I have accidentally paid over my limit into two ISA's

[sten102]

Last June I transferred an existing cash ISA into a Nationwide fixed rate ISA and added £1000 extra. A few weeks ago I opened a new fixed rate ISA with Halifax for £5100 (I'm over 50), forgetting about the £1000 from last June. What should I do..?!
Thanks

[factor-fiction]

When I did this (via online transfer) in error they simply refunded the excess amount to me online

[bondy]

I think you'll find that someone will notice. I would just tell them and they'll sort it out You'll have to take some money out if you're over the relevant limits. I didn't think it was possible to do it so you should double check with the banks concerned. Otherwise everybody would be doing it!!

[factor-fiction]

Yes the bank will spot it

[factor-fiction]

Sorry, I've just realised that you have two separate live ISAs. In that case the banks probably won't pick it up yet. Maybe the HMRC will pick it up in a spot check.

When you opened the Halifax ISA you should have been asked to confirm that you hadn't paid into any other cash ISAs in the current tax year.

[pretty_snowdrop]

Contact the bank you don't want to invest in and they will simply remove it.