Adding money to your Cash ISA

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

There are three ways you can pay into your Moneybox Cash ISA through our website. You can pay in from your linked bank account using easy or manual bank transfers, or you can transfer in an existing ISA. 

Or, if you’d prefer to set up recurring payments from your linked bank account, you can do this via our mobile app. To open your Cash ISA, the minimum deposit is £500.

Manual bank transfers

Manual bank transfers are sent directly 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.

Once you’ve finished registering, you can view your sort code and account number any time in View account > Add money.

Easy bank transfers

If you choose to make an easy bank transfer, this will open a QR code that will take you to the app for the bank account you have linked to Moneybox. You can also click on ‘Go to your bank website’ to log in directly via online banking. 

Easy bank transfers typically arrive within a few minutes, but can take up to 24 hours. You can make any further easy bank transfers once registered in View account > Add money

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.

Further transfers can be requested once you’ve completed registration in View account > Transfer in an existing ISA.

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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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