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Question

Why might an ISA be closed within 30 days of it being opened?

Answer

Barclays will allow an ISA to be opened without a Date of Birth and a National Insurance Number, however this information is required within 30 days of opening or the ISA will be closed.  If the account is not fully verified the ISA will be closed and all holdings/cash transferred to a MarketMaster.

If a client has not funded an ISA within 30 days the ISA will be closed.

For telephone openings a Two way agreement is required.  If this is not received within 30 days the account will be closed.

For online and telephone opening bank verification is required.  If this is not received within 30 days the account will be suspended.  This will be lifted when bank verification is received.

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