Which bank is Moneybox?

Which bank is Moneybox?

Here your savings are held by our third party bank, Santander UK.

What does Moneybox do?

With Moneybox, you can start saving and investing for your future with as little as £1. By linking your bank account via the app you can round up your everyday purchases to the nearest pound and set aside the spare change into a savings account, or invest into thousands of global companies via tracker funds.

What is Moneybox direct debit?

We take all payments via direct debit on a weekly collection cycle. Any funds which are in your ‘Saved this week’ total when our collection takes place on Wednesday at midday are captured and then debited from your direct debit linked bank account on the following Monday.

How do I cancel Moneybox?

How to cancel Moneybox

1. Open the Moneybox app.
2. Click on ‘Settings’
3. Click on your email address.
4. Click on ‘Delete account’
5. Follow the steps.

Is the Moneybox bank safe?

The Moneybox cash Lifetime ISA is covered by the Financial Services Compensation Scheme (FSCS). You can save up to £4,000 each tax year and get the 25% government bonus, totalling an additional £1,000. All of Moneybox’s partner banks are protected by the FSCS.

What happens to my money if Moneybox goes bust?

The Financial Services Compensation Scheme For Savings products, such as the Cash LISA or Notice Accounts, your funds are protected by the bank holding your money. Moneybox does not hold your money itself, it uses third party banks. The banks we partner with are covered by the FSCS.

What is a money box account?

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: Stocks & Shares ISA. Cash Lifetime ISA. Moneybox Mortgage Advice.

Is the money box app legit?

Moneybox is a saving and investing app that aims to simplify these activities with one, low cost, easy to use app. They have been authorised and regulated by the Financial Conduct Authority since their launch in 2016 and today have over 450,000 customers.

How do I cancel a Moneybox direct debit?

You can cancel a Direct Debit at any time by simply contacting your bank or building society. Written confirmation may be required. Please also notify Digital Moneybox Limited.

How do I change my bank details on Moneybox?

Please get in touch with us via the in-app chat or at [email protected]. We’ll need some information in order to switch this over. Alternatively, an easier way is to consider using the Current Account Switch Service.

Are Moneybox fees high?

Chunky charges on small balances Moneybox bangs on about squirrelling away spare change, but the charges are pretty high on small investments. The fees sound relatively painless on the investing side: 45% a year as a platform fee. 12% and 0.3% a year as fund charges.

Who is Moneybox owned by?

The Moneybox story In 2015, old school friends turned entrepreneurs, Ben Stanway and Charlie Mortimer decided something needed to be done to help everyone save and invest for their future.

How do I get a statement from Moneybox?

Statements are available in-app in Settings > Documents > Statements. Here you can view any previous statements, or tap ‘Generate statement’ to create a new statement based on your chosen date range. Once your statement has been generated, you can tap the envelope in the top right corner to email a copy to your Moneybox registered email address.

Is the account number on a bank statement the same as a check?

Even if someone nabs your bank statement from a mailbox, the criminal wouldn’t have an easy time stealing money from your account, notes Tumin. The account number listed on the statement is no different than the one printed on your paper checks.

What do you need to know about a bank statement?

A bank statement is an overview of the activity in a checking account or a savings account that you have at a financial institution. Essentially, you can think of your statements as snapshots of all of the money coming in and out of your accounts in a given period of time.

Is the Moneybox an ATM or a cash point?

Moneybox is definitely a cashpoint, there used to be one near where I lived. All sorted.its the ATM at bp petrol station. Thanks everyone Being a round number, does point to it being a cashpoint transaction. Though why no fee for processing the transaction… maybe it was a free cash point but privately owned.