My girlfriend has had a Monzo account since January but has only recently started using it as a daily account for ‘fun money’, all salary and bills still go out another account.
Whilst British, she is also a Canadian citizen, qualifying due to her father and she has a Canadian passport but has only ever visited once, on holiday, for 2 weeks. She has lived and worked in the UK all her life.
So, when she signed up and the question of citizenship was asked, she declared her Canadian citizenship but she would not be considered a Canadian tax resident.
It appears when she signed up, by declaring herself a Canadian citizen, the Monzo app automatically declared her as tax resident in Canada. She only recently realised this and has corrected this information so she is listed only as being tax resident in the UK.
I can’t imagine any more than £400 has passed through her account since it was created and all details are now correct. Is this likely to have caused any issues? Can someone clarify whether Monzo automatically lists you as ‘tax resident’ in a country if you declare citizenship? Seems a bit confusing as of course, many people have dual citizenship without ever being tax resident in one of the countries!