A cash transfer lets you move money between ISA providers without losing your tax-free benefits.
What happens after I submit a transfer via the app?
When you submit your transfer request in the app, we automatically generate your Transfer Authority Form and send it to your existing provider.
We’ll then coordinate directly with them, receive your funds, and add them to your Trading 212 ISA once the transfer completes.
Are there any fees to transfer my Cash ISA?
We don’t charge any fees. However, your other provider might so it’s worth checking with them before you submit a transfer request.
Is making a transfer going to affect my allowance?
No, transferring an ISA to or from another provider won’t affect your £20,000 annual allowance, regardless of how many transfers you make.
How long does a transfer take?
HMRC guidelines recommend 15 working days for Cash ISA transfers.
Actual times can vary depending on your provider’s internal processes.
At Trading 212, transfers often complete significantly faster than these guidelines; however, the exact timeline can vary depending on the processes involved on both sides. While we aim to complete all transfers as quickly as possible, the overall timeline is influenced by both providers.
Can I cancel my ongoing transfer?
Yes, to cancel your transfer:
- Go to the Portfolio Transfer tab.
- Select your transfer.
- Tap Cancel Transfer.