This is a great service for those who don't know how to invest directly by picking their funds and doing the allocation of what percentage of your portfolio should go into each. I would say once you look things the platform fees(overall) is quite high compared to others but if you have a fairly big amount like £500 or something then it isn't too bad and I can you see the value of their service. However at lower amounts your returns wouldn't be enough to cover the fees. App is well made and has a nice user interface. One thing that is annoying is the instant lock once you leave the app in the background. Customer service was also great during my transfer out process. Overall great service I would recommend as long as your capital is large enough that the returns cover your fees and still gives you profit.
So I have to say that I am more than a bit disappointed with the update. It's clean in terms of UX but the inability to add funds by debit card is noticeably the biggest pain for me using this app. Most similar apps have that functionality and at this stage I would have thought MB would have invested in this as this complaint is often repeated on the reviews. This needs to be addressed IMO as customers will choose to go elsewhere. Update: Thank you for your response and if you could make this happen this app would get 5 stars all day. I have made savings that I never thought possible and it's for this I love this app.
Never been a saver. With this app I have saved £160 in 3 months. Basically it shows you the round ups from your debit card use and you accept or decline each transaction. If the amount is above 50p I decline it. Below 50p I accept it. I've saved up without even feeling it.... admittedly not a great amount but I wouldn't have saved anything without the app. You are fully in charge of the amount that is invested for you and can withdraw your money at any time and the fees are tiny......7pence kin my case. A very good app for useless savers such as me.
It's a good app performing a great idea. There is one huge drawback though... It's too expensive. Their monthly charge of £1 effectively counters any interest made from your investment. Because of this, it's no more effective then just setting up a regular savings account
App was really good and so easy to get started. Would have given 5 stars but the app crashes every time since the last update. Please fix it asap!
Updated & now won't let me login. Abit convenient considering I wanted to delete the account and remove my direct debit details 👍
Introducing the new and improved Moneybox app! We’ve made some exciting updates to this version – here’s a quick summary:
• In the new ‘Discover’ tab you’ll see analysis of your savings, featured stories and even a time machine to show how your investments may grow over time.
• On the updated ‘This week’ tab, you’ll find new ways to add money and cards showing news, updates and fun facts.
• We’ve merged ‘Messages’ into the new ‘Settings’ tab which we hope will be easier to navigate.
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