Why do I need to set up a Direct Debit when signing up on the Moneybox website?

The bank account you link during registration is the account you can use to make manual bank transfers into your Moneybox Cash ISA, and is also the account we’ll pay any withdrawals to.

Setting up a Direct Debit doesn’t mean you need to commit to recurring payments, and you can cancel your DD with your bank at any point.

If you choose to use the Moneybox app to manage your Cash ISA or open any other Moneybox products, you’ll be able to set up recurring weekly and monthly payments which are taken from your linked bank account via your Direct Debit.