The February Round Up

Over the past few months, we have been building our new Open Banking connections that will allow you to securely and directly link your bank account to the Moneybox round ups feature. 🙌

The purpose of Open Banking is to transfer ownership of account information from banks back to you, the customer. The regulation behind it aims to give you control of your financial information and allow you to securely share it with other banks and financial apps, such as Moneybox.  

We’ve been working hard with banks such as Nationwide, who switched off their pre-Open Banking connection early which affected many of our users’ round ups, to build our new system as quickly as possible, so thank you for your patience!

We’re pleased to say our Open Banking connections are now live with a number of banks! 🎉 Over the next few weeks we’ll be releasing new connections to the remainder of banks listed on the Moneybox app and will be contacting users to simply ‘re-connect’ when their bank is ready. 

Under the new Open Banking regulation we’ve also been able to connect to new banks, giving many more of our customers the opportunity to use our round ups feature. Newcomers Revolut and Bank of Scotland can now be linked to your Moneybox account, with more banks on the roadmap. 

Learn more about Open Banking in our blog post!

 

Updates 📝

Pension contributions are here 👏 

In addition to helping you bring together your old workplace pension pots, you will now be able to contribute to your Personal Pension in the same way as your other Moneybox accounts. You’ll be able to set up a weekly payment, one-off contribution or top up your pension with a payday boost! Plus, you can also contribute via round ups and invest the spare change from your everyday purchases. We’re excited to help you make the most of your Personal Pension and start planning for the future. Remember, you can only access your pension savings from the age of 55.

 

Shop new brands on Moneybox+  

We’re adding new Moneybox+ brands each month! February welcomed eBay, Topshop and Sky (to name just a few), so you can now spend and earn rewards on more of your favourite brands. 🛍️ Check out all of our new retailers and Moneybox+ offers in the Discover tab of the app! ️ (T&Cs apply).

 

End of Tax Year ⏱️

The end of the tax year is fast approaching, so if you have an ISA, the time to make the most of your tax-free allowance is now! Here’s what you need to know…

Maximise your Lifetime ISA allowance and bonus 

Maximise your ISA allowance

Final collection

 

In the news 🗞

 

Behind the scenes 🎬  

Did you know that the Moneybox team has grown from 35 to 100 employees over the last year? This month, get to know three of our new starters. Find out about their experience, joining the team and top tips for anyone looking to join Moneybox!