Moneybox Stocks and Shares ISA review: Is it worth it?

Disclaimer: The information in this article is for reference purposes only. Wise does not offer to buy or sell stocks, and all information on this page should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. Remember that investments, even in low-risk funds, are never guaranteed and your capital is at risk.

Thinking of investing with a stocks and shares ISA? Perhaps you already have one, but are looking for a new ISA provider.

Whatever your investment plans, you’ll be spoilt for choice when it comes to the number of stocks and shares ISAs currently available in the UK.

And they’re not always provided by banks either, as we’ll discover here in our Moneybox Stocks and Shares ISA review. Moneybox is a financial app, which offers a S&S ISA along with savings accounts and other products.

To help you decide if it’s the right option for you, we’ll run through all the essential info you need to know about Moneybox’s investment ISA. This includes eligibility, features and those all-important fees.

Who the Moneybox Stocks and Shares ISA is best for?

The Moneybox Stocks and Shares ISA can be used by any kind of UK investor, especially beginners.

This is because it guides you through setting up your portfolio. You’ll need to choose one of three ready-made Starting Options, each with different risk profiles ranging from low to high risk. But then, you can customise your investment allocations, a feature which more experienced investors may appreciate.

Read more about how stocks and shares ISAs work below.

📚How stocks and shares ISAs work

Who can open an account?

To be eligible for the Moneybox Stocks and Shares ISA, you’ll need to meet the following requirements:¹

• You’re a UK resident for tax purposes
• You’re at least 18 years old
• You’re not a US citizen.

To apply, you’ll need to have your National Insurance (NI) number to hand - this is required to open all ISAs in the UK, including cash ISAs.

What currencies are supported?

Moneybox doesn’t say whether any currencies other than GBP are supported with its Stocks and Shares ISA.

It’s likely though that your account will be denominated in British pounds (GBP), and all trades will be carried out in GBP.

However, you can still buy US stocks using your ISA. A currency conversion will be required, at a cost of 0.45% per conversion.¹

Moneybox Stocks and Shares ISA features

Now, let’s take a look at the key features of the Moneybox Stocks and Shares ISA:¹

• Choose from three Starting Options, based on the level of risk you’re comfortable with - Cautious (low risk), Balanced (medium risk) and Adventurous (higher risk)
• Each package contains a range of diversified tracker funds
• Customise your investment allocations to build your portfolio
• Full range of tracker funds, Exchange-Traded Funds (ETFs) and US stocks
• Manage investments via the Moneybox mobile app
• Earn interest of 3.25% AER (variable) on any money held in the account before its invested.

Moneybox Stocks and Shares ISA fees

Before you open any kind of ISA or investment account, you’ll need to know exactly how much it’s going to cost you.

Here are the main fees and charges you need to know about for the Moneybox Stocks and Shares ISA:¹

Fee	Amount
Subscription fee	£1 per month (first 3 months free)
Platform fee	0.45%
Fund fees	Varies by fund
Currency conversion fees (between GBP and USD)	0.45%
Commission fee (trading US stocks)	0%
Withdrawal fees	None

Does the Moneybox Stocks and Shares ISA have an account fee?

Moneybox has two kinds of account fees - a subscription fee and a platform fee.

The subscription fee is £1 a month, with the first three months free of charge. The platform fee is 0.45% of the value of your investments, charged monthly.¹

There are also fund management fees, which vary depending which fund you invest in. You can see details for all available funds on the Moneybox website.

Trading fees with Moneybox Stocks and Shares ISA

The great news is that there aren’t any trading fees with the Moneybox investment ISA.

All transaction costs (also known as dealing fees) are covered under the fund management fees,² and there’s also no commission on US stocks trades.¹

How much does Moneybox Stocks and Shares ISA charge for UK stocks?

Moneybox doesn’t make it clear whether or not you can buy individual UK stocks with your investment ISA. It only mentions trading US stocks, for which there are no commission fees.¹

For more info, it’s best to contact the provider.

Moneybox Stocks and Shares ISA withdrawal fees

Moneybox doesn’t charge for cash withdrawals from its Stocks and Shares ISA, so you should be able to withdraw freely.³

You’ll just need to make sure that the funds you want to withdraw aren’t tied up with an investment. If so, you’ll need to sell the investment before you can cash out.

Moneybox Stocks and Shares ISA commission fees

Moneybox generally doesn’t charge commission fees, as it's all covered under the platform, subscription and fund management costs.

How to buy stock with Moneybox Stocks and Shares ISA

To buy stocks with your Moneybox Stocks and Shares ISA, follow these steps:⁴

1. Open the Moneybox app and login to your account
2. Go to ‘Wealth’ and then ‘Stocks and Shares ISA’
3. Tap ‘Explore more investments’ and then ‘Stocks
4. Search for the stock you want to invest in, and enter the amount/value of shares you want to buy
5. If you prefer, you can tap ‘invest weekly’ to set up a weekly stock purchase
6. Check all the details and prices carefully, then confirm.

