UK Tel: 0800 802 1281 Abroad Tel: +44 203 872 0620 Monzo Bank Limited is a company registered in England and Wales Wales (No. Monzo Bank Ltd is authorised by the Prudential Regulation Authority (PRA) and regulated by the regulated by the Financial Conduct Authority and the PRA. Cash deposit limits. You can deposit between £5-300 in one go, and up to £1,000 in total every six months. If you’re 16-17 years old, that limit's lower, so you can only deposit a maximum of £500 every six months. 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. To deposit cash, follow these steps: Find a shop displaying the PayPoint logo.
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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