I have three credit cards; an Amex, a John Lewis and a Tandem. Both of which allow me to bank transfer to them with the reference being my card number. And this will pay off my bill. So that could be an option for you?
I can provide the account number and sort code for the accounts of the credit cards I use. I would think MBNA/Barclays offer the same sort of thing.
No. Monzo is a really nice product.
In overdraft fees. Deposits fees. Overseas fees - I can use Starling bank fee free.
I can’t really see any advantages. Instant notifications only
Something I’ve had to do all too many times in the relatively distant past when my finances were less ideal. Had not occurred to me that this was not such well known information. Forums continue to demonstrate this and other cases!
Hopefully you’ll hear from MBNA or Barclays soon. After all they are the ones giving the error so they should be able to tell you exactly what the cause is.
They do if you have an equivalent amount in a Goal (Pot).
I have availed myself of free Starling borrowing, offset against an amount of money I’m keeping for specific work on my home, for a few months now, to pay off borrowing quicker (have saved myself a year’s worth of interest).
Oh right, well you can move money out of a Monzo pot in the same way and enjoy a free overdraft too. You could even name the pot ‘Overdraft’ and approve yourself for 0% loans
But you’d need to manually move it out, otherwise you’d incur charges. Also, while it was in the pot, you wouldn’t earn any interest. Anyway, back on topic… Don’t Barclays and HSBC just need to update their database of sort codes?
It’s down to the credit card companies database to decide what sort code they accept I guess. I’m surprised this still happens, I haven’t heard of one of these issues (here) in a while.
Yeah it’s weird, there shouldn’t be a problem here but there is. I’m starting to think the problem is on the Monzo side and not the credit cards as I’ve now had the same problem with a few (let’s not judge how many credit cards I have)