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Moneyfarm through TCB - £80 cashback for transferring £1 from a current ISA
Moneyfarm through TCB - £80 cashback for transferring £1 from a current ISA

Moneyfarm through TCB - £80 cashback for transferring £1 from a current ISA

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I did this yesterday and it seems like easy money to me. Transfer from £1 from a current ISA to get the cashback of £80. The signup is a little lengthy, but if you can spare the 15 minutes and sending off a form, then it is worth doing. Personally I thought the Stocks and shares ISA looked quite good, so I invested a bit more than £1. Please be aware, you are investing in a Stocks and Shares ISA - your money can go up or down. Transfer of up to £10k incurs no charges in the first year - you may want to remove your investment after a year if you don't want to be charged - although the charges do look low, so if it's done well, you could leave it in.

28 Comments

Original Poster

Other amounts are available:
New transfer of between £1 and £5,000
Exclusive Offer £80.00
New transfer of between £5,001 and £9,999
Exclusive Offer £120.00
New transfer of between £10,000 and £19,999
Exclusive Offer £200.00
New transfer of between £20,000 and £49,999
Exclusive Offer £300.00
New transfer of between £50,000 and £99,999
Exclusive Offer £400.00
New transfer of between £100,000 or more
Exclusive Offer £500.00

are the charges a percentage of your investment or are they set amounts ?

I guess what I am asking , if you transferred £1 from a current isa can you just leave it and forget about it ?

No Reviews on TCB yet , shame

As you are only allowed to have one Stocks and shares ISA per year ,then you would need to transfer the whole of your current ISA to gain this cashback ? Also what are the management fees ? I have been with Fidelity for many years (very reasonable fees ) don't think I'll be jumping ship for a few hundred quid .
Edited by: "rogparki" 16th Mar

Original Poster

rooney10

are the charges a percentage of your investment or are they set amounts ? … are the charges a percentage of your investment or are they set amounts ? I guess what I am asking , if you transferred £1 from a current isa can you just leave it and forget about it ?


Up to 10k, the management fees are £0, with a fund cost average of 0.25%. This means your £1 could sit there for quite a long time without approaching zero.

Original Poster

rogparki

As you are only allowed to have one Stocks and shares ISA per year ,then … As you are only allowed to have one Stocks and shares ISA per year ,then you would need to transfer the whole of your current ISA to gain this cashback ?


Good point. I'm not an expert on this, but presumably you can transfer from a previous year's S&S ISA?
Edited by: "backtothecaves" 16th Mar

I have a spare cash isa with £1.20 in it , would this be acceptable to transfer ?

Banned

Quidco also doing similar deal.

Original Poster

rooney10

I have a spare cash isa with £1.20 in it , would this be acceptable to … I have a spare cash isa with £1.20 in it , would this be acceptable to transfer ?


Yes. You have to transfer the whole amount if it was started this year though.

backtothecaves

I did this yesterday and it seems like easy money to me. Transfer … I did this yesterday and it seems like easy money to me. Transfer from £1 from a current ISA to get the cashback of £80. The signup is a little lengthy, but if you can spare the 15 minutes and sending off a form, then it is worth doing. Personally I thought the Stocks and shares ISA looked quite good, so I invested a bit more than £1. Please be aware, you are investing in a Stocks and Shares ISA - your money can go up or down. Transfer of up to £10k incurs no charges in the first year - you may want to remove your investment after a year if you don't want to be charged - although the charges do look low, so if it's done well, you could leave it in.

anyone know how long this cashback offer will be available, can't see anything of expiry via TCB website? I have a s&s Isa with Shepard's friendly via quidco estimated Cashback will be available by 12 July so hopefully by then will I be eligible for this money farm Isa?

Original Poster

Pateo

anyone know how long this cashback offer will be available, can't see … anyone know how long this cashback offer will be available, can't see anything of expiry via TCB website? I have a s&s Isa with Shepard's friendly via quidco estimated Cashback will be available by 12 July so hopefully by then will I be eligible for this money farm Isa?


No end date currently stated. I have that one too - you should be able to transfer £1 in the next financial year (1st April), but please check with Shepherds about any penalties for moving. Also, I'm not sure what that will do to your cashback from the Shepherds - depends when you took it out and how long they require you to keep in.

backtothecaves

No end date currently stated. I have that one too - you should be able to … No end date currently stated. I have that one too - you should be able to transfer £1 in the next financial year (1st April), but please check with Shepherds about any penalties for moving. Also, I'm not sure what that will do to your cashback from the Shepherds - depends when you took it out and how long they require you to keep in.


I will obviously check with Shepard's B4 transferring but not until I've received my quidco cashback in July , I only started the sheperds £30pm SS Isa this month have to make a minimum of three monthly payments b4 cashback is paid!

