I’m looking forward to when Monzo launches it current accounts sometime this year. However I am wondering how the transition from prepaid card to current accounts is going to happen. Will we automatically be offered a fully working account as existing users of a prepaid card or will we be need to pop into a local Crown Post Office or designated business to produce two forms of ID. I for one don’t like sending documents in the post or unknown businesses copying my legal documents which could potentially lead to fraud with my personal details.
I believe it will all be done online, no need to pop down to the post office.
That won’t be needed as identity can be verified online over a video link for example. Challenger banks tend to verify ID online but I also heard with some high street banks they now use this method for customers opening accounts via their website
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