I was wondering whether any seasoned Monzonauts could share their experience of paying in cheques?
I posted a cheque to Monzo last Thursday afternoon (30th Aug). I’d imagined it would be collected by Royal Mail on Friday and delivered to Monzo on Monday.
Monzo’s help articles say to allow five working days after they receive a cheque for it to be paid into your account, so I was kind of expecting to see the money next Monday.
Today I had notification from Monzo saying they’d got the cheque (a nice touch, and very reassuring). But the notification also says the money might not appear until Sept 14th.
That’s a fortnight after I posted the cheque! I know cheques aren’t the fastest way to move money, but this seems slow - slower even than the 2-4-6 timescale I was expecting.
What have your experiences of paying in cheques been?