Original Poster

Pateo

I will obviously check with Shepard's B4 transferring but not until I've … I will obviously check with Shepard's B4 transferring but not until I've received my quidco cashback in July , I only started the sheperds £30pm SS Isa this month have to make a minimum of three monthly payments b4 cashback is paid!


Then you should be able to transfer £1 in June without losing cashback. You will have paid March, April and May so will qualify for cashback.

Will give it a go with an old £1 ISA I have, thanks

Can't work out if I've done it right or not. I've set up the account and a portfolio and then clicked on transfer current ISA and it asked for how much I wanted to transfer (£1.59) and my NI number but now it just says 'waiting for your paperwork' but it hasn't asked me to complete any paperwork or for details of the ISA I want to transfer in. What paperwork am I missing?
Edited by: "leyloleylo" 16th Mar

leyloleylo

Can't work out if I've done it right or not. I've set up the account and … Can't work out if I've done it right or not. I've set up the account and a portfolio and then clicked on transfer current ISA and it asked for how much I wanted to transfer (£1.59) and my NI number but now it just says 'waiting for your paperwork' but it hasn't asked me to complete any paperwork or for details of the ISA I want to transfer in. What paperwork am I missing?


They send an email with a transfer request form if you've completed it properly I think... . Mine came through immediately to fill in and post back to them... Tcb tracked within an hr too ☺️
Edited by: "angie14" 16th Mar

angie14

They send an email with a transfer request form if you've completed it … They send an email with a transfer request form if you've completed it properly I think... . Mine came through immediately to fill in and post back to them... Tcb tracked within an hr too ☺️


Thanks - TCB has tracked but not had a form. I will contact them to see what is happening

leyloleylo

Thanks - TCB has tracked but not had a form. I will contact them to see … Thanks - TCB has tracked but not had a form. I will contact them to see what is happening


If you search their site, you'll find a form to transfer. However, it is very slightly different to the form which they send via email. I just completed the form in the email as I did receive it.

Created Portfolio , uploaded docs yesterday morning then I just get this which is still saying the same nowwhen I log in .....

Activating your account

Please bear with us while our team verifies your documents. We will let you know as soon as it's done.

Original Poster

rooney10

Created Portfolio , uploaded docs yesterday morning then I just get this … Created Portfolio , uploaded docs yesterday morning then I just get this which is still saying the same nowwhen I log in .....Activating your accountPlease bear with us while our team verifies your documents. We will let you know as soon as it's done.


Might be best to call them - there are 3 steps as I remember - Add personal details, create portfolio and one other. After the third you should get an email. It's not very clear from the website if one is missing though.

backtothecaves

Might be best to call them - there are 3 steps as I remember - Add … Might be best to call them - there are 3 steps as I remember - Add personal details, create portfolio and one other. After the third you should get an email. It's not very clear from the website if one is missing though.


Do you or anyone know can even though I already have a SS Isa with Shepard's friendly, am I allowed to open another with other company for £1 then do the transfer via money farm to get the cashback B4 it expires or changes? Also would you recommend doing this via PC instead of a mobile/tablet? Thanks

I've done it through Quidco as I usually have problems with TCB. Just waiting for it to track now... Hopefully wont be long - its been about 12 hours so far

Original Poster

Pateo

Do you or anyone know can even though I already have a SS Isa with … Do you or anyone know can even though I already have a SS Isa with Shepard's friendly, am I allowed to open another with other company for £1 then do the transfer via money farm to get the cashback B4 it expires or changes? Also would you recommend doing this via PC instead of a mobile/tablet? Thanks


You can only open one ISA per year, so you need to either (a) open this year and transfer all, or (b) open 1st April and transfer part from this years ISA. I would do it on a PC for ease of use.

Says for transfers of £1000 to £5000 for £80

Original Poster

That has changed. Looks like they got wise..

jamesrugman

Says for transfers of £1000 to £5000 for £80


grr snoozed and loosed 160

phoni17th Mar

If you search their site, you'll find a form to transfer. However, it is …If you search their site, you'll find a form to transfer. However, it is very slightly different to the form which they send via email. I just completed the form in the email as I did receive it.



Did any of you ever get your TCB for moneyfarm? Ive tried to transfer my ISA with them, and TCB says i need to validate it with an "order" number. Which i dont have. Any ideas?

stave842nd Sep

Did any of you ever get your TCB for moneyfarm? Ive tried to transfer my …Did any of you ever get your TCB for moneyfarm? Ive tried to transfer my ISA with them, and TCB says i need to validate it with an "order" number. Which i dont have. Any ideas?


It's been a while but it's showing as "Claimed" in my TCB account so I guess I have got it but I can't remember when now. I did not have to validate with any "order" numbers to get it though.
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