It would be really disappointing if Monzo made a fuss about these payments, wouldn’t it?
I have accounts with Santander, TSB, Barclays and Natwest, and have run into this situation in each of them (it’s that month that I decided to get more organised ), without having an overdraft agreement in place for any of them. For all of them I could simply transfer some money in by 3, 4, or 5pm (slightly different deadline for different banks) and they’d not charge overdraft fees, not report to referencing agencies, and not return the SO or DD. It’s as if the whole thing never happened.
I would hope that for all of Monzo’s feel-good, we-are-always-our-customer’s-friends, have-a-
hug-emoji approach they’d at least not be worse than those dinosaur legacy banks. It’s a shame, though, that there is absolutely no information about this on their website. Contrast this with Barclays, Santander and TSB and it’s pretty prominent on all their websites.