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ISA Systems & Processes

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

How long can an ISA transfer out take once we've received the request?

(a)  

2.

What form is used to request an ISA transfer in from a Stocks and Shares Lifetime ISA elsewhere to a Lifetime ISA with Skipton?

a)

Lifetime ISA Transfer Authority form

b)

Cash ISA Transfer Authority form

c)

Stocks & Shares Transfer Authority form

d)

Lifetime ISA Application form

3.

True or False - If a customer initiates a cash ISA transfer in online, from an electronic provider, they don't need to fill in a transfer authority form.

a)

True

b)

False

4.

What type of ISA transfer always requires a physical transfer authority form to be filled in?

a)

Electronic

b)

Automatic

c)

Manual

d)

Online

5.

Mr Cook has a remaining ISA allowance of £20k. He then transfers £10k of previous years ISA subscriptions from Barclays to Skipton. What is his remaining allowance?

a)

£0

b)

£10k

c)

£20k

d)

Unlimited

6.

What's the website used to pass security with other ISA providers?

(a)  

7.

If a customer calls looking to transfer their cash ISA from Barclays to Skipton, what should we be suggesting?

a)

The customer can send the funds directly by bank transfer

b)

We can send the ISA transfer authority form

c)

Take a card payment from the customer

d)

We can send the ISA amalgamation/revalidation form

8.

How many days can a stocks and shares ISA transfer take?

(a)  

9.

How soon do we aim to complete cash ISA transfers in?

(a)  

10.

SBS was established in what year?

(a)