Terms and Conditions
Promoter
The prize draw is operated and promoted by Digital Moneybox Limited, which is a limited company registered in England & Wales with the company number 09597755 whose registered office is Suite 1.07 1-2 Hatfields, London SE1 9PG (“Moneybox”, or “we” / “us” / “our”).
How to enter and eligibility
1. To qualify for this prize draw you must:
a. have or open a “Qualifying Account” (as defined below) via the Moneybox app before or during the “Qualifying Period” (as defined below); and
b. make a “Qualifying Deposit” (as defined below) during the Qualifying Period.
2. Your account will be treated as open on completion of the registration process, at which point it will be visible in ‘Your active accounts’ section through the ‘Accounts’ option in the ‘Settings’ tab in the Moneybox app.
3. A “Qualifying Account” means:
a. Moneybox Cash Lifetime ISA;
b. Moneybox Stocks & Shares Lifetime ISA;
c. Moneybox Stocks & Shares ISA (including Available Cash); or
d. Moneybox Pension (SIPP).
4. The “Qualifying Period” means 00:00 on 22nd February 2023 to 12:00 on 5th April 2023.
5. A “Qualifying Deposit” means a total deposit of £100 or more deposited into a Qualifying Account (not including transfers between Qualifying Accounts) during the Qualifying Period, in one of the following ways:
a. a deposit made in the Moneybox app (via the in-app “Saved this week” on the This Week tab);
b. moving money from other Moneybox savings accounts into a Qualifying Account;
c. a gift link deposit (which for the purposes of this prize draw will be counted towards the Qualifying Deposits of the recipient, not the depositor, of the gift link deposit);
d. instant bank transfer;
e. a transfer from another ISA or Lifetime ISA provider into a Moneybox Cash Lifetime ISA, Moneybox Stocks & Shares Lifetime ISA, or Moneybox Stocks & Shares ISA, and in respect of such transfers in, where the transferred funds are received by Moneybox during the Qualifying Period.
6. In respect of Qualifying Deposits, for the avoidance of doubt:
a. it is not necessary to break down deposits of more than £100 into separate deposits; for example, a single deposit of £1,000 will be counted as ten (10) Qualifying Deposits;
b. smaller sums that cumulatively add up to £100 will be deemed a Qualifying Deposit, such that every multiple of £100 deposited into Qualifying Accounts within the Qualifying Period will be counted as a Qualifying Deposit;
c. the total of deposits split across more than one Qualifying Account will be counted towards Qualifying Deposits; for example, one deposit of £50 into one Qualifying Account and another deposit of £50 into another Qualifying Account will be counted as one (1) Qualifying Deposit;
d. any deposit or part thereof that is withdrawn during the Qualifying Period will not be counted as a Qualifying Deposit (apart from a withdrawal from a Moneybox Cash Lifetime ISA for the purpose of a property purchase, which will not affect your entries); for example, if a deposit of £2,000 (eligible for twenty (20) Qualifying Deposits) is made and subsequently £950 is withdrawn, this will be counted as ten (10) Qualifying Deposits.
7. Each Qualifying Deposit will automatically entitle you to one entry into the prize draw. Qualifying Accounts that are maxed out prior to the beginning of the Qualifying Period (before 00:00 on 22nd February 2023) will entitle you to:
a. twenty (20) entries into the prize draw in respect of a maxed out Moneybox Cash Lifetime ISA or Moneybox Stocks & Shares Lifetime ISA; and
b. one hundred (100) entries into the prize draw in respect of a maxed out Moneybox Stocks & Shares ISA
provided that no withdrawals are made from the maxed out Qualifying Accounts (apart from a withdrawal from a maxed out Moneybox Cash Lifetime ISA for the purpose of a property purchase, which will not affect your maxed out entries) before the beginning of the Qualifying Period (before 00:00 on 22nd February 2023). Please contact our team on support@moneyboxapp.com or via the in-app chat by 5th April 2023 if you would prefer not to participate, otherwise all applicants that make a Qualifying Deposit will automatically be entered into the prize draw. There is no fee for entering the prize draw.
8. Without limitation to our general Moneybox Terms & Conditions all entrants to the prize draw must:
a. be resident in the United Kingdom for tax purposes;
b. not be a United States Person; and
c. not be an employee, contractor, officer, or director of Digital Moneybox Limited (or its group companies) or any member of such person’s immediate family or household at any time during the period of this prize draw.
9. To be eligible to win the draw you must continue to hold your Qualifying Account with us until the date the winner is selected (see below).
Winner
10. Six (6) winners will be randomly selected in accordance with the laws of chance, consistent with the requirements of Promotional Marketing Rule 8.24 of the CAP Code, by a third party computer process on 12th April 2023 and notified by email by 23:59 on 12th April 2023 using contact details registered on the winner’s Moneybox account.
11. Each winner will need to respond to Moneybox to confirm they accept or decline the prize within five (5) calendar days from receiving an email about the prize by Moneybox.
12. If a selected winner does not respond to our email within this timeframe, either to accept or decline the prize, a new winner will be randomly selected on 18th April 2023, and notified within five (5) business days. For the avoidance of doubt, the new selected winner will also need to respond to Moneybox to accept or reject the prize within a five (5) day timeframe, otherwise a new winner will randomly be chosen following the above process.
Prize
13. One winner will receive a prize of £20,000 and five (5) winners will receive a runner-up prize of £1,000 each. The prizes will only be paid to the competition winners (as determined by the process above) directly into their linked bank account used for contributions into their respective Moneybox account. We will endeavour to complete the payment within five (5) working days. We will contact the winner to arrange how payment will be made.
Other
14. These terms (the “Offer Terms”) supplement Section 13 (Promotions) of our Moneybox Terms & Conditions. To the extent there is a discrepancy between these Offer Terms and the Moneybox Terms and Conditions, the Moneybox Terms and Conditions shall prevail.
15. By participating in the prize draw, you are deemed to have accepted these Offer Terms.
16. Please note we are required to make available information that indicates that a valid award took place. To comply with this obligation, we will send the surname and county of the prize winner to anyone requesting this information. If you object to any or all of your surname and county being published or made available, please notify us by contacting us on support@moneyboxapp.com, and we will remove you from the draw. Please note, we must provide details of any prize draw entrants to the Advertising Standards Authority, the Financial Conduct Authority, or any other competent authority requiring such details, on request.
17. We will process your name, email address, date of birth, bank details, residential address, and other account details necessary, for the purposes of administering the prize draw. Personal data supplied will be treated as set out in our Privacy Notice.