Moving Stock and Shares ISA to Trading 212

UK Monzo Chat
1

Hello everyone,

I’m currently trying to move my Monzo Stocks and Shares ISA over to Trading 212, mainly to take advantage of the lower fees and increased control.

I’ve used the Portfolio Transfer tool in Trading 212 before (it worked perfectly for my Nutmeg transfer), but I’m hitting a wall with Monzo. It seems to be a conflict in how the transfer is categorized:

  1. If I select “Stocks and Shares” in the T212 app, it says the provider (Monzo) doesn’t allow this type of transfers.

  2. If I select “Cash,” Monzo rejects the request because the account I hold with them is technically a Stocks and Shares ISA.

When I moved from Nutmeg, the “Stocks and Shares” path allowed me to choose between Cash Value or In-Specie, but that doesn’t seem to be an option here. Has anyone successfully moved a Monzo ISA to Trading 212? If so, did you have to go through a specific manual process?

Thanks in advance!

1 Like
2

Argh, this sounds hellish.

I don’t have a Monzo ISA, but is there a way to sell your holdings to cash inside the ISA wrapper then move them over that way?

3

I would contact Trading 212, Monzo do allow S&S transfers as per Monzo Help - How do I transfer my ISA? so the onus is on T212 to sort their end out.

1 Like
4

I think even if this let me it still wouldn’t transfer as it would still be classed as a Stocks and Shares ISA

5

Sounds like an issue with 212 not supporting it, the database could be old on their side so it needs updating to reflect Monzo product offering.

6

Might be that T212 don’t support the funds you’re trying to transfer.

7

I transferred my Monzo S&S ISA into a T212 S&S ISA late 2024. All went pretty smoothly as I recall.

Whole process from initiation to funds received in T212 was under 6 weeks.

My only complaint was with how long it took Monzo to sell off my assets. The market had a downward turn shortly after I initiated the transfer, which meant I realised about £900 of lost gains while Monzo was taking FOREVER to liquidate my portfolio.