I’m looking at going full monzo from Lloyds… I’ve had a snoop and you dont seem to be able to deposit at a post office. Is this something that is in the works, as I use it every once in a while. I’ve seen people in shops paying in using PayPoint but we shouldn’t be penalized for paying in cash?
I know I can use Starling or someone like that to pay in for free, but its not always convenient is it?
This thread below is the ongoing one for the last 4 years.
I wish it would happen, but I highly doubt it will unless Monzo pulls a rabbit out of a hat. The former CEO/President mentioned they were in talks with the Post Office at one point but that was way back in February 2019 and nothing has progressed since then.
Q192 Charlie Elphicke:Mr Blomfield, would you bother doing a deal with the Post Office, or do you just think, frankly, “We’re on the internet. We’re on the telephone. We do not need any kind of branch or physical presence”?
Tom Blomfield:We do not currently have a deal with the Post Office. We are in discussions and there is a possibility that we will, in particular for cash provision. The withdrawal or paying in of cash is declining, but it is not going anywhere in the near term. For the vast majority of other services, our customers prefer to use a mobile app, which is open 24 hours a day.
Q246 Chair:Does Monzo charge people who want to put cash in their account? Is there a charge for that?
Tom Blomfield:I apologise; yes, there is. We have two fees that I should mention, both related to cash. Cash is expensive. Depositing cash is a £1 fee using PayPoint. We are in talks with the Post Office and there will also be a small fee for using the Post Office. For withdrawing cash in another country above £200 a month, again because it is expensive, we charge a percentage fee.