Yes, you can request a transfer directly from the mobile or web app. Simply tap on 'Portfolio transfer' and follow the steps.
What is an ISA Transfer?
An ISA transfer is the ability to move assets held with one ISA manager to another, keeping the investments within the tax-efficient wrapper.
Can I transfer my existing stocks, or do I have to sell them and transfer cash?
Depending on the provider from which you wish to transfer, you'd have both options. Look for your provider in our supported brokers list. If it's not on there, feel free to contact us for more details.
How do I request an ISA transfer to Trading 212?
- Access your account menu
- Tap on Portfolio transfer
- Choose between In specie or Cash transfer
In specie | Cash transfer |
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What happens after I follow the steps?
- You will receive our confirmation when the form is reviewed
- The application will be sent to your other provider
- Updates on the transfer will be sent to you via the app
- We'll let you know as soon as all transferred stocks and/or cash have arrived
You should check with your provider whether they can transfer uninvested cash electronically, as we do not accept cheques.
Is there a transfer fee? 🤑
Trading 212 does not charge a fee for an ISA transfer. Your current provider may charge exit fees, and it’s worth checking with them first - we wouldn’t want you to lose money.
How is the transfer going to affect my allowance?
Transferring doesn’t count towards your ISA allowance, which is £20,000 in the 2023/2024 tax year. You can transfer an ISA at any time in the tax year.
Note: Investments aren't as secure as cash. They can go down as well as up in value, so you could get back less than you put in.