Getting a Monzo Bank Account if You Live on a Boat

[tristan (Tristan Thomas)]

In the UK, tens of thousands of people live on boats. We think they deserve easy access to banking too!

Here’s what to do if you’re one of them.

Banking Aboard: Getting a Monzo bank account if you live on a boat

[Rat_au_van (Em)]

Wish you’d kept the Oarsome Banking title

[Jackcrwhitney (Jack)]

Great news to hear people can open a Monzo account in this way!
How would it work if they then wanted to apply for an overdraft afterwards as wouldn’t the address have to match whats on their credit file to reduce the chances of rejection?

I presume they may not be able to get one, as the blog posts talk about being financially inclusive with regards having access to basic bank features?

[PeteyPie (Pete)]

Nice! At some point I want to rent out my house and move onto a boat!

[anon44204028]

I sea a wave of nautical puns coming! You’ll have to get Admiral in your marketplace. With the app helping financial management it will help the boat owners keep their account afloat so they are not drowning in debt.

[Anarchist (Press ‘Help’ search ‘Contact us’ or email help@monzo.com or call 0800 802 1281)]

I can’t help feeling that this thread is not unconnected to this one.

Monzo float or Monzo crowdfund

Monzo had a schedule to raise a certain amount each year until 2020. Average raise needed was a round £16-20m - however Monzo raised £71m in November last year which I think made the schedule redundant as due to the explosive growth they were able to raise all the money needed early and in one go. Monzo are also hoping to break even this year I believe. However, with growth being more than exptected that means staff levels are higher and therefore costs are higher so is it nearly time for Monz…

[rarther]

Extracting the ‘boat’ thing (it could be a bush or a bin, doesn’t make a difference) the summary of this is that if you don’t have an address you can receive a card at an address which isn’t yours.

Why does it need to be a friend or relative? Why can’t this be extended to ‘if you don’t have an address, you can get a card delivered to a CollectPlus participant?’ thereby making it truly suitable for anyone outside of society’s norms?