Tax free savings account

[teddybear]

My father in law has opened up a tax free savings account via the standard bank online share trading account (TFSA through OST). He does not invest or trade in shares, so the monthly fee of +R70 is onerous in compared to the Standard Bank online banking version ( TFSA through SBSA IBP) (R10). He would prefer to transfer to the cheaper option. Does anyone know if standard bank can transfer between the two facilities? ps. also refer here https://securities.standardbank.co.za/ost/nsp/brochurewarepublic/ost/docs/Tax_Free_Savings_Account_S...

[Blik]

I initially opened my TFSA in my normal online bank account, and then transferred it to my Trading account - so it can certainly go that way. Just give SFM a call, they are good. They will tell you if you cant transfer your TFSA in your online trading account to you normal bank account.