diff --git a/indexer/services/socks/__tests__/constants.ts b/indexer/services/socks/__tests__/constants.ts
index 8d78444bc3..3c33c31ebf 100644
--- a/indexer/services/socks/__tests__/constants.ts
+++ b/indexer/services/socks/__tests__/constants.ts
@@ -6,6 +6,8 @@ import {
   TRADES_WEBSOCKET_MESSAGE_VERSION,
 } from '@dydxprotocol-indexer/kafka';
 import {
+  TransferSubaccountMessageContents,
+  TransferType,
   MAX_PARENT_SUBACCOUNTS,
 } from '@dydxprotocol-indexer/postgres';
 import {
@@ -102,3 +104,20 @@ export const childSubaccountMessage: SubaccountMessage = {
   contents: defaultContentsString,
   version: SUBACCOUNTS_WEBSOCKET_MESSAGE_VERSION,
 };
+
+export const defaultTransferContents: TransferSubaccountMessageContents = {
+  sender: {
+    address: defaultOwner,
+    subaccountNumber: defaultAccNumber,
+  },
+  recipient: {
+    address: defaultOwner,
+    subaccountNumber: defaultChildAccNumber,
+  },
+  symbol: 'USDC',
+  size: '1',
+  type: TransferType.TRANSFER_IN,
+  transactionHash: '0x1',
+  createdAt: '2023-10-05T14:48:00.000Z',
+  createdAtHeight: '10',
+};
diff --git a/indexer/services/socks/__tests__/helpers/from-kafka-helpers.test.ts b/indexer/services/socks/__tests__/helpers/from-kafka-helpers.test.ts
index 7415f12f18..d4ba610d6c 100644
--- a/indexer/services/socks/__tests__/helpers/from-kafka-helpers.test.ts
+++ b/indexer/services/socks/__tests__/helpers/from-kafka-helpers.test.ts
@@ -20,6 +20,7 @@ import {
   childSubaccountMessage,
   tradesMessage,
   defaultChildAccNumber,
+  defaultTransferContents,
 } from '../constants';
 import { KafkaMessage } from 'kafkajs';
 import { createKafkaMessage } from './kafka';
@@ -36,6 +37,8 @@ import {
   testMocks,
   perpetualMarketRefresher,
   CandleResolution,
+  TransferSubaccountMessageContents,
+  SubaccountMessageContents, TransferType,
 } from '@dydxprotocol-indexer/postgres';
 
 describe('from-kafka-helpers', () => {
@@ -153,6 +156,113 @@ describe('from-kafka-helpers', () => {
       expect(messageToForward.subaccountNumber).toEqual(defaultChildAccNumber);
     });
 
+    it('filters out transfers between child subaccounts for parent subaccount channel', () => {
+      const transferContents: SubaccountMessageContents = {
+        transfers: {
+          ...defaultTransferContents,
+          sender: {
+            address: defaultOwner,
+            subaccountNumber: defaultAccNumber,
+          },
+          recipient: {
+            address: defaultOwner,
+            subaccountNumber: defaultChildAccNumber,
+          },
+          type: TransferType.TRANSFER_IN,
+        },
+      };
+      const message: KafkaMessage = createKafkaMessage(
+        Buffer.from(Uint8Array.from(SubaccountMessage.encode(
+          {
+            ...childSubaccountMessage,
+            contents: JSON.stringify(transferContents),
+          },
+        ).finish())),
+      );
+      const messageToForward: MessageToForward = getMessageToForward(
+        Channel.V4_PARENT_ACCOUNTS,
+        message,
+      );
+
+      expect(messageToForward.channel).toEqual(Channel.V4_PARENT_ACCOUNTS);
+      expect(messageToForward.id).toEqual(`${defaultOwner}/${defaultAccNumber}`);
+      expect(messageToForward.contents).toEqual({});
+      expect(messageToForward.subaccountNumber).toBeDefined();
+      expect(messageToForward.subaccountNumber).toEqual(defaultChildAccNumber);
+    });
+
+    it.each([
+      [
+        'transfer between other parent/child subaccount',
+        {
+          ...defaultTransferContents,
+          sender: {
+            address: defaultOwner,
+            subaccountNumber: defaultAccNumber + 1,
+          },
+          recipient: {
+            address: defaultOwner,
+            subaccountNumber: defaultChildAccNumber,
+          },
+        },
+      ],
+      [
+        'deposit',
+        {
+          ...defaultTransferContents,
+          sender: {
+            address: defaultOwner,
+            subaccountNumber: undefined,
+          },
+          recipient: {
+            address: defaultOwner,
+            subaccountNumber: defaultChildAccNumber,
+          },
+          type: TransferType.DEPOSIT,
+        },
+      ],
+      [
+        'withdraw',
+        {
+          ...defaultTransferContents,
+          sender: {
+            address: defaultOwner,
+            subaccountNumber: defaultChildAccNumber,
+          },
+          recipient: {
+            address: defaultOwner,
+            subaccountNumber: undefined,
+          },
+          type: TransferType.WITHDRAWAL,
+        },
+      ],
+    ])('does not filter out transfer message for (%s)', (
+      _name: string,
+      transfer: TransferSubaccountMessageContents,
+    ) => {
+      const transferContents: SubaccountMessageContents = {
+        transfers: transfer,
+      };
+      const message: KafkaMessage = createKafkaMessage(
+        Buffer.from(Uint8Array.from(SubaccountMessage.encode(
+          {
+            ...childSubaccountMessage,
+            contents: JSON.stringify(transferContents),
+          },
+        ).finish())),
+      );
+      const messageToForward: MessageToForward = getMessageToForward(
+        Channel.V4_PARENT_ACCOUNTS,
+        message,
+      );
+
+      expect(messageToForward.channel).toEqual(Channel.V4_PARENT_ACCOUNTS);
+      expect(messageToForward.id).toEqual(`${defaultOwner}/${defaultAccNumber}`);
+      expect(messageToForward.contents).toEqual(transferContents);
+      expect(messageToForward.subaccountNumber).toBeDefined();
+      expect(messageToForward.subaccountNumber).toEqual(defaultChildAccNumber);
+    });
+
     it('throws InvalidForwardMessageError for empty message', () => {
       const message: KafkaMessage = createKafkaMessage(null);
 
