The only thing stopping me from going 100% full monzo , and I dare say a lot of people is the cash limit deposit. I really don’t understand why monzo didn’t sign up to the post office scheme …
It explains to prevent any laundering and mitigate risks along with other processes in place.
If you’re taking more than £1000 cash every 6 months, possibly worth checking out a business account if it’s in that form?
Surely this day in age nobody is handling that much cash as most things are digital.
It’s not based on the pay point not wanting over £1000, so going to the post office won’t change anything. It’s the banks rule.
High street banks may also be conscious if you’re regularly adding in cash 
Edit: having said about the business account, I think the rule may be the same as personal account.
Cash heavy this day in age sounds dodgy in my opinion 
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Most people are not paying in this much cash, so it’s not really an issue for the most part.
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So what would you recommend if for talk sake you’re getting married and receive cash for a wedding gift ? As I’m sure you’re aware weddings can be expensive 
starling have a 5k every 12 months limit as do other neo banks … I love monzo but it’s the one thing they really should improve on and I think most customers would agree .
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If it’s to help towards the wedding, ask for a transfer? If it’s a present to go with the card, ask for a cheque?
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Can’t see Monzo upping their cash deposits as reasons noted above.
I’d recommend having a Starling account or other high street to hand in any eventuality, such as this.
Could also spend the cash on whatever you intend to, as cash.
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My friend got married in the summer and received around 5k in money (wedding presents ) from family and friends , him and his wife were both full monzo customers and they had to open an Ulster bank account to deposit the money because of monzos limits . I am due to get married this summer myself and I am already having problems with cash deposits … it’s cheeky asking friends and family to simply transfer money over … people of a certain age still like to deal in cash . There is always going to be times in life when you receive cash and need to deposit it … nothing dodgy about it …
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As I say it’s the only thing I’d love monzo to change … otherwise great bank 
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I’d recommend having a second account somewhere, ideally one that’s VISA.
Then in the unlikely event of a whole network going down, you have an alternative. Plus high street banks are easier for larger amounts of cash, and cheques.
It’s good not to be solely reliant on any bank, regardless of how good you think they are. I think Monzo are great but I still have a Lloyds account too.
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I agree totally, I get my wages in cash every week and have Ulster bank account for cash deposits. A lot of small business still pay wages in cash, as it saves them fees for depositing it themselves. As Jonny has mentioned Ulster bank account I’m assuming he’s from Northern Ireland also, wedding gifts here are typically in £50 notes or £100 note in a card, maybe different over in England but you wouldn’t dare ask your elderly auntie for a bank transfer lol
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Imagine telling you’re grandmother who is only back from the credit union with money for you’re wedding that she should of transferred you it the 5k deposit limit that starling and several other online banks offer should definitely be something that monzo look into …
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Starling has changed recently I think to a fee for depositing cash, first £1000 per year free I think! Also when we got married some people wrote cheque to mr and mrs (surname) so be prepared for that, so may need joint account to lodge them.
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If only there was competitors who have branch networks which don’t have low paying in limits for cash. Wow would be living the dream then 
oh wait they exist.
Monzo will have done the maths and full well know they can easily survive without having to allocate higher levels of paying in cash to customers.
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It’s something they can improve on and maybe will ?
It’s risk based and the information they use to decide this so far means it’s not something they will be increasing any time soon unless customer behaviour changes on large scale.
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i couldnt actually say the last time i used cash , even my elderly mother can work the monzo link and shes in her late 70s when she sends me money for crimbo
I’ve still got the same £10 note I had since before the pandemic. (okay, and a small handful of loose change: less than £1.70 worth).
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I’d still use some cash for small purchases now and again and some takeaways around home are cash only.
To be honest you’ve more chance of seeing pigs flying than a big increase in allowing cash payments. Just don’t hold your breath as it a topic that comes up every so often. Good luck though
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It’s always good to have a legacy account even if it’s a savings account so you don’t have to run a credit check for a current account, then at least you can deposit, then transfer to your Monzo account.
Or go fully cashless 
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