Hi Mozno community!
I have just started using my Monzo card and I find it truly amazing. It gives a really good vibe and I honestly cannot wait for all the new features like current accounts to be added.
Yesterday, I had a discussion with my friend who claims that if Monzo goes bankrupt it will not affect my money like it happens with traditional banks. If physical banks fail, your money vanishes with them.
How does it work with Mozno? Is it actually safer than traditional banks? Could someone explain me this? I would like to see whether me or my friend was right.