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HELP!!! ISA stuff
Former Member
Posts: 1,876,323 The Mix Honorary Guru
I have managed to get myself in relative finanicial problems. Normal for students but not really feasible for what I have to do over the next 3 weeks when I have £56 pounds to my name. So right I have a reasonably substantial Instant Access ISA. I'm £750 overdrawn in my CURRENT account so naturally are getting charged and my STUDENT account wont be opened for another week at the very earliest. So I dont really understand the ISA thing, can I take say £1000 out of it and then pay the money back in in like 3 weeks?thanks you
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We could withdraw money from our ISA if we wanted, but we put a 30% withdrawal penalty on it to keep the savings intact.
At a guess you'll be able to withdraw as usual, but you wont be able to put it back into that account...
That's how it worked when I worked at the bank anyway.
There isn't anything to lose by asking, but its a bank, not a charity.