What are the fees?
Moneybox charges two fees:
Fixed subscription fee
£1 per month, free for the first three months.
This fee covers all transactions and all investing costs. Most users invest every week into three tracker funds, meaning that you can make 156 investments per year at just 7p per trade! This fee is charged at the end of each month, by selling down your largest holding.
Platform fee
0.45% of the value of your investments per year. This fee accrues daily but is charged monthly by selling down your largest holding.
Note: This charge is not reflected in the daily valuations posted within the Messages section of the app. It is only reflected on the daily valuation at the end of that month, when you will be charged.
In addition, you will also pay the fund management charges levied directly by the tracker fund providers (Vanguard, Henderson, Blackrock). These fees range from 0.22% – 0.24% per year and are incorporated into the daily fund valuation.
If you withdraw all your money or close your account we calculate the Fixed subscription fee and the Platform fee on a daily basis for that month and deduct these charges before you receive the money.
For more information about Junior ISA fees, please visit the Junior ISA FAQ section.