500 a month?

[davidwalton (Award Winning Hot Coral Analyst)]

Strangely coincidental, I posted the reference to the T&C’s regarding the use of a Personal Account for business use in another thread earlier today;

Automatic Pot Payments

If you are using a Personal account, this may not work in your favour - the very first paragraph in the Monzo T&C’s states; “These terms and using your Monzo account These legal terms (English law applies and disputes will be settled by English courts) are between you and Monzo Bank Limited (Monzo/us/we) and you agree to them by using the Monzo app. Your Monzo account is a personal UK current account and you mustn’t use it for business purposes.”

Monzo has been active on shutting down such instances (well, according to reports on the forum)