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Chip financial Cash ISA move to another provider

ncmscnc
ncmscnc Posts: 120
Sixth Anniversary 10 Posts
Forumite
edited 30 September 2024 at 10:22AM in ISAs & tax-free savings
I am looking to move the cash ISA from Chip to Trading 212. It's asking for account number and sort code but no where to be seen on Chip app. 

Tried the step to deposit with manual transfer option, but only digital banking shows.  

Comments

  • Log in.
    Select ISA
    Add money.
    Manual bank transfer.
    Tick I confirm.
    Continue.
    There are your account numbers.
  • jimjames
    jimjames Posts: 19,474
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
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    You're not depositing money, you're doing an ISA transfer which is a different thing and maintains your allowance. There will be a section somewhere on T212 that allows you to input transfer details. Bear in mind once your ISA is transferred you won't be able to open one with Chip again as per their rules.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • jimjames
    jimjames Posts: 19,474
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    You're not depositing money, you're doing an ISA transfer which is a different thing and maintains your allowance. There will be a section somewhere on T212 that allows you to input transfer details. Bear in mind once your ISA is transferred you won't be able to open one with Chip again as per their rules.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • jimjames said:
    You're not depositing money, you're doing an ISA transfer which is a different thing and maintains your allowance. There will be a section somewhere on T212 that allows you to input transfer details. Bear in mind once your ISA is transferred you won't be able to open one with Chip again as per their rules.
    OP is trying to action an ISA transfer but is just being advised to bring up the deposit screen in the app to find a/c no and sort code of the ISA.

    I was reduced to asking my bank to translate a FP reference of a deposit into the Chip ISA to get this data. 
  • SteveP62
    SteveP62 Posts: 2
    First Post
    Newbie

    I have the new Chip Smart Cash ISA and this doesn’t seem to have a sort code and account number, just a reference number

    I’ve asked Chip support several times how I can transfer out, and they say the new provider must support the reference number rather than sort code & account, but I’m struggling to find any providers that support this.

    I’ve asked Chip to advise who supports this but they never answer that.

    Anyone managed to transfer out from the Smart ISA? If so how and to where?

  • masonic
    masonic Posts: 30,830
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    edited 27 June at 9:00PM

    Chip is correct and the vast majority of ISA providers can accept transfers from accounts that aren't identified by a sort code and account number. Those that cannot generally have deficiencies in their transfer form. Such accounts have existed since ISAs were first introduced.

    There was a similar thread started a few days ago:

    Which providers have you tried unsuccessfully?

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