diff --git a/packages/cashier/src/stores/account-transfer-store.js b/packages/cashier/src/stores/account-transfer-store.js
index 30c618e3c36a..484ffbbafb8b 100644
--- a/packages/cashier/src/stores/account-transfer-store.js
+++ b/packages/cashier/src/stores/account-transfer-store.js
@@ -12,6 +12,7 @@ import {
     getPropertyValue,
     validNumber,
     CFD_PLATFORMS,
+    routes,
 } from '@deriv/shared';
 import { localize, Localize } from '@deriv/translations';
 import Constants from '../constants/constants';
@@ -388,6 +389,9 @@ export default class AccountTransferStore {
         const arr_accounts = [];
         this.setSelectedTo({}); // set selected to empty each time so we can redetermine its value on reload
 
+        const is_from_pre_appstore =
+            this.root_store.client.is_pre_appstore && !location.pathname.startsWith(routes.cashier);
+
         accounts.forEach(account => {
             const cfd_platforms = {
                 mt5: { name: 'Deriv MT5', icon: 'IcMt5' },
@@ -482,8 +486,16 @@ export default class AccountTransferStore {
                     // check if selected to is not allowed account
                     obj_values.error = getSelectedError(obj_values.value);
                 }
-                // set the first available account as the default transfer to account
-                this.setSelectedTo(obj_values);
+
+                const { account_id, login } = this.root_store.traders_hub?.selected_account;
+
+                //if from appstore -> set selected account as the default transfer to account
+                //if not from appstore -> set the first available account as the default transfer to account
+                if (!is_from_pre_appstore) {
+                    this.setSelectedTo(obj_values);
+                } else if ([account_id, login].includes(account.loginid)) {
+                    this.setSelectedTo(obj_values);
+                }
             }
             arr_accounts.push(obj_values);
         });
@@ -546,10 +558,9 @@ export default class AccountTransferStore {
             // not allowed to transfer from MT to MT
             // not allowed to transfer from Dxtrade to Dxtrade
             // not allowed to transfer between MT and Dxtrade
-            const first_non_cfd = this.accounts_list.find(
-                account => !account.is_mt && !account.is_dxtrade && !account.is_derivez
-            );
-            this.onChangeTransferTo({ target: { value: first_non_cfd.value } });
+            // if new value of selected_from is different from selected_to
+            // switch the value of selected_to to current client loginid
+            this.onChangeTransferTo({ target: { value: this.root_store.client.loginid } });
         }
 
         if (hasTransferNotAllowedLoginid(selected_from.value)) {