247 Moneybox was established in 2009. 247 Moneybox is a trading name of Active Securities Ltd., a finance company based in central London. It operates as an online lender, with expansion of its services overseas since 2012.

The company is a high-cost short-term lender that offers loans of £80 to £200 that may have a tenor between 15 to 46 days. For returning customers who have proved that they can repay on time, 247 Moneybox may offer you the chance to apply a maximum loan of £800. Their representative APR is 1291.8% and interest is charged by the day at 0.8% of the amount you borrowed.

They provides payday loans for people who experience unexpected expenses and have to pay them shortly.

The application is completed online and if approved, you can receive the funds within three working days depending on your bank.

If you have short-term financial difficulties, you can consider applying for a loan from 247 Moneybox. It will be a great way to deal with unexpected expenses without the need to bother your friends or relatives.

How To Apply For A Loan From 247 Moneybox

  1. You need to estimate the cost of your loan with the use of their online tool
  2. Start your online application by filing in your personal details
  3. Provide your employment information
  4. Choose the loan you need
  5. Your application will be checked
  6. The money will be received within 3 days of your application being approved

The application process is easy. You can quickly go through it right on their website.

You will need to complete an online application form. If your loan is approved by 5pm, They will send the payment instructions to the bank on the same day. However, if your application is not accepted until after 5pm, the bank will be notified the following day.

You must note that they will have to go through a special check that will determine your credit history, employment, and affordability. They may run some checks that may include a potential call to your employer. All this call will consist of is asking to speak to yourself, with the caller identifying as ‘247’.

Some customers can simply use the My Account facility that can be found on their website to apply for a loan which is available 24/7.

Who Can Apply For A Loan?

If you want to apply for a loan from 247 Moneybox, you must:

  1. Be at least 18 years old
  2. Have either a full time or part time job
  3. Be a citizen of the United Kingdom
  4. Have a UK bank account
  5. A valid debit card issued in the United Kingdom

Loan applicants will not be required to have a spotless credit history, however, because of the nature of the product, They will not lend to anyone who they feel will not comfortably be able to afford to repay on time and in full. They will consider an application based on factors that include the applicant’s income, credit score, and history using their services.

How Much Can I Borrow?

The loan amount that a customer may borrow varies depending on several factors which may be offered with different conditions.

As a new customer, you can borrow a maximum of £200 for a period 15 to 46 days. With time and as you establish trust with 247Moneybox and make payments on time, the lender can expand your borrowing range.

Loan Release

Once your application has been processed and approved successfully, you will receive the money within a day.

247 Moneybox offers two options for loan processing: Fast and Standard. While no fee is associated with the Standard process, the Fast process service will cost you £20. The interest on the borrowed money is 1.3 percent, plus Fast Process Fee (if applicable).

When you opt to apply using the Standard process, your funding information is sent to bank or payment provider of the lender during the late afternoon or evening on the day that your application was approved. The process can take a maximum of 3 business days. On the other hand, the Fast Process ensures that once your loan application is approved and is already eligible for funding, the money will be sent to your account within an hour.

Loan Repayment

Once you have already received your loan, repayments will be taken out through a Continuous Payment Authority. You also have the option to repay part or all of your loan early by simply logging into your online account which could save you a lot of money in interest.

What Happens With Late Repayments?

Loan repayments are directly deducted from your debit card, so you should make sure that you have sufficient funds on your repayment date.

It is important to pay your loan in time, contact 247 Moneybox immediately if you encounter a problem. If you fail to repay on time you will be subject to a number of fees. Primarily, there will be a failed collection fee amounting to £15 charged on the first day after your repayment date. The contractual daily rate of the loan will continue to accrue each day until you have repaid in full.

Interest will be stopped either 60 days after the loan repayment date, 60 days after any later date allowed for you to repay your outstanding balance, or when the total amount of interest and charges equals 100% of the amount you borrowed.

