Moneybox Review

UK beginners saving for the long term

FCA

Founded 2016 · United Kingdom

Why investors choose this broker

No commission on buying or selling investments
No withdrawal fee and no inactivity fee
Lifetime ISA with 25% government bonus available
SIPP has no monthly subscription fee

Review summary

Moneybox is a UK savings and investing app offering ISAs, a Lifetime ISA, pension, round-up investing and ready-made portfolios, aimed at long-term savers.

Pros

No commission on buying or selling investments
No withdrawal fee and no inactivity fee
Lifetime ISA with 25% government bonus available
SIPP has no monthly subscription fee
Round-up feature automates investing from everyday card purchases
Wide account range: Stocks ISA, Cash ISA, LISA, Junior ISA, SIPP, GIA
Low £1 minimum investment
FCA regulated with FSCS protection

Cons

£1 monthly subscription fee can disproportionately affect small portfolios
0.45% annual platform fee is higher than some low-cost alternatives
Very limited individual stock selection (approximately 20 US stocks)
Mobile app only - no full desktop web platform
No demo account
No advanced charting, research tools or economic calendar
Transfers in can take up to 30 days
Cash ISA requires £500 minimum and drops to a lower rate below that threshold

Company background

Moneybox is a UK savings and investing app operated by Digital Moneybox Limited, which launched in 2016 and is headquartered in London. It was founded by Ben Stanway and Charlie Mortimer to make saving and investing more accessible. Moneybox built its early reputation on a round-up feature that rounds everyday card purchases to the nearest pound and invests the difference. By 2025 the platform managed assets for over 1.7 million users and won Best Investments Provider at the British Bank Awards in 2023, 2024 and 2025. Accounts include a Stocks and Shares ISA, Cash ISA, Lifetime ISA, Junior ISA, self-invested personal pension, general investment account and cash savings products.

Fees and pricing

Moneybox charges a £1 monthly subscription fee, waived for the first three months and waived if the customer holds more than £5,000 in a Cash ISA or Simple Saver. Moneybox also charges a 0.45% annual platform fee on invested assets, accrued daily and collected monthly by selling a fraction of the largest holding. Fund provider fees of 0.12% to 0.58% per year are charged by the underlying funds separately. The pension carries no monthly subscription fee and its platform fee tapers to 0.15% on balances above £100,000. A 0.45% foreign exchange fee applies to US stock trades. Moneybox does not charge a fee for deposits, withdrawals or inactivity, and there is no trading commission.

Regulation and safety

Digital Moneybox Limited is authorised and regulated by the Financial Conduct Authority (FRN 712935). The firm is covered by the Financial Services Compensation Scheme, which protects eligible investments up to £85,000. Client cash is held in segregated accounts with HSBC Bank Plc, separate from Moneybox's own funds, with daily reconciliation. Cash savings accounts are protected by FSCS deposit protection up to £85,000 per bank where funds are held.

Platform experience

Moneybox is available on iOS and Android and is primarily a mobile app. The interface covers account setup, automated saving via round-ups and direct debit, and portfolio tracking. Ready-made portfolios - Cautious, Balanced and Adventurous - can be customised with a limited range of ETFs and index funds. Additional tools include a pension calculator, house deposit calculator, ISA Time Machine and an in-app learning section. Customer service operates seven days a week via in-app messaging.

Pros and cons

Moneybox's main strengths are its broad account range, the Lifetime ISA with a 25% government bonus, a SIPP with no monthly fee, automated round-up investing, no trading commission, no withdrawal fee and no inactivity fee. The main drawbacks are the £1 monthly subscription fee that proportionally affects small portfolios, a 0.45% platform fee higher than some index alternatives, a limited individual stock selection of around 20 US equities, and a mobile-only platform with no advanced research tools or demo account.

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Trading fees & commissions

Moneybox charges a £1 monthly subscription fee (waived for the first 3 months and waived if Cash ISA or Simple Saver balance exceeds £5,000) plus a 0.45% annual platform fee on invested assets. The pension carries no monthly subscription fee and the platform fee reduces to 0.15% on balances above £100,000.

