Has anybody used monzo to make large purchases? Do they authenticate with the app or over the phone or not authenticate at all? Planning on buying a car today and just wondering how it will go down.
You will need to get in touch with Monzo in app to inform that you plan to make a big purchase. They have system in place for these sort of things. Usually they ask for a 24 hour notice.
Depends what “Large” means
You’ve got a £10k daily spend limit - As @SC95 has correctly mentioned, contacting COps at least 24hrs before you need to spend more than that is what you’ll need to do
I’ve got no idea what they’ll ask for But they’ll walk you through that
Yeah, probably no more that £10k being spent today, will I be fine for anything under that then?
In another thread on a similar thing @BethS who works for Monzo posted this;
If you’re under the limit, nothing to do
Should go through seamlessly
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