Monzo being investigated over alleged breaches of money laundering rules

Digital bank Monzo being investigated over alleged breaches of money laundering rules By Matt Oliver For The Daily Mail Published: 16:50 EDT, 30 July 2021 | Updated: 16:50 EDT, 30 July 2021 Monzo is being investigated over alleged breaches of money laundering rules.  The digital bank was informed about the probe by City Watchdog, the … Read more

Year in Monzo: Bank’s customers reveal how they’ve saved money

Jade Hilder saved up £1,000 into an emergency fund after worrying about whether she could financially support her family Tesco employee Jade Hilder credited going ‘fully Monzo’ and joining the popular ‘Monzo Savings Squad’ Facebook group for helping her develop a savings habit, having previously had ‘no idea about money’ and spent money she didn’t … Read more

Monzo Premium costs £15 but offers 1.5% interest and a metal card

Monzo has embraced the industrial revolution in banking by following Apple and Revolut in launching a debit card made of white steel. Its new Premium account costs £15 a month and comes with features including phone and travel insurance, making it more like a packaged bank account than Monzo Plus, its previous attempt at a … Read more

Monzo will charge customers to withdraw more than £250 from ATMs

Monzo is set to become the first major UK bank to charge its customers to make withdrawals from an ATM, amid fears Britain is increasingly going cashless. The smartphone bank said today it would charge customers a 3 per cent fee if they withdrew more than £250 from UK and European ATMs over a 30-day … Read more