I’m still getting to grips with the app and moved my savings into a savings pot/cash ISA with Monzo to gain some interest on it. However, having looked at the stocks and shares ISA I decided I liked the look of this more and the idea of potentially earning more, rather than it just being sat there. I’ve opened the stocks and shares ISA but I can’t for the life of me figure out I can transfer the cash isa into this stocks and shares isa. There’s a link for transferring but it sounds like it’s transferring from other companies, rather than internally - plus it asks for an account number anyway which I can’t seem to find anywhere (other than the monzo card account no. but I’d presume it would be different to this, no?). The only other option I can see is withdrawing from my savings pot into my monzo current account and adding it to the stocks and shares isa this way, but that seems overly complicated for something you’d think would be quite simple. Any ideas?
[Monzo Help - Transferring an ISA to Monzo]
(Monzo Help - Transferring an ISA to Monzo)
There’s some guidance here. However that said - the page also says it doesn’t support transferring money from an existing ISA to a Monzo cash ISA. So potentially they may not allow you to transfer an existing Cash ISA even though it’s going into a Monzo Stocks and Shares ISA.
Did this solution work? If not did you manage this another way? Thanks
Bumping this topic.
Is it possible to transfer my Monzo cash ISA balance into my Monzo S&S ISA?
I have no ISA allowance left so assume o can’t withdraw it and put it into the other one.
