Cheque Deposit and Credit Card

[mtslater5 (Mark Slater)]

Hi there, two things…

1. Will Monzo be offering a credit card at some point?

2. Can we have digital deposit of cheques - for example on my other bank account I can simply photograph the front and back of the cheque in their app and deposit. No need to send the physical cheque anywhere. I was a bit surprised Monzo didn’t already do this given you’re much easier to deal with in terms of KYC & Pin recovery etc.

[o99]

Hi @mtslater5

Welcome to the community!

1. I don’t think Monzo have ever explicitly stated they are planning to introduce a credit card, although many have previously asked. The following thread includes a glimmer of hope they may be considering one - see post #7

Offer credit card

It would be ideal if you could offer a credit card, I want to stop having to deal with HSBC altogether but need a credit card for travelling (hotels, hire cars etc)

2. Monzo had originally planned to have mobile cheque imaging by now. But those plans got put back. I believe they are now planning to introduce in August

Making Monzo: Cheque Imaging

Hello👋 I’m Louis and I work in the Payments team. Earlier this summer we shared our plans to help you pay in cheques just by taking a picture. To bring you this feature we need to join a new payment scheme called the Image Clearing System. In June, we said we were working towards offering it at the start of 2019, but we have had to push this back to August. Why? We prioritise projects that will have the biggest impact on our customers. So for the past few months, we’ve been working hard on t…

[tomsr]

In a recent open office, someone managed to get a screengrab of a ‘Monzo Credit Card’. Whether this means much is anyone’s guess, as it could just have been a graphic placeholder.

Edit: It was @hoddzdj Offer credit card 💳

In regards to cheque deposits digitally via the app, no - not for the foreseeable unfortunately.

Edit: @o99 in before I needed to start getting references!

[o99]

@tomsr

In regards to cheque deposits digitally via the app, no - not for the foreseeable unfortunately.

Have they pushed the August target date further back?
I stopped following that thread.

[tomsr]

Yes, unfortunately https://monzo.com/blog/2019/03/22/pausing-cheque-imaging/

No date in sight currently.

[mtslater5 (Mark Slater)]

Great thanks. TBH I wouldn’t use this feature often either.

[December_zebra (Bowen)]

Would be helpful if this is possible though. Because some of our friends and families still cheque users, and they do provide easy payments, like I usually leave a cheque to the local farmer who deliver weekly vegetable to us. And not long ago (about a year) I had to pay my landlord with a cheque

[Ollie77 (Ollie Barton)]

The cheque clearing really needs to be sorted. In April i sent a cheque in and from start to finish it took 3 weeks to clear into my account. Completely unacceptable to be honest.