I get my pay into my Monzo account. I’m self-employed now so its a transfer from my business account (with Natwest) but it’s fine, money comes instantly, before I’ve closed the Natwest app. I previously worked for a large multi-national company and they had no problem getting my salary paid to me. Best thing was waking up to see the notification the instant my salary came in. A few times I’d be awake at 2am and see it pop up which was a great feeling. Every bank I used in the past deposited money at random times, and there were times when I’d be constantly refreshing from midnight until 5am to see when money showed up.
I can’t think of any disadvantages to be honest! The only thing which is a pain is not being able to deposit cash, but I kept my old RBS account open just for this, which isn’t a problem for me.
Accounts are blocked if they trigger anti money laundering or fraud checks. It is the same procedure for all banks. Wages and benefits are legal and traceable so there is no reason why this would happen
Wages come in just after midnight for me and on the odd occasion I have still been awake, the sound of the app when funds are deposited makes for a lovely surprise. KERCHING
I would argue that that’s a bit of a cop out though, as it’s all the time and not just when my battery is low.
Also, every other app manages to have it’s notifications work, even when my battery is low.
Unless it’s due to the priority setting. I might try setting it to urgent (but still optimised) and see what happens.
The Trust Pilot reviews are by a small number of users who have been kicked off of Monzo for whatever reason (doing dodgy stuff with accounts, which would get you kicked off any banking platform) and are very vocal about it. If you visit the forums often enough, you’ll see them start threads repeatedly. Monzo staff obviously can’t talk about why accounts are closed but people like to cause trouble. The very vast majority of people don’t have any problems.
The reset date for all the budgeting is set to the 1st as default. Unable to change it to a different date. Do I have to get my first pay in this account to change it to 28th…the day I get paid…