May 2024 Cash ISA £50 cashback incentive – available to select Cash ISA customers who open either a Stocks & Shares ISA or General Investment Account and deposit a minimum of £500 between 8 and 31 May 2024.

Open Stocks & Shares ISA

Open General Investment Account

 

Investing Cashback Offer May 2024 – FAQs 

How does it work?

We’re offering £50 cashback to select Cash ISA customers who open either a Stocks & Shares ISA or General Investment Account (GIA) and deposit a minimum of £500 between 8 and 31 May 2024.

To qualify, all you need to do is open one of the above accounts (Settings > Accounts), and deposit a minimum of £500 with an instant bank transfer or our weekly collection cycle before 31 May 2024. You can either invest your deposit straight away, or add it to your Available Cash to invest later on.

Please note that if you opt to deposit through our weekly collection, our final collection before the offer window closes will take place on Wednesday 29 May 2024 at midday.

You’ll need to keep the qualifying deposit of £500 in your account until 31 August 2024 in order to qualify for your cashback, which will be paid into your new investment account on 12th September. T&Cs apply, see below.

 

Why haven’t I been included in this incentive?

We’re running this offer to a pre-selected group of existing Cash ISA customers, so only those who were contacted by email and meet the other conditions set out in the T&Cs will be eligible for this promotion.

We run a variety of offers throughout the year, so keep an eye out for future incentives.

 

Have I qualified? 

As long as you meet the eligibility criteria (see T&Cs below), have opened a Stocks & Shares ISA or General Investment Account with Moneybox and deposited a minimum of £500 into your new account between 8 and 31 May, you’ll qualify for cashback. Once you’ve made a deposit, you should receive an email from us letting you know that you’ve qualified for the offer.

Note that you’ll need to hold the qualifying deposit of £500 in your account until 31 August 2024 in order to receive your cashback, and this will be paid into your newly opened Stocks & Shares ISA or GIA on 12th September 2024, providing you meet the eligibility criteria (see T&Cs below).

 

When will I receive my cashback?

Provided you’ve met our eligibility criteria (see T&Cs below), we’ll pay £50 cashback into your newly opened Moneybox Stocks & Shares ISA or GIA on 12th September 2024. You’ll also receive an email from us after 31 August 2024 confirming when your cashback will be paid.

If you’ve opened both a Stocks & Shares ISA and General Investment Account, we’ll pay your cashback into whichever product has the higher balance.

If we cannot pay this into your investment product (for instance, if you have reached your yearly ISA allowance), we’ll pay this into one of your other Moneybox products instead.

Please note that you’ll need to hold the qualifying deposit in your qualifying product until 31 August 2024 in order to receive your cashback.

All investing should be long term (min. 5 years). The value of your investments can go up and down, and you may get back less than you invest.

Before committing to the longer term nature of investments, you should have a short-term cash supply available for emergencies.

Investment accounts have a £1 monthly subscription fee (free for your first three months). Annual platform fees of 0.45% also apply (charged monthly). Fund provider fees also apply, charged directly by the fund provider.  

 

Investing Cashback Offer May 2024 – T&Cs

Promoter

This cashback offer (“Offer”) is operated and promoted by Digital Moneybox Limited, a limited company registered in England & Wales with the company number 09597755 whose registered office is Suite 1.07 1-2 Hatfields, London SE1 9PG (“Moneybox”, or “we” / “us” / “our”).

How to enter and eligibility

1. The Offer is available from 8 May 2024 to 31 May 2024 (the “Offer Window”). 

2. To be eligible to receive the Cashback (as defined below), you must satisfy all the following requirements (together, the “Offer Requirements”):

     a. have been contacted directly by us by email informing you of this promotion;

     b. have opened a Moneybox Cash ISA, as your first product with Moneybox, in the following date ranges:
          i. Between 1 and 30 November 2023; or
          ii. Between 1 and 31 March 2024;

     c. during the Offer Window, open either your first Moneybox General Investment Account or a Moneybox Stocks & Shares ISA (each a “Qualifying Product”) and not cancel the Qualifying Product within the cancellation period;

     d. make a minimum deposit of £500 (“Qualifying Deposit”) into either the Moneybox General Investment Account or Moneybox Stocks & Shares ISA by:
          i. in respect of any deposits made by Direct Debit (i.e. weekly collections), 11:59am on 29 May 2024; or
          ii. in respect of any deposits made by Instant Bank Transfer (IBT), 11:59pm on 31 May 2024; and

     e. satisfy the eligibility requirements as set out in Section 6 of the Moneybox Promotional Terms.

3. You will not be eligible for the Offer if you do any of the following:

     a. have opened any other products with Moneybox prior to opening your Cash ISA; 

     b. withdraw or transfer out the Qualifying Deposit from your Qualifying Product prior to 31 August 2024;

     c. have opened either a Moneybox General Investment Account or a Moneybox Stocks & Shares ISA prior to the start of the Offer Window;

     d. close, cancel or transfer the Qualifying Product prior to 31 August 2024; or

     e. close, cancel or transfer your Moneybox Cash ISA prior to 31 August 2024.

4. You can either invest your Qualifying Deposit or hold it in your Available Cash.

5. For the purpose of these terms and conditions, your Qualifying Product will be treated as open on completion of the registration process at which point it will be visible in ‘Your active accounts’ section through the ‘Accounts’ option in the ‘Settings’ tab in the Moneybox app and provided you did not cancel your product within the cancellation period. 

Reward Contribution

6. The value of your cashback reward (“Cashback”) will be £50 as long as all of the Offer Requirements are met, and you have not taken any of the actions specified at paragraph 3  above. Nothing in this Offer restricts your ability to deposit more than £500 into one or more Qualifying Products, however, you are only eligible for one Cashback of £50, even if more than one Qualifying Product is opened.

7. Moneybox will pay the Cashback by 12 September 2024.

8. The Cashback will be paid into your Qualifying Product subject to you having, as far as Moneybox is aware, sufficient available ISA allowance in the tax year that the Cashback is due to be paid. If you have opened more than one Qualifying Product, your Cashback will be paid into whichever product has the higher balance. If you have maxed out your annual ISA allowance, and you have another, non tax-wrapped Moneybox product, we will pay the Cashback to that product. If you have maxed out your ISA allowance and have no other Moneybox products, we will pay the Cashbackinto your linked personal bank account.

9. If you have any ISA products with any other ISA managers other than Moneybox and the Cashback will result in you exceeding your annual ISA allowance, please inform us by contacting support@moneyboxapp.com prior to 12 September 2024

Other

10. These terms (the “Offer Terms”) supplement the Moneybox Terms and Conditions (including the Moneybox Promotional Terms). To the extent there is a discrepancy between these Offer Terms and the Moneybox Terms and Conditions (including the Moneybox Promotional Terms), the Moneybox Terms and Conditions shall prevail.

11. By participating in the Offer, you are deemed to have accepted these Offer Terms.  If you do not want to participate in the Offer, please contact us to be opted out. 

12. Moneybox does not give tax advice or take account of your individual tax position. You are responsible for understanding your own tax position in relation to any Moneybox product you hold and the Cashback.

13. Neither the Offer nor the Cashbackand any communications in respect of the same constitute a recommendation by us to you to hold any particular Moneybox product or investment. Moneybox does not provide financial or investment advice and you should make your own decisions on what investments are right for you, alternatively seek independent advice.