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Moneybox

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description Moneybox Overview

Moneybox is a mobile application designed for UK-based investors seeking straightforward savings and investment solutions. It utilizes round-ups from debit card purchases to automatically invest spare change alongside regular contributions. The app focuses on Exchange Traded Funds (ETFs) offering a simple interface suitable for beginner investors. Due to higher fees, it’s particularly relevant for those prioritizing ease of use and automated investing over extensive control or lower costs.

help Moneybox FAQ

How do Moneybox round-ups work?

If a linked debit-card purchase is £8.25, a round-up would be 75p to reach the next pound. Moneybox collects round-up amounts through a weekly Direct Debit and then applies them to the account or investment settings. [Moneybox](https://support.moneyboxapp.com/terms-and-conditions/)

Which Moneybox accounts can receive contributions?

Moneybox offers products including a Stocks and Shares ISA, Lifetime ISA, Junior ISA, General Investment Account and Personal Pension, alongside savings products. The exact account choice matters because ISA and pension rules are different from a taxable general account. [Moneybox](https://support.moneyboxapp.com/investing/)

What fees does Moneybox charge?

Moneybox currently lists a 0.45% annual platform fee for investment accounts, and its fee page says a Stocks and Shares ISA plus a General Investment Account costs £1 per month in total. US-stock investing also has a 0.45% currency-conversion fee, according to the same fee information. [Moneybox fees](https://www.moneyboxapp.com/faqs/category/investments/investing-basics/what-are-the-fees-for-investment-accounts)

Are Moneybox round-ups invested immediately?

Not necessarily. Moneybox's terms say round-ups are taken in the weekly Direct Debit, and contributions can be held as available cash before a later investment instruction. [Moneybox terms](https://support.moneyboxapp.com/terms-and-conditions/)

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