Move money allows you to move funds between Moneybox products in Settings > Move money between accounts.
At the moment we offer the following moves in the app, and we’re working on rolling this feature out to more products in the future:
Notice Accounts to Regular Access accounts (Simple Saver/Reward Savings)
Notice Accounts to ISA (Cash or Stocks & Shares)
Regular Access accounts to Notice accounts
Regular Access to ISA (Cash or Stocks & Shares)
Regular Access to LISA (Cash or Stocks & Shares)
Regular Access to another Regular Access account (e.g. Simple Saver to Reward Savings)
Money held as Available Cash in a Stocks & Shares ISA or GIA to any cash savings account
Money held as Available Cash in a Stocks & Shares ISA to a Lifetime ISA.
Money held as Available Cash in a Stocks & Shares ISA to Cash ISAs
Money held as Available Cash in a General Investment Account to an ISA (Cash or Stocks & Shares)
Cash ISAs to LISA (Cash or Stocks & Shares)
Cash ISAs to Stocks & Shares ISA
Additional information on moving your funds
You can move part or all of your balance to another product, and your money will typically be moved on the next available working day. If you’re moving funds out of a Notice Account, your notice period will still apply before your money will be moved.
If you move funds out of an ISA, please note that your £20,000 contribution allowance for the tax year will not reset. For example, if you deposited £10,000 into a S&S ISA, and moved this to one of our savings accounts, you would still have a remaining ISA allowance of £10,000 for the tax year.
Please note that if you move funds from a Cash ISA or Open Access Cash ISA and your balance drops below £500, you’ll earn a lower rate of 0.75% AER (variable).
If you’d like to withdraw money back to your bank account, this can be done in Settings > Withdraw.