diff --git a/packages/loot-core/src/server/accounts/transfer.ts b/packages/loot-core/src/server/accounts/transfer.ts
index 36e666c3469..8d4e0d84f8d 100644
--- a/packages/loot-core/src/server/accounts/transfer.ts
+++ b/packages/loot-core/src/server/accounts/transfer.ts
@@ -154,6 +154,10 @@ export async function onDelete(transaction) {
 export async function onUpdate(transaction) {
   const transferredAccount = await getTransferredAccount(transaction);
 
+  if (transaction.is_parent) {
+    return removeTransfer(transaction);
+  }
+
   if (transferredAccount && !transaction.transfer_id) {
     return addTransfer(transaction, transferredAccount);
   }
diff --git a/upcoming-release-notes/1751.md b/upcoming-release-notes/1751.md
new file mode 100644
index 00000000000..8ff15646aeb
--- /dev/null
+++ b/upcoming-release-notes/1751.md
@@ -0,0 +1,6 @@
+---
+category: Bugfix
+authors: [joel-jeremy]
+---
+
+Prevent parent transaction being added to transfer account when splitting an existing transaction.