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How do I close my Moneybox account?

If you haven’t yet made any payments, you can delete your Moneybox account by going to Settings > Tap your name > Delete Account in the Moneybox app.

If your account has a balance and is still within its cancellation period (which is 30 days from your first contribution for ISAs, LISAs, and the GIA, 14 days from your first contribution for our Notice Accounts, Simple Saver or Reward Savings Account, or 30 days for when you initially register for your Pension), please reach out to the team to cancel via the in-app chat or by emailing support@moneyboxapp.com from the email address you used to sign up.

Or, if your account has a balance and is no longer within its cancellation period, please wait for your most recent deposit to be completed (and for investment accounts, settled) and cancel your Direct Debit with your bank to halt any further recurring payments before making a full withdrawal in Settings > Withdraw. For ISAs, LISAs, Junior ISAs, and Pensions, you can also transfer out to another provider.

Once your withdrawal or transfer out is complete and your account is empty, you’ll then be able to close your account in-app in Settings > Tap your name > Delete account.

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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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