Fees

Item	Fee
Sipp	No monthly subscription fee; platform fee 0.45% on first £100,000, 0.15% above £100,000
Funds	Fund provider fees 0.12% - 0.58% per year (charged by the funds, not Moneybox)
Account	£1 per month subscription fee; waived for the first 3 months; waived if Cash ISA or Simple Saver exceeds £5,000
Custody	Included in 0.45% annual platform fee
Deposit	Free
Platform	0.45% per year on invested assets, accrued daily and charged monthly
Inactivity	Free
Withdrawal	Free
Fx Conversion	0.45% on US stock transactions

Trading platform & features

Platforms

Moneybox App
iOS app
Android app

Regulation and investor protection

Digital Moneybox Limited is authorised and regulated by the Financial Conduct Authority (FRN 712935). Client investments are eligible for FSCS protection up to £85,000 and client cash is held in segregated accounts with HSBC Bank Plc, separate from Moneybox's own funds.

Broker FAQs

Is Moneybox safe?

Moneybox is operated by Digital Moneybox Limited, which is authorised and regulated by the FCA. Client cash is held in segregated accounts with HSBC Bank Plc and eligible investments are covered by the FSCS up to £85,000.

Is Moneybox a scam?

No. Digital Moneybox Limited is authorised and regulated by the Financial Conduct Authority (FRN 712935) and is covered by the FSCS.

Is Moneybox regulated and by whom?

Yes. Digital Moneybox Limited is authorised and regulated by the Financial Conduct Authority with firm reference number 712935.

Does Moneybox keep client funds in segregated accounts?

Yes. Moneybox holds client cash in segregated accounts with HSBC Bank Plc, separate from Moneybox's own funds, with daily reconciliation.

What happens to my money if Moneybox goes bankrupt?

Eligible investments are protected by the FSCS up to £85,000. Client cash is held separately from Moneybox's own funds in segregated accounts with HSBC Bank Plc.

What products does Moneybox offer?

Moneybox offers a Stocks and Shares ISA, Cash ISA, Lifetime ISA, Junior ISA, general investment account, self-invested personal pension, cash savings accounts and a mortgage advisory service.

Does Moneybox offer an ISA?

Yes. Moneybox offers a Stocks and Shares ISA, Cash ISA and Lifetime ISA. A Junior ISA is also available.

Does Moneybox offer a Lifetime ISA (LISA)?

Yes. Moneybox offers both a Cash Lifetime ISA and a Stocks and Shares Lifetime ISA. Contributions of up to £4,000 per year receive a 25% government bonus.

Does Moneybox offer a pension (SIPP)?

Yes. Moneybox offers a self-invested personal pension with no monthly subscription fee. The annual platform fee is 0.45% on the first £100,000 and 0.15% above that level.

Does Moneybox offer ready-made portfolios?

Yes. Moneybox provides Cautious, Balanced and Adventurous ready-made portfolios. These can be customised with a limited selection of ETFs and index funds.

What does Moneybox charge per month?

Moneybox charges a £1 monthly subscription fee. This is waived for the first 3 months and also waived if the customer holds more than £5,000 in a Cash ISA or Simple Saver.

What is Moneybox's platform fee?

Moneybox charges a 0.45% annual platform fee on invested assets. The pension platform fee reduces to 0.15% on balances above £100,000.

What is Moneybox's FX or currency conversion fee?

Moneybox charges a 0.45% foreign exchange fee when buying or selling US stocks.

Is there a withdrawal fee at Moneybox?

No. Moneybox does not charge a fee for withdrawals. Standard withdrawal processing times apply and Lifetime ISA withdrawals for non-qualifying purposes incur a government withdrawal charge.

Does Moneybox charge an inactivity fee?

No. Moneybox does not charge an inactivity fee.

Does Moneybox have a demo account?

No. Moneybox does not offer a demo or practice account.

Does Moneybox have a mobile app?

Yes. Moneybox provides iOS and Android apps. The platform is primarily mobile-based.

Is Moneybox good for beginners?

Moneybox is designed for beginners. It offers a low £1 minimum investment, automated round-up saving, simple ready-made portfolios, straightforward account setup and educational resources within the app.

Is Moneybox good for long-term investing?

Moneybox suits long-term savers who want a pension, ISA or Lifetime ISA in one app with automated contributions. The limited stock selection and fee structure may not suit active traders or investors wanting broader market access.

Bottom line

Moneybox suits UK savers and investors who want a simple, mobile-first app covering ISAs, a Lifetime ISA with a 25% government bonus, a pension and automated round-up investing with a low £1 minimum. It may not suit users who want a wide stock and ETF selection, desktop platform access, advanced research tools or a fee structure that scales efficiently for very small portfolios.

Moneybox

UK beginners saving for the long term

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Your capital is at risk. Other fees apply.