End of 2023/24 Tax Year Prize Draw – T&Cs

Terms and Conditions

 

Promoter

The prize draw 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. To qualify for this prize draw you must: 

     a. have or open a “Qualifying Account” (as defined below) via the Moneybox app before or during the “Qualifying Period” (as defined below); and

     b. make a “Qualifying Deposit” (as defined below) during the “Qualifying Period”.

 

2. A “Qualifying Account” means:

     a. An account for any one of the following Moneybox products:

          i. Moneybox Cash Lifetime ISA; or

          ii. Moneybox Stocks & Shares Lifetime ISA; or

          iii. Moneybox Cash ISA; or

          iv. Moneybox Stocks & Shares ISA; or

          v. Moneybox Pension.

     b. An account will be treated as a Qualifying Account only if the registration process is complete, at which point it will be visible in the ‘Your active accounts’ section through the ‘Accounts’ option in the ‘Settings’ tab in the Moneybox app. The Qualifying Account must not be cancelled during the account cancellation period.

 

3. The “Qualifying Period” means 12am on 26 February 2024 to 3pm on 5 April 2024. Note that in order to qualify for the prize draws,  deposits made by Direct Debit (i.e. weekly collections) must be instructed for collection by no later than 11:59am on 3 April 2024 and ‘move money’ requests must be made by 5pm on 4 April 2024.  

 

4. A “Qualifying Deposit” means a total deposit of £100 or more, which has been successfully deposited and credited into a Qualifying Account during the Qualifying Period by no later than 3pm on 5 April 2024, in any one, or combination of, the following ways: 

     a. by Direct Debit (i.e. weekly collections) provided that you have instructed the collection by Direct Debit on or before 11:59am on 3 April 2024 and the deposit is successfully collected thereafter;

     b. by Instant Bank Transfer (IBT);

     c. moving money from a Moneybox Savings Account into a Qualifying Account provided you have made the request by 5pm on 4 April 2024; 

     d. a gift link deposit (which for the purposes of this prize draw will be counted towards the Qualifying Deposits of the recipient, not the depositor, of the gift link deposit); 

     e. a transfer from another ISA or Lifetime ISA provider into a Moneybox Cash Lifetime ISA, Moneybox Stocks & Shares Lifetime ISA, Moneybox Cash ISA, or Moneybox Stocks & Shares ISA.

 

5. In respect of Qualifying Deposits, for the avoidance of doubt: 

     a. it is not necessary to break down deposits of more than £100 into separate deposits; for example, a single deposit of £1,000 will be counted as ten (10) Qualifying Deposits;

     b. smaller sums that cumulatively add up to £100 will be deemed a Qualifying Deposit, such that every multiple of £100 deposited into Qualifying Accounts within the Qualifying Period will be counted as a Qualifying Deposit;

     c. deposits split across more than one Qualifying Account will be aggregated towards Qualifying Deposits; for example, one (1) deposit of £50 into one Qualifying Account and another deposit of £50 into another Qualifying Account will be counted as one (1) Qualifying Deposit;

     d. any withdrawal(s) from any applicable Qualifying Accounts during the Qualifying Period shall be subtracted from the total Qualifying Deposits (apart from a withdrawal from a Moneybox Cash Lifetime ISA or Moneybox Stocks & Shares Lifetime ISA for the purpose of a property purchase, which will not affect your entries); for example, if a deposit of £2,000 (eligible for twenty (20) Qualifying Deposits) is made into a Moneybox Cash ISA and you subsequently withdraw £950 from a Moneybox Stocks & Shares ISA, this will be counted as ten (10) Qualifying Deposits in aggregate;

     e. any one of the following actions mean that your deposit(s) are not eligible for the prize draw:

          i. if you request to transfer your Qualifying Account to another ISA or Lifetime ISA provider and such request to transfer is completed or pending at 11:59pm on 18th April 2024; or

          ii. transfer of your personal pension from another pension provider into a Moneybox Pension, even if the transfer request has been made or is completed during the Qualifying Period.

 

6. Any Qualifying Accounts that are maxed out for the 23/24 tax year either prior to the beginning of the Qualifying Period (before 12am on 26 February 2024), or during the Qualifying Period by making Qualifying Deposits, will entitle you to:

     a. a total of forty (40) entries into the prize draw in respect of a maxed out Moneybox Cash Lifetime ISA or Moneybox Stocks & Shares Lifetime ISA; and

     b. a total of two hundred (200) entries into the prize draw in respect of a maxed out Moneybox Cash ISA or Moneybox Stocks & Shares ISA,

provided that, in each case, no withdrawals are made from the maxed out Qualifying Accounts (apart from a withdrawal from a maxed out Moneybox Cash Lifetime ISA or Moneybox Stocks & Shares Lifetime ISA for the purpose of a property purchase, which will not affect your maxed out entries) prior to 3pm on 5 April 2024.

 

7. Please contact our team on support@moneyboxapp.com or via the in-app chat by 18 April 2024 if you would prefer not to participate, otherwise all applicants that make a Qualifying Deposit into a Qualifying Account will automatically be entered into the prize draw. There is no fee for entering the prize draw. 

 

8. To be eligible to win the draw you must continue to hold your Qualifying Account with us until the date the winners are selected (see below). 

 

Winners

9. Eight (8) winners will be randomly selected in accordance with the laws of chance, consistent with the requirements of Promotional Marketing Rule 8.24 of the CAP Code, by a computer process on 19 April 2024 and notified by email by 11:59pm on 19 April 2024 using contact details registered on the winners’ Moneybox accounts. 

 

10. Each winner will need to respond to Moneybox to confirm they accept or decline the prize within five (5) business days from the date that Moneybox sends the Customer an email notifying them about the prize. 

 

11. If a selected winner(s) does not respond to our email within this timeframe, either to accept or decline the prize, a new winner(s) will be randomly selected by 29 April 2024, and notified within five (5) business days. For the avoidance of doubt, the new selected winner(s) will also need to respond to Moneybox to accept or reject the prize within a five (5) business day timeframe, otherwise a new winner(s) will randomly be chosen following the above process.

 

Prizes

12. There are eight (8) prizes on offer: one (1) prize of £30,000, one (1) prize of £10,000, one (1) prize of £5,000 and five (5) prizes of £1,000 each. The prizes will only be paid to the competition winners (as determined by the process above). The prizes will be paid directly into each winner’s bank account linked to their Moneybox account. We will endeavour to complete the payments within five (5) business days.

 

Other

13. These terms (the “Offer Terms”) supplement the Moneybox Terms & Conditions and the Moneybox Promotional Terms & Conditions available on the Moneybox website and app.  To the extent there is a discrepancy between: (i) these Offer Terms and; (ii) the Moneybox Terms and Conditions and the Moneybox Promotional Terms & Conditions, the Moneybox Terms and Conditions and the Moneybox Promotional Terms & Conditions shall prevail.

 

14. By participating in the prize draw, you are deemed to have accepted these Offer Terms. 

 

15. Please note we are required to make available information that indicates that a valid award took place. To comply with this obligation, we will send the surname and county of the prize winners to anyone requesting this information. If you object to any or all of your surname and county being published or made available, please notify us by contacting us on support@moneyboxapp.com, and we will remove you from the draw. Please note, we must provide details of any prize draw entrants to the Advertising Standards Authority, the Financial Conduct Authority, or any other competent authority requiring such details, on request.

 

16. We will process your name, email address, date of birth, bank details, residential address, and other account details necessary, for the purposes of administering the prize draw. Personal data supplied will be treated as set out in our Privacy Notice.