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What happens to my Moneybox account if I die?
What happens to my Moneybox account if I die?

Where to find guidance on the steps to closing an account of someone who has died.

Alex avatar
Written by Alex
Updated over 5 months ago

In the event of your death, your beneficiary (or the person acting on their behalf) will just need to contact us and provide some documentation before we can liquidate your account and send the funds to them. A full explanation of the process and a copy of our bereavement form can be found here on our website.

If you hold a Pension with us, you can add beneficiaries in the app in Settings > Tap your name > Beneficiaries. Please note this feature is currently this is not available for our other accounts.

If you hold a Lifetime ISA, the 25% penalty is not applied if the funds are withdrawn after your death.

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