Adding money to your Cash ISA

How can I pay into my Cash ISA through the website?

There are two ways you can pay into your Moneybox Cash ISA through our website – either directly from your linked bank account using manual bank transfers, or by transferring in an existing ISA. You’ll be able to add money through either of these methods during the registration process, as well as any time through the website once you’ve finished registering.

Manual bank transfers

You can send payments of £100 or more using manual bank transfers. To open your Cash ISA, the minimum deposit is £500.

Manual bank transfers are sent from your linked bank account using your Cash ISA’s sort code and account number. Once you’ve sent a payment, the funds typically arrive and are added to your balance within a few minutes, but can take up to 24 hours.

Or, if you’d prefer to set up recurring payments from your linked bank account, you can do this via our mobile app.

Transferring in an ISA

If you hold an ISA with another provider, you can transfer it to Moneybox.

If your existing ISA has a maturity date, it’s best to wait until this has matured before starting a transfer in. This is because providers are typically unable to hold your transfer until your maturity date and may reject the transfer request or apply an early closure penalty.

Once you’ve submitted your details and started the transfer, we’ll contact your current ISA provider directly and most transfers will typically complete within 3 weeks, with Cash ISA transfers usually completing within 15 days.

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It's important you know

Capital at risk. All investing should be for the longer term. The value of your investments can go up and down, and you may get back less than you invest. Tax treatment depends on individual circumstances and may be subject to change in the future.

A 25% government penalty applies if you withdraw money from a Lifetime ISA for any reason other than buying your first home (up to £450,000) or for retirement, and you may get back less than you paid into your Lifetime ISA.

Your home may be repossessed if you do not keep up repayments on your mortgage.

Payments you make into your pension won’t be accessible until the minimum pension age (currently 55, increasing to age 57 from 2028). Tax treatment depends on individual circumstances and may be subject to change in the future.

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