- What are your thoughts/experiences with depositing money into a crypto wallet from Monzo? I plan on making a £250 deposit into Luno and owning some bitcoin and then using Exodus and Mirror Trading International to gain interest, and then at some point cashing it out back into my Monzo.
- Go to the Actions tab in your N26 app before selecting CASH26 and choosing the withdrawal or deposit option. The app will create a unique barcode for your transaction—show this code to the cashier.
- Monzo says it doesn't want to restrict access to cash for those who rely on it for their core banking needs, rather than using it as a spending account. As a result, it will waive cash withdrawal fees within the UK and EEA and give two free replacement cards per year to those who have a Monzo.
Because Monzo and Starling are regulated banks in the UK, the money you put in your Monzo or Starling account is protected up to £85,000 by the Financial Services Compensation Scheme (FSCS). The FSCS is an independent fund set up by the government to help protect people’s money.
Monzo Deposit Cash Advance
Welwyn Garden City, 09 January 2020: Challenger bank Monzo has renewed its exclusive deal with PayPoint to provide cash deposit solutions for account holders.
Monzo customers can deposit up to £300 in cash directly into their accounts in a single transaction, and a maximum of £1,000 over six months, at any of PayPoint’s 28,000 convenience stores nationwide.
Monzo, which was founded in 2015, is the UK’s fastest growing bank, with 3.6m people already using its ‘hot coral’ debit cards to spend and manage their money. The renewal of the partnership with PayPoint gives Monzo customers access to a network of stores bigger than all banks, post offices and supermarkets combined.
With 99.3% of the UK population living within one mile of a PayPoint store, Monzo users will now have more control over how they manage their money, by depositing cash at a time and place of their choosing.
Lewis Alcraft, Chief Commercial Officer at Paypoint, said:
“We are thrilled to grow our partnership with Monzo to benefit its customers across the UK. We will continue to offer its digital-only customers the benefits of physical-world convenience – it’s about giving people more control and making life easier. Monzo account holders can continue depositing cash in their local convenience stores, early ‘til late, seven days a week.”
PayPoint Press Office
Monzo Deposit Cash Register
MHP Communications
paypoint@mhpc.com
+44 20 3128 8100