Another way that this could work is the business wouldn’t need a Monzo account, they could simply sign up to a database that Monzo manages, then when a Monzo user makes a payment to that business. Monzo would hold onto a portion of the amount paid & donate to the charities that the user’s selected in their account.
That way, there’s no need for business accounts or for the money to be transferred twice (once to the business & then onto the charity) which should reduce fees.
Great idea though & one that the new Head of Partnerships could set up.
Charity donations have been discussed here but in a different form -
One significant difference between this approach & the one that’s been suggested in the post that I’ve shared the link to, is that Monzo would be managing this feature whereas a 3rd party developer could create an app for the other.
As an alternative, a third party could set up, manage & integrate the database of charities with the Monzo app too which would enable other payments providers to use the same database.