I’ve seen a few threads on this topic, but was surprised to see no official documentation, which is making me nervous about how to navigate buying a house using my Monzo bank account.
I believe most payments like this are arranged by CHAPs, which isn’t documented at all by Monzo. Neither is anything to do with increasing payment limits.
Now that the chat function has been removed from the app, I’m nervous about how I will get the support I need to make a large payment. My money is all in Monzo, so I would have the same problem to transfer it to a conventional bank.
Is there an official procedure for this kind of transaction? What are the steps I will need to take?