What is an in-specie transfer?
An ‘in-specie’ transfer refers to a method of transferring an investment account to another provider. In-specie transfers involve moving your specific units in a tracker fund or ETF across to your new ISA/LISA provider, rather than selling down your investments and moving the proceeds across as cash. Please note that, in order for this to be available, your new provider would need to offer the same funds/ETFs that you currently invest in with Moneybox.
In-specie transfers typically take up to 6 weeks to complete. You can also opt for a ‘mixed’ transfer, which means we transfer some of your balance across in-specie and the rest as cash.