Deposits And Withdrawals

How can I pay in?

There are a few ways you can pay into your Moneybox account! If you hold a S&S ISA, GIA or one of our Lifetime ISAs, you can add payments of £100 or over in minutes using instant bank transfers. To add funds via an instant transfer, head to Accounts > Tap on your account > Add money in the app.

Payments can be made into all our accounts via our weekly collection cycle, which operates via Direct Debit. Any funds you add to your ‘Saved this week’ total in the home screen of the app are collected on the next available Wednesday, at around midday, and the funds are then debited from your linked bank account early the following week – typically on Monday.

You can add funds to your weekly collection by any of the following methods:

💸 One-off deposit: you can add a one-off deposit which won’t recur using the ‘edit’ button in the home screen and entering an amount.

📅 Weekly deposit: this is a recurring weekly payment for a set amount, which can be set up/changed any time in Settings > Weekly deposit.

🚀 Payday boost: a monthly subscription which is automatically added to your weekly savings total on your preferred day. You can set up a payday boost in Settings > Payday Boost.

💰 Round ups: connect a bank account for round ups to view your transactions in the Moneybox app and round up the spare change. Round ups can be set up in Settings > Round ups.

Your Direct Debit must be set up with a UK current account –  we’re unable to collect funds from savings or business accounts. Please note that Moneybox accounts don’t have sort codes or account numbers for you to pay into directly, and instead your individual account reference is your National Insurance number.

Finally, if you have an ISA or Lifetime ISA with another provider, you can transfer this to Moneybox by requesting a transfer in form in Settings > Transfer > Transfer in. More information on transfers in can be found here.

Please note that Moneybox accounts don’t have sort codes or account numbers for you to pay into directly, and instead your individual account reference is your National Insurance number.

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It's important you know

All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.

Risk Warning
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