At Moneybox, there are a few ways to add money to your investment account.
You can send one-off payments of £100 or more using easy bank transfers or manual bank transfers. Once your payment is received, this will be submitted for investment on the next available working day.
Any recurring payments you set up are collected on Wednesdays and debited from your linked bank account a few days later. Below is a breakdown of exactly how this works:
Step 1 📅
Your upcoming collection total is collected every Wednesday at around midday. At this stage, you’ll be able to see this collection appear in Wealth > Select account > Activity.
Step 2 📅
The money leaves your bank account early the following week (usually on Monday) and by the end of the day, you'll see your deposit added to your balance.
Step 3 📅
Your money is submitted for investment on the Thursday after it leaves your bank account. You'll be able to see the money you've invested split between each of the funds the following week in the Wealth tab.
As each fund settles, the amount allocated from your deposit will be added to the relevant fund in the Wealth tab under 'Portfolio'. This can sometimes span across a few days as the funds can settle at different times.
Your total value seen in the Wealth tab will include all invested totals, inclusive of any gains/losses and fees. Only funds which have been invested and are fully settled are available for withdrawal.