Communication is really poor
Communication is really poor. My first time of completing a cash ISA transfer and so in uncharted territory. Completed the application and received an e-mail stating the transfer will be processed and once completed they would confirm. After 18 days of hearing nothing I messaged Castle Trust on their preferred platform of secure messaging and no response so rang them which obviously these days incurs a lengthy wait. The transfer went through and I have had the need to ask another question which again still hasn’t been answered. Seems the only way to get any queries answered is call them and wait, usually in my experience 20 minutes on average. As an aside my transfer went through with the interest from the previous year and when I queried could I withdraw this, was told I would have to pay a £200 “exit fee”! Now I understand this was my fault as I believed when the whole amount went over I would be able to withdraw the interest and leave the rest invested… obviously not. £200 to transfer a minimal amount from a bank to another bank is ridiculous as that is a core function of what banks do. I can honestly say that when the 12 month period is up I will move away as dealing with a bank that won’t communicate with you and is holding a sizeable chunk of your savings is poor. I have given 2 stars instead of 1 as the positives were a decent interest rate at the time and a simple enough application process.
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