I see a lot of people here stating that £1 isn’t that much money and that people should take the hit. It’s nice that you have lives that you can throw away £1 here and there.
Sorry to bring my soap box out again but I live in one of the, if not the, most deprived areas of the UK. I know that £1 can be a lot of money for some people who only have £10 to last them the next 2 weeks. Maybe they need to put it into their bank account to pay a bill. Losing £1 is a lot to them. The amount of times parents tell my school when they get paid so that they can rush to school to pay their children’s dinner money. The amount of times I pay for things for certain children in my class.
Monzo needs to be a bank for everyone, not a middle class section of London.
If you didn’t realise, I disagree with any deposit fee and feel Monzo should absorb it like they do for things like Apple Pay. The Coop Bank, who almost went bankrupt, has free cash deposits using a card at the Post Office which credit (almost) instantly. Wow, I would never have thought I would say the Coop were better than Monzo.