Opening an I-web S&S ISA and leaving it dorment.
Opening an I-web S&S ISA and leaving it dorment.
Author
Discussion

Benbay001

Original Poster:

5,893 posts

187 months

Sunday 2nd September 2018
quotequote all
Is there any reason why I shouldn't open a I-web ISA if I don't intend to invest anything yet?
£25 setup fee aside.

Also, are I-web any good?

The reason for wanting it is so that I don't have to spend time sending off proof of ID in the event of a sudden urge to invest in something (i.e. market correction).

Its probably a dumb question, but i'm apprehensive opening new financial accounts.

Thanks in advance

JulianPH

10,084 posts

144 months

Sunday 2nd September 2018
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Benbay001 said:
Is there any reason why I shouldn't open a I-web ISA if I don't intend to invest anything yet?
£25 setup fee aside.

Also, are I-web any good?

The reason for wanting it is so that I don't have to spend time sending off proof of ID in the event of a sudden urge to invest in something (i.e. market correction).

Its probably a dumb question, but i'm apprehensive opening new financial accounts.

Thanks in advance
Firstly, you should not have to pay a £25 set up fee to open such an account.

Secondly, you don't need to send proof of ID in unless you have moved house recently.

Thirdly and finally(!), opening an online account is not exactly high risk these days!!!

The 'I-web' is used by every financial company you will come across. Chill! smile

bitchstewie

67,732 posts

240 months

Sunday 2nd September 2018
quotequote all
He means iweb who are part of Halifax I assume.

If you have any idea what you're looking to hold check you can actually buy it using iweb.

They're funny in that they don't allow trading some very common investment trusts and funds i.e. the entire Lindsell Train range of funds.

If you're not going to trade very much they're low cost, but be aware that if you are going to trade funds regularly they're likely to be significantly more expensive than a lot of other options.

davepoth

29,395 posts

229 months

Sunday 2nd September 2018
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I'm with them, and for what I do (£2.5k a few times a year into dumb trackers) it's perfectly OK, and reasonably priced. I have had a few situations where an ETF I was looking at wasn't available, but overall I'm pretty satisfied.

JulianPH

10,084 posts

144 months

Sunday 2nd September 2018
quotequote all
bhstewie said:
He means iweb who are part of Halifax I assume.

If you have any idea what you're looking to hold check you can actually buy it using iweb.

They're funny in that they don't allow trading some very common investment trusts and funds i.e. the entire Lindsell Train range of funds.

If you're not going to trade very much they're low cost, but be aware that if you are going to trade funds regularly they're likely to be significantly more expensive than a lot of other options.
rofl

Seriously, I have so many friends that call the internet so many different things I assumed this was the case here!

So sorry! We can all look like idiots, but only a special few of us can prove it! smile

Benbay001

Original Poster:

5,893 posts

187 months

Sunday 2nd September 2018
quotequote all
Cheers guys smile
All taken on board.

I dont have any specific things i intend to buy atm.