There will also be a £30 fee if they receives a notification from your bank or card issuer that you would want to challenge an investigation charge from the lender. With further delinquency, a debt collection agency fee equivalent to 25 percent of the outstanding balance may be charged.


  • In order to ensure responsible lending, all of the potential borrowers of 247Moneybox will be able to know whether their requested loan is affordable for them.
  • The business allows its customers to know for sure how much and when they will have to repay.
  • Interest will be charged by the day at only 0.8% of the amount borrowed on all loans.
  • Convenient loan amounts. You can borrow between £80-£200 the first time you apply for a loan. If you prove that you can borrow responsibly, you can apply for a loan of up to £800.
  • They are a member of the BCCA and is regulated by the FCA.
  • Borrowers with bad credit ratings are allowed to get a loan.
  • You can opt to repay your loan earlier to reduce interest charges.


  • If you miss a repayment, you will be charged a £15 missed or late payment fee.
  • They does not allow prepaid cards.
  • They does not allow its customers to top up their loan. Once you have fully repaid your existing loan and interest, you can always reapply for a new loan.
  • They aims to be a responsible lender. It does not allow you to extend your payday loan. Their solution should only be for occasional short-term needs. If you need to borrow for longer periods of time, then you should consider other lenders.
  • They does not allow multiple loans. All prior loans from 247Moneybox have to be paid before another can be offered.

Frequently Asked Questions

What Information Will I Be Required To Disclose For The Online Application?

Answer: You will only be required to provide your address, employment history, monthly financial expenses, and bank account information.

How Will I Know Whether The Application Has Been Approved Or Declined?

Answer: 247 Moneybox will inform you whether your application has been approved, declined, or is under review online. Once your loan is approved, your loan will be funded within 3 days from the time of approval. If your application is declined, they are unable to offer you a loan at that time.

If My Application Is Declined Can I Try Again?

Answer: If your application is declined, you have the choice to try again at any time. The results, however, will not change under the same conditions you have.

When Can I Get My Loan?

Answer: 247 Moneybox funds their loans during regular business hours. Loans are released on the same day via Faster Payments if it is approved before 3pm. Some of the firm’s existing customers can request loans via the ‘My Account’ facility that can be found on their website. In some circumstances, the loans can be paid out 24/7.

How Do I Repay My Loan?

Answer: Loan repayments will be directly collected on the agreed date from your debit card. You should make sure that you have the funds available in your account on the repayment date.

What Happens If I Can’t Pay My Loan On Time?

Answer: If you are not able to pay based on your agreed repayment schedule, you should contact them as soon as possible via 020 7183 8078. They will charge a one-off fee amounting to £15 to your loan balance if you miss a payment or make a late payment. Charges will be added on the first day following your agreed repayment date.

Will Taking Out A Payday Loan Affect My Credit Score?

Answer: Just like other lenders, 247 Moneybox uses Credit Reference Agencies. It means that defaulting on your loan could make it harder for you to secure credit in the future.

How Is This Lender Regulated?

Answer: 247 Moneybox is duly authorised and regulated by the Financial Conduct Authority. It is also a member of the BCCA

What Should I Do If I Have Complaints?

Answer: If you are not satisfied with the service provided by 247Moneybox, you should not hesitate to contact their direct line at 020 7183 8078, or email customer.services@247moneybox.com.

Alternatively, if your complaint requires further investigation and you are dissatisfied with their actions, it will be dealt with by the Financial Ombudsman.

Third Party Reviews

On Trustpilot, 2,374 out of 3,159 rated 247Moneybox as Excellent while only 395 rated it as poor.

For more reviews regarding this lender, you can check out:


Company Details
  • Registration Number: 05671281
  • Incorporation Date: 2006-01-10
  • Status: Administration
Contact 247 Moneybox
  • via Phone: 020 7183 8078 Call
  • via Email:customer.services@247moneybox.com Email
  • via Post: C/O Harrisons Business & Insolvency(London)Limited Westgate House, 9 Holborn, Holborn, England, EC1N 2LL