Currently, we can’t support ISA transfers between different ISA types. We can only facilitate ISA transfers from a cash ISA to the Chip Cash ISA, or from a stocks & shares ISA to the Chip Stocks & Shares ISA.
You also won't be able to perform an internal transfer to move money directly between these two accounts. To move your funds, you'll need to withdraw from one account and then deposit into the other.
Important note on ISA flexibility
Chip's ISAs are flexible. A flexible ISA allows you to withdraw funds and replace them within the same tax year without affecting your annual ISA allowance (£20,000). However, some key rules apply:
If you're replacing money originally deposited in previous tax years, it needs to come back to the exact ISA it was withdrawn from.
If you're replacing money originally deposited this tax year, you can replace it into any other flexible ISA you hold, whether it's a different type of ISA or one with another provider.
If withdrawn funds are not replaced within the same tax year, that portion of the allowance is permanently lost.
If previous tax year funds are not replaced before the tax year ends, they are permanently removed from the ISA wrapper and cannot be reinstated.
You can read more about ISA allowance and flexibility here.
Need further help?
If you have any further questions, please get in touch with our support team using the in-app chat. This can be found in the Contact Us section on the Profile tab.