If you request a stock purchase before 12pm, your request will be submitted the same working day - as soon as US markets open. Otherwise, it’ll be processed the next working day.⁴

Take a look below for more info on buying shares in the UK.

📚How to buy shares

Buying stock in another currency?

Buying or selling a stock or shares that aren’t traded in your local currency? Don’t let the currency conversion trip you up. Convert your stocks or shares into any currency with our handy tool, and you’ll always know what you’re getting.

Check out our international stock ticker tool.

Explore international stocks 🌍

Disclaimer: Wise's international stock ticker provides information for reference purposes only. This tool and platform does not offer to buy or sell stocks, and the data displayed here should not be considered financial advice. All investment decisions should be made after thorough research and consultation with a qualified financial advisor. We make no guarantees regarding the accuracy or completeness of the information provided, and users should exercise caution and seek professional guidance when making investment choices.

How is the Moneybox Stocks and Shares ISA mobile app?

You can use the Moneybox mobile app for managing your Stocks and Shares ISA.

It’s available for both Android and iOS devices, and lets you check and manage your portfolio at any time. You can manage your investments, buy stock and withdraw funds.

Moneybox Stocks and Shares ISA customer service

If you need help with your Moneybox Stocks and Shares ISA, there are two ways to contact customer services:¹

• Use the in app chat service
• Email support@moneyboxapp.com.

Alternatives to the Moneybox Stocks and Shares ISA

Moneybox is far from the only provider of stocks and shares ISAs in the UK. There are plenty of alternatives you can choose from, such as:

• Barclays Investment ISA
• NatWest Stocks and Shares ISA
• Halifax Stocks and Shares ISA
• HSBC Stocks and Shares ISA
• Trading 212 Stocks ISA
• Vanguard Stocks and Shares ISA
• Lloyds Stocks and Shares ISA.

FAQs about investing with Moneybox S&S ISA

Can you take money out of a Moneybox stocks and shares ISA?

Yes, you can withdraw money from a Moneybox Stocks and Shares ISA anytime, free of charge.

Just be aware though that this isn’t a flexible ISA, which means that anything you withdraw and then put back in will count towards your ISA allowance.

Read more about how ISAs work below.

📚 How ISAs work

Are there charges for withdrawing from Moneybox?

No, Moneybox doesn’t charge any fees for withdrawing funds from your S&S ISA.

Which banks are Moneybox partnered with?

Moneybox partners with the following banks to offer Financial Services Compensation Scheme (FSCS) for money held in its Stocks and Shares ISA:⁵

• HSBC Bank plc
• Clydesdale Bank plc
• Santander UK plc
• Bank of Scotland plc.

Does Moneybox also offer a General Investment Account (GIA)?

Yes, Moneybox has a General Investment Account, designed for investing more of your money outside your ISA allowance.

Grow your international money with Wise

Not sure about using a stocks and shares ISA to help you save?

With a Wise account, you can earn a return by investing your GBP, EUR and USD, and choose how your money is used. Simply select your chosen currency then under ‘Options’, select ‘Earn’ and choose ‘Stocks’ or ‘Interest’.

All your money is held as ‘cash’ by default, so you can’t earn a return on what you spend, but it isn’t at risk in the market.

If you select the ‘Stocks’ option, we’ll invest some or all of your money (you can choose to allocate all or part of your chosen currency) in the index tracking fund we’ve chosen.

And if you opt for Wise Interest you can choose to give us permission to invest all or some of your money in the interest-earning fund we’ve chosen, this will depend on the currency.

Wise Interest can help grow your international money and start earning a return on the pounds, euros and dollars in your account. When you use Wise Interest, you can send and spend your money whenever you want, including your gains and you can transfer up to 10,000 GBP (or equivalent) each day from your Interest currencies. Anything above will add a processing time of up to 2 working days.

To protect your account, we may occasionally need to temporarily limit the amount of money you can withdraw, send, or spend daily. In this case you’d still get full access to your money within 2 working days.

We invest your money in government-backed asset funds. This means that when the central bank rates change, your return does too. You can check the 7 day past performance on the Wise Interest page. Past performance doesn't guarantee future growth.

Consider turning on Wise Interest, which could help grow your money. Capital at risk. Growth not guaranteed.

Learn more about Wise Interest

Capital at risk. Growth not guaranteed. Wise Assets UK Ltd is authorised and regulated by the Financial Conduct Authority with registration number 839689. When facilitating access to Wise investment products, Wise Payments Ltd acts as an Introducer Appointed Representative of Wise Assets UK Ltd. Please be aware that we do not offer investment advice, and you may be liable for taxes on any earnings. If you’re uncertain, we urge you to seek professional advice. To find out more about the Funds, visit our website.

---

Sources used for this article:

1. Moneybox - Stocks and Shares ISA
2. Moneybox - fees and charges
3. Moneybox - withdrawing from an ISA or General Investment Account (GIA)
4. Moneybox - how to buy/sell stocks
5. Moneybox - FSCS protection

Sources checked on 29-May-2025