Edale’s ISA is available to international people to open an ISA account when they are resident in the UK. We support the ISA with financial advice and support. This account will accept expat Americans that are resident in the UK.
To open an account, visit https://edale.co/open-ISA/ and follow the simple instructions below.
At the first screen, enter your :
- Email address
- Username in words and numbers (no spaces or special characters)
- Select a secure password
- Country selection should default to the UK
On the next screen, select
- Type of account. Most clients choose a “Stocks and Shares ISA”
- If relevant; you will be asked the following:
- The Legal Residents question will be “No” for most clients
- The beneficial ownership is “Yes” for most clients
On the next screen;
- Enter your title and name in the relevant boxes
- Start typing your address in your address line one, and it will offer to autopopulate the fields as you write your full address
- Select if you are a dual citizen and also the countries of birth as may be relevant for you.
- Add a mobile number
- Complete the personal information
- Add tax residency with suitable Tax Identification Numbers like National Insurance number for the UK and Social Security number for the USA
- Add your employment information.
- Add your source of wealth, for most clients, this is 100% Income from Employment.
- Complete security questions
Next, you will get a confirmations screen to make disclosures and confirm your account.
- Enter the mobile phone confirmation number you received
- Confirm your national tax identification information
Configuring your account
Edale has defaulted some of the main trading permissions and assets that are more suitable for you:
- Income and Wealth information is a short view of your financial worth
- Investment objectives for most clients are growth and/or income with capital preservation
- You may be requested to complete some knowledge quizzes
- If relevant, click the cross in the right-hand side ie “x” on any investment asset class you are not likely to invest in
- Trading experience, add your experience, quantity of trade and level of knowledge for equities and bonds
- Confirm if you are an employee of a publicly traded company.
- For most clients, this is “No”
- If “Yes”, add the stock market symbol of the company
- Confirm if you control the publicly traded company. For most clients, this is “No”
- Confirm your tax residency
- Confirm Acceptance of IRS rules
- Enter your full name in the signature box for the tax information
- Tick the box on tax information sharing
- Accept all the Agreements and Disclosures. Given the nature of financial service regulations in global markets, there are lots of forms that are required
- Enter your full name in the signature box to agree to the terms and conditions as well as disclosures
- Ensure that you log in to your email and confirm your email address with the email you’ve received
Any problems please contact us
Transferring an Existing ISA to Edale
Here is the method to transfer an ISA to Edale from another ISA provider.
From the home screen, select Transfer >Transfer Existing ISA. This will allow you to move an ISA from an old provider to your Edale ISA.
You will need to complete the form with the details of your existing ISA
- Enter the account number of the existing ISA account you own.
- Select the provider of your ISA from the drop-down box.
- Enter the total value in £ of the ISA account.
- In most cases, you will need to select to have the positions sold and cash moved or eligible funds moved and the remainder sold and cash moved. Given that many mutual funds are not always available on every platform for effective transfer, this is often the most necessary path. This is the option that says
- “You authorize IB to transfer eligible investments and to ask your provider to sell your investments ineligible for the IB platform and transfer as cash.”
- “You authorise IB to instruct your ISA provider to encash all stocks and shares positions and complete a cash-only transfer.” You should be aware that if a US Person has any gains that you have, they may be taxable as ISAs are looked through from a tax perspective by the us taxman ie IRS.
ISA Bank details for Stocks and Shares ISA Deposits
For funding your account, you can make contributions using the details below.
Transfer Funds to Beneficiary/Account: Interactive Brokers (U.K.) Limited
International Bank Account Number (IBAN): GB20 CHAS 6092 4240 0733 03
SWIFT/BIC Code: CHASGB2LXXX
Sort Code: 609242
Bank Account Number: 40073303
Reference: Your investment account number starting Uxxxxxxxx