I know folks, although I cannot vouch for the past we are actively working on both cheque imaging and Post office. Like I said before, think next year we’ll land more than the 2 years before. And if not I’ll be accountable for that. Let me get folks here soon to talk more about those two. Deal?
Starling will probably start launching new products having read all this
That would be great, thanks @fernandofanton
Blimey. What’s the inflation rate this week?
Cozzy livs and all that
I want to see a Monzo.me screenshot of the monies paid
This to me?
Username and I’ll ping those pennies
There are a few comments I’ve seen where people need to pay up on their bets. I’m praying I haven’t said such a thing in the past
I don’t have to pay until it’s done, so I’m safe for a while!
This is great news!
I’m curious if Post office will require a new chip on the cards so it works for depositing + withdraws unless its cheque only.
I think monzo already did change the chips, or that was never an actual issue. Can’t remember which way round or if I’m confused with another. But the current cards aren’t a problem, there’s just no agreement.
I’m pretty sure that sort codes are just software - they can do whatever you need them to do.
It links to this URL:
https://www.sortcodesinfo.co.uk/Documents/Pay.UK_Clearing_Codes_Rules.pdf
I’ve not read it!
It also does say that organisations can keep their sort codes when switching from indirect to direct in certain cases, so it’s possible it was at one point registered as indirect and therefore no cheques, but that would mean everyone with 04- went direct including revolut etc? I’m not sure.
Perhaps that means they don’t / can’t issue cheques? Because if you can pay a cheque in by posting it to Monzo there’s surely no reason you can’t do it in-app if they make it available.
I think cheque imaging is handled by a middle man as such, whereas physical cheques the bank deal with directly.
Could be wrong, but I remember in a previous job having to chase up a third party company for cheques deposit via the app, and having access to a third party system to view them.
It could also just be a legacy thing and the banks don’t have the tech to do it themselves whereby monzo etc could probably do it.
Not a clue. Can only go from our experiences I don’t deal with anything remotely close in my current role.