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Here is why we love them Monzo current-account.
We have been using the Monzo bank for about two years now and so far, I don’t have a bad word to say about them.
Getting a Monzo account is a very simple, easy process. You will need photo identification i.e. a passport or driving licence. During the application process they ask you to take a photo of your identification along with a short recorded video or selfie so that they can can compare the ID to your actual face.
If you pass the identification process, your Monzo account will be set up within a few minutes. Sometimes Monzo may need to do a few extra checks, so they may ask you to wait a short while before issuing your account number and sort code.
Once you have your bank details you are able to start funding your account right away. Let your employer know that you have a new account number and sort code and pass the details on to them. You can also transfer any funds that you already have in your existing bank account straight over to your Monzo via faster payments.
The famous bright orange debit card will be on its way to you in no time. Once the card arrives you will need to activate it in the app which is very simple and will allow you to customise your PIN number. You could also set up your Monzo card for Apple Pay as soon as it arrives.
There’s allsorts of different cool features in the Monzo app. Here is a list of some of the awesome features we love:
- Lost your card? You can freeze the card within the app and unfreeze the card as soon as you find. It’s a great security feature and also allows you to freeze the card if you were to find a suspicious transaction.
- Paperless PDF statements. They look amazing, they are easy to read and understand and are available in the app to download or share whenever you need them.
- Receive free payments from anyone. Get a custom web address so that people can send you card payments straight to your Monzo account with no fees.
- Pending payments. If your payment is due to be paid in the next few days you will see it in a list of pending payments due to come in to your account. It’s great for knowing what’s due in as well as what’s going out.
- Reminders. Monzo can remind you the day before direct debit or standing orders are due to come out of your account. You can make sure that there are enough available funds in your account to cover the bills before they leave the account. If for some reason you are unable to pay the bill, there are no charges for bounces of direct debit or standing order on the account.
- Spending. Use the spending facility to get an overview of what you have spent by category and how much disposable income you may have left the end of the month.
- Cheques. If you have received a cheque you can post it to Monzo and they will cash it into your account.
- Pots. You can transfer funds into pots of money and transfer back into your main current account any time. It’s super useful for keeping money aside for certain bills or if you’re saving up for something short-term. Personally, I use pots for keeping the rent to one side.
There are loads of other features that make them Monzo account, in our opinion, one of the leading current accounts in the UK. it’s great that you can just tap the app, login with one EasyTouch or a pin number, and access your balance, spending reports, pots of money and more.
This is not a sponsored post and all of this information was correct at the time of publishing. Please check with Monzo for up-to-date information and accurate fee structures at the time of applying for your Monzo current account. This post is our opinion only.