Set up a. Tap the add money button under your monzo card if you can t find this button swipe down on your list of payments tap uk bank transfer.
Monzo accounts are fully covered by the financial services compensation scheme fscs.
How to put money into a monzo account. Find a shop displaying the paypoint logo. Making a cash deposit. Hand over your card and the cash.
If you d like to pay cash into your monzo account you can deposit cash at any of 28 000 paypoint locations across the uk. Go to any shop that displays the paypoint logo you might be more familiar with their previous logo and you can use this handy tool to help you find your nearest store give your monzo card and your cash to the shopkeeper who ll use their paypoint machine to start making the deposit. From tuesday 2 october the only way customers can add cash to their accounts is via bank transfer or by having their salary paid into the account directly.
Make a bank transfer. If you want to move money from another bank account to monzo just make a bank transfer from your. Get your salary paid straight in.
Monzo scrapping the debit card money transfer service is due to save the bank about 4 million a year. Tap the home icon in the menu bar. That means up to 85 000 of the money in your account is protected if anything should ever happen to monzo.
As someone else said that s way below the tax free allowance and no one should bat an eye. Do you have a second bank account. Or does your mum have a bank account that s not monzo.
How do i add money to my monzo account. To deposit cash follow these steps. Tell the shopkeeper you d like to add money to your card and how much.
Paying cash into your account is easy. A bank account is a safe place to keep your money. Making monzo your main account means you can earn interest on your savings budget and.
That way she could transfer the paypal money into her account deposit the cash as well if she can go to the bank and then just transfer it to your account. Make a note of your account number and sort code then set up your monzo account as a payee with your other bank.