Why can’t I unlock my savings into an existing account for free?

When you unlock your savings into a new bank account, we get paid by our banking partners. This is how we can make Loqbox Save free for you. Once your savings are in your new account you can, of course, withdraw and spend them, although we hope you’ll carry on saving. 

If you’d prefer to pay straight into an existing account, you can with our Flexi Unlock add-on. Because using this method means we don’t get paid by our partner banks, we have to cover our costs another way, which is why Flexi Unlock is a premium service costing £30.

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