diff --git a/indexer/services/socks/src/helpers/from-kafka-helpers.ts b/indexer/services/socks/src/helpers/from-kafka-helpers.ts
index 6577712435..38397fbe1b 100644
--- a/indexer/services/socks/src/helpers/from-kafka-helpers.ts
+++ b/indexer/services/socks/src/helpers/from-kafka-helpers.ts
@@ -3,13 +3,16 @@ import {
   perpetualMarketRefresher,
   PROTO_TO_CANDLE_RESOLUTION,
   parentSubaccountHelpers,
+  SubaccountMessageContents,
 } from '@dydxprotocol-indexer/postgres';
+import { getParentSubaccountNum } from '@dydxprotocol-indexer/postgres/build/src/lib/parent-subaccount-helpers';
 import {
   CandleMessage,
   MarketMessage,
   OrderbookMessage,
   TradeMessage,
-  SubaccountMessage, CandleMessage_Resolution,
+  SubaccountMessage,
+  CandleMessage_Resolution,
 } from '@dydxprotocol-indexer/v4-protos';
 import { KafkaMessage } from 'kafkajs';
 
@@ -91,7 +94,7 @@ export function getMessageToForward(
         channel,
         id: getParentSubaccountMessageId(subaccountMessage),
         subaccountNumber: subaccountMessage.subaccountId!.number,
-        contents: JSON.parse(subaccountMessage.contents),
+        contents: getParentSubaccountContents(subaccountMessage),
         version: subaccountMessage.version,
       };
     }
@@ -133,3 +136,35 @@ function getCandleMessageId(candleMessage: CandleMessage): string {
   }
   return `${ticker}/${PROTO_TO_CANDLE_RESOLUTION[candleMessage.resolution]}`;
 }
+
+function getParentSubaccountContents(msg: SubaccountMessage): SubaccountMessageContents {
+  // Filter out transfers between child subaccounts of the same parent subaccount.
+  const contents: SubaccountMessageContents = JSON.parse(msg.contents) as SubaccountMessageContents;
+  if (contents.transfers === undefined) {
+    return contents;
+  }
+
+  const senderAddress: string = contents.transfers.sender.address;
+  const recipientAddress: string = contents.transfers.recipient.address;
+
+  if (senderAddress !== recipientAddress) {
+    return contents;
+  }
+
+  const senderSubaccount: number | undefined = contents.transfers.sender.subaccountNumber;
+  const recipientSubaccount: number | undefined = contents.transfers.recipient.subaccountNumber;
+
+  if (senderSubaccount === undefined || recipientSubaccount === undefined) {
+    return contents;
+  }
+
+  const senderParentSubaccountNumber: number = getParentSubaccountNum(senderSubaccount);
+  const recipientParentSubaccountNumber: number = getParentSubaccountNum(recipientSubaccount);
+
+  if (senderParentSubaccountNumber !== recipientParentSubaccountNumber) {
+    return contents;
+  }
+
+  delete contents.transfers;
+  return contents;
+}