Direct credit


One of the features Monzo is promoting on their business banking page is “Instant bank transfers and direct debits”. However I think it’s the direct credit service which is more important for businesses. So the question is what does it take for the bank like Monzo to offer this service? Is this something you have in your plans? Is it possible at all?

For businesses it is more important to collect payments on time to ensure smooth cashflow rather than different ways of spending capital.