also hats off to Loanpad for allowing ISA Transfer Authorisation forms to be returned via email. It's normally so frustrating when providers insist that you print, sign, and physically post a form back to them to transfer an ISA. Hope more platforms offer this in future too.
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withnell
Member of DD Central
Posts: 550
Likes: 491
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Post by withnell on Apr 10, 2020 15:29:58 GMT
Similar excellent service for mine - emailed Monday morning, funds there by Weds afternoon (this was a transfer in of a cash ISA from a traditional bank)
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Post by birdie on Apr 22, 2021 8:26:06 GMT
Transfer papers e-mailed to Loanpad this morning at 9am, lets see how long it takes.
Steve
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Post by birdie on Apr 29, 2021 10:50:13 GMT
Transfer papers e-mailed to Loanpad this morning at 9am, lets see how long it takes. Steve Completed this morning and now earning interest.
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Post by Ace on Apr 29, 2021 11:01:43 GMT
Transfer papers e-mailed to Loanpad this morning at 9am, lets see how long it takes. Steve Completed this morning and now earning interest. Almost, it won't actually start earning interest until about 12:30 when the daily allocation algorithm finishes running 😉
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Steerpike
Member of DD Central
Posts: 1,978
Likes: 1,687
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Post by Steerpike on Jun 23, 2021 13:10:10 GMT
Total of 8 days elapsed from submitting ISA transfer request to move idle funds from Assetz ISA to fully invested on Loanpad, very pleased, particularly after the 8 weeks it took to move from Assetz to Hargreaves Lansdown.
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Jun 25, 2021 12:22:15 GMT
Hargreaves Lansdown? ISA transfer?  They’re a disgrace to the industry... |
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trium
Member of DD Central
Posts: 384
Likes: 304
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Post by trium on Aug 2, 2021 8:55:04 GMT
I've done a few ISA transfers in the past but I'm not an expert and I may need my hand holding a little...
I've subscribed to a current year ISA with AC. I am now unable to subscribe to that ISA and I want to transfer it to Loanpad. I understand that rules require transfer of the ISA in its entirety.
While applying for a Loanpad ISA I am required to declare that I have not subscribed to another IFISA this year. I cannot make such a declaration without lying.
How therefore does one achieve transfer of the current year's ISA?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,345
Likes: 11,566
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Post by ilmoro on Aug 2, 2021 12:20:41 GMT
I've done a few ISA transfers in the past but I'm not an expert and I may need my hand holding a little... I've subscribed to a current year ISA with AC. I am now unable to subscribe to that ISA and I want to transfer it to Loanpad. I understand that rules require transfer of the ISA in its entirety. While applying for a Loanpad ISA I am required to declare that I have not subscribed to another IFISA this year. I cannot make such a declaration without lying. How therefore does one achieve transfer of the current year's ISA? If you are transferring then you won't be subscribing to another IFISA this year as effectively once you have transferred all funds then the AC subscription never took place. Basically it's a tortuous way of saying I won't have current year funds in two ISA of the same type. I would speak to LP if you are concerned.
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mogish
Member of DD Central
Posts: 1,105
Likes: 527
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Post by mogish on Nov 25, 2021 16:05:45 GMT
24 hrs from zopa to Loanpad.Both companies sending an e mail advising progress.
Very impressed. There is hope for good old customers service still.
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trium
Member of DD Central
Posts: 384
Likes: 304
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Post by trium on Nov 26, 2021 12:11:46 GMT
24 hrs from zopa to Loanpad.Both companies sending an e mail advising progress. Very impressed. There is hope for good old customers service still. It's taken two weeks to transfer a Virgin cash ISA to Loanpad. However, I'm unable to do an online authority as I don't have a scanner, so I'm relying on the post - it took 7 days (5 working days) from posting for Loanpad to acknowledge receipt. Also, Virgin don't do electronic transfers so that's done by post too. Finally, it took 2 days for the cash to get from one provider to the other, though I remember a transfer where M&G insisted on sending a cheque through the post which HSBC then required 10 working days to clear! Under the circumstances, I am not dissatisfied with this latest experience.
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Post by overthehill on Nov 26, 2021 12:27:28 GMT
24 hrs from zopa to Loanpad.Both companies sending an e mail advising progress. Very impressed. There is hope for good old customers service still. It's taken two weeks to transfer a Virgin cash ISA to Loanpad. However, I'm unable to do an online authority as I don't have a scanner, so I'm relying on the post - it took 7 days (5 working days) from posting for Loanpad to acknowledge receipt. Also, Virgin don't do electronic transfers so that's done by post too. Finally, it took 2 days for the cash to get from one provider to the other, though I remember a transfer where M&G insisted on sending a cheque through the post which HSBC then required 10 working days to clear! Under the circumstances, I am not dissatisfied with this latest experience. A photograph using your phone will do just the same as a scan.
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They’re a disgrace to the industry...