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Steven Rafferty Review of Moneybox
Poorly explained rules and regulations. Due to rec...
Poorly explained rules and regulations. Due to recent stock market dip I have lost some of original savings due to the fact is takes 3 working days to 'freeze' account money. And if you have another account with them, you can't adjust risk or withdraw from that account for up to 3 weeks.
If you want to invest in stocks and shares, use spread betting or another medium that allows instant withdrawal. Because with Moneybox, in the event of a large dip, your money is dropping even though you spotted the dip days before and you painfully watch your savings spiral down, totally helpless.
They don't make this clear to you on starting.
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