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All topics Getting started How does Moneybox work?

How does Moneybox work?

With Moneybox, you can set up a savings or investment account from your mobile phone in just a couple of minutes. The accounts and services we currently offer are:

Choose your settings, link your bank account and you’re ready to go. You can get started with just £1 and contribute money via any combination of round-ups, one-off and weekly deposits, and a monthly payday boost.

Your savings are added up throughout the week in your upcoming collection. This total is collected every Wednesday at around midday, and then debited from your bank account early the following week (normally on Monday). By the end of the day on Monday, you’ll see your payment added to your account balance.

Alternatively, you also have the option to deposit upwards of £100 instantly via easy or manual bank transfer.

Our team is on hand to answer any questions you might have! Just drop them a message in the in-app chat, or email support@moneyboxapp.com and they’ll get back to you ASAP.

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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.

For Business Saver: T&Cs apply. Max one withdrawal per day.

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