How can I withdraw my money from my Stocks & Shares ISA or GIA?
You can withdraw from an ISA or GIA free of charge, any time, providing the funds you’re withdrawing are fully settled (i.e. no pending deposits or investments). You can do this in the app by going to Settings > Withdraw and the process takes up to 2-3 weeks to complete. Please note you can only have one withdrawal request active at a time.
You may receive a little more or less than you have chosen to withdraw. This is because the funds are priced daily and your valuation is based on the most recent price provided to us. It can take up to one business day from the time of your withdrawal request for us to instruct the fund manager to sell the funds. Once the trades have settled, the proceeds will be sent to your bank account. At this stage, you’ll receive an email to confirm the payment has been sent, and will receive the funds within 3-5 working days.
If making a partial withdrawal you must leave a minimum of £5 in your ISA/GIA. If this is problematic you can make a full withdrawal at any time.
Money can only be withdrawn from a Junior ISA by the child once they reach the age of 18. For more information please visit the Junior ISA FAQ section or contact our support team via support@moneyboxapp.com.
For information on our Lifetime ISA withdrawals, please visit the Lifetime ISA FAQs section or contact our support team.
