The idea of using PayPoint to deposit cash into Monzo account I feel isn’t fit for purpose right now.
Firstly a lot of the small retailers who run PayPoint services are ‘selective’ in who they wish to take cash and deposit money on Monzo. I’ve had instances where retailers have told me their system is down (when it’s not) or that their store has reached its limit of accepting cash on system to deposit into Monzo.
I also don’t understand why there’s a 180 day limit of £1,000 cash deposit?! If Monzo were to join up with Post Office service whereby customers can deposit cash (real time) to Monzo account by use of Monzo debit card…and customers are able to withdraw cash as well if needed.
There would be no need for any limits for cash deposits / withdrawals made via Post office!