Moneybox--Where Is My Cash Held

daveoc22

Opened a cash isa, transfer in and manual payment all went smoothly so all up and running. I understand my cash is held with various banks---on the app is there anywhere showing what Banks my cash is with and the split?.

flaneurs_lobster

On their website (can't find on the app) there's a list of the FSCS-protected banks that the ISA funds are held with, together with a statement that no more than 50% of the funds are held in any one of them at any one time.

Don't think that there's a more detailed breakdown.

PlatinumChaos

Here's a link to the list of different Moneybox ISA products and the institutions where funds are held:

https://www.moneyboxapp.com/fscs-protection/

daveoc22

Ah, I knew those Banks but I was expecting to see somewhere on the app a breakdown of what has been put with each Bank. Seems Moneybox do not show this.

nottsphil

daveoc22 said:

Ah, I knew those Banks but I was expecting to see somewhere on the app a breakdown of what has been put with each Bank. Seems Moneybox do not show this.

This can only mean that if Moneybox goes bust you have no idea which banks to claim off.