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- How do I manage my MINI eSaver account online?
- Can I manage my account by phone?
- Is my information secure?
- How can I make use of my ISA allowance?
- How do I transfer my existing ISA(s) to a MINI eSaver Cash ISA?
1. How do I manage my MINI eSaver account online?
For security reasons, when you open your MINI eSaver account (after making your initial investment by cheque) you'll be sent the following:
- Your unique User ID
- An information pack containing details on how to operate your account.
These will allow you to manage your account, check your balance and transfer money online.
You can make withdrawals online at any time from your account to a nominated bank or building society account.
2. Can I manage my account by phone?
When you open your MINI eSaver account you'll be sent:
- Your unique User ID
- A 'Memorable Details' form
- Your password
- An information pack containing details on how to operate your account.
These items allow you to operate your account quickly and efficiently by telephone.
If you intend to operate your account by phone you will be required to complete a 'Memorable Details' form and return it to us in the envelope provided. Subsequently, every time that you telephone us we will use this information to verify your identity.
If you make a note of this information, please make sure that you keep it in a safe place and ensure that it remains secret so that the details are known only to you.
3. Is my information secure?
For your protection, all the information you provide to us will be stored within a secure online environment, using the latest security encryption technology. For additional security, you should make sure that you use the latest versions of internet browsers which provide higher levels of security.
4. How can I make use of my ISA allowance?
An ISA gives you the option to use your tax free savings allowance. The overall annual subscription limit is currently £7,200.
There are two types of ISA:
Stocks and Shares ISAs
A Stocks and Shares ISA enables you to invest up to £7,200 each tax year
Cash ISAs
A Cash ISA enables you to invest up to £3,600 each tax year.
The Newcastle Building Society (who provide and administer MONEY BY MINI savings products) is an approved ISA Manager managing Cash ISAs.
You do not have to hold both ISA elements. You can invest in both a Cash ISA and a Stocks and Shares ISA providing you do not exceed the maximum allowance of £7,200 for each tax year. You can not subscribe to more than one Cash ISA or more than one Stocks and Shares ISA in the same tax year.
You can transfer your current year subscriptions from a Cash ISA to a Stocks and Shares ISA. The subscriptions into the Cash ISA are then treated as if they were made to the Stocks and Shares ISA, allowing you to subscribe to a Cash ISA following the transfer.
This Cash ISA option does not satisfy the minimum standards for a deposit-based stakeholder account.
To take advantage of your previous years ISA subscriptions you can transfer your ISA(s) from other ISA providers to MONEY BY MINI, in association with Newcastle Building Society.
5. How do I transfer my existing ISA(s) to a MINI eSaver Cash ISA?
Transferring your ISA from your existing provider to us is easy. All you need to do is provide us with the following information:
- Signed Confirmation that you wish to transfer your ISA(s) from your existing provider(s).
- The name and address of your current ISA provider(s)
- Your ISA number(s)
When making an ISA transfer please complete a Customer Acceptance ISA Transfer Form. A Customer Acceptance ISA Transfer Form will allow you to give us the information we require and can also be used when transferring subscriptions from previous years and investing funds in the current tax year. You must transfer all of the money from your current ISA subscription.
Once we have received your request we will write to your existing provider(s) to request your funds. Should your existing provider(s) have any queries, or should you incur any charges for transferring, you will need to contact them directly to resolve these issues.
Your ISA will then be transferred to Newcastle Building Society (who are an ISA Manager and provide and administer MONEY BY MINI savings products). Your ISA MUST be transferred directly between your existing provider and MONEY BY MINI. You cannot close your existing ISA yourself and then open a MINI eSaver Cash ISA.
If you would like to transfer your existing ISA(s) to a MINI eSaver Cash ISA please print off the Customer Acceptance ISA Transfer Form from the 'Apply Now' section and return this to the following free post address:
MONEY BY MINI, Freepost RLYE-AXEK-ALUY, PO Box 1130, Newcastle upon Tyne NE99 1WB
Alternatively contact us on 0845 607 6160 and we will send you a Customer Acceptance ISA Transfer Form for you to complete and return.
Alternatively take advantage of your tax efficient savings allowance with a MINI eSaver Cash ISA.
