Apple One Bundle
My apple id is used for all Family plan purchases including Apple Music. My wife has 2 TB storage plan with her own Apple ID. Can I migrate her storage to the Apple One bundle?
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If you get the Premier Plan, you should be able to. Her subscription should cancel after the one month free trial.
Bundle Apple subscriptions with Apple One - Apple Support
What happens to your iCloud storage plan when you sign up for Apple One - Apple Support