Monzo Deposit Cash
- Stay Safe with Monzo. Your money in Monzo is FSCS protected up to £85,000. Compared to other UK banks, we’re 4x better at stopping card fraud, and 3x better at stopping identity theft. Find out more about bank security with Monzo.
- To deposit cash at the Post Office, all you need is your card and of course the cash. It usually only takes minutes and you’ll receive a notification from us when it clears. For all customers, there’s a daily limit of £300 on cash.
- 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.
- You can deposit cash with Monzo at any PayPoint location across the UK, but you will be charged a £1 fee. For example, if you deposit £10, only £9 will reach your bank account. Monzo only allows you to deposit between £5-£300 at any one time and a maximum of £1,000 every 6 months.
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.
Monzo Deposit Cash Advance
Welwyn Garden City, 15 November 2018: PayPoint has announced today that challenger bank, Monzo, has chosen PayPoint’s cash payments solution for its current account holders. From 21 November, customers will be able to deposit up to £300 cash directly into their Monzo account in a single transaction at any of PayPoint’s 28,000 convenience stores nationwide.
Monzo joins the growing list of challenger banks and fintechs, including Pockit, Monese, Tide and U Account, that have chosen the PayPoint network to offer their customers a cash deposit solution.
Monzo is the UK’s biggest digital challenger bank, with more than one million people already using its hot coral debit cards to spend and manage their money. The partnership with PayPoint gives Monzo customers access to a network of stores bigger than all banks, post offices and supermarkets combined. That means they can now pay cash into their accounts conveniently, wherever they are in the UK.
Tom Blomfield, CEO at Monzo, said: “Our goal is to give our customers more convenience and control over their money. And by partnering with PayPoint, Monzo customers will be able to pay cash into their accounts at shops that are easy to access and open when they need.”
Lewis Alcraft, Commercial Director at PayPoint, said: “This exciting partnership with Monzo is significant as it offers its digital-only customers physical-world options – it’s about giving people more control and making life easier. With over 99% of the UK population living close to a PayPoint store, this convenient solution allows Monzo’s customers to deposit cash, early ‘til late, 7 days a week.”
-ENDS-
Enquiries:
Steve O’Neill
Marketing Director
+44(0)1707 600 440
steveoneill@paypoint.com
PayPoint Press Office
MHP Communications
+44 20 3128 8100
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Monzo Deposit Cheque
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Monzo Cash Deposit Charge
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