Hi! I want to move e.g. £1k from GIA to ISA. Do I have to withdraw £1k from GIA to my bank account, then top up my ISA with £1k from my bank account? Or is there a way of doing it within ft? Thanks!
Right now, it’s probably best to withdraw cash from the GIA to your bank account, then deposit cash from your bank account to the ISA (noting that you have different reference numbers for the GIA and ISA).
You can use the in-app chat to ask Freetrade customer service to move the cash for you, which under normal circumstances would probably be faster than waiting for two bank transfers, but they are so overwhelmed right now that I wouldn’t bet on that!
can do it for you, but it’s a manual process and there are a lot of new users right now. So realistically, it would likely be quicker for you to withdraw it and deposit it to the ISA account.
Any idea how long it takes for the £ to appear in my bank account after doing the withdrawal in the ft app? Been a couple of days.
3-5 working days to withdraw