I know this has been answered before, but can we expect being able use Guernsey, Jersey, Isle of Man addresses to register our Monzo any time soon?
I know that banking licences against small populations are the issue, but if it was made a Monzo plus option would that make it more viable?
We are all British, live in the British Isles and very few of us have UK addresses, all 250,000 of us!
Unlikely, Monzo Plus is not available for Channel Islands even if you have an existing account which is very disappointing as I quite like some of the new features.
The process for getting a banking license and regulated in the Islands is quite onerous and and probably not worth their time for the relatively small number of potential customers they will gain.
I have been using Monzo for years (and i live in Jersey) I have found out that i am unable to upgrade to Plus or Premium which is a little upsetting. But I’m now worried about the future of my account… I am just about to move my direct debits over etc, but am a little reluctant if i am going to closed down, or shut off shortly
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