IDEA: Monzo Lottery

Hey guys - I’ve been thinking of a fun idea that could really work. It’s pretty simple - you send £1 or something small to a shared pot for all Monzo customers. One entry per person and every week or month an account number is drawn at random and the pot is sent to them. Think National Lottery or Postcode Lottery but for banks.

Thoughts? Could this be done without needing some form of gambling/competition license?

Hi Stu,

There has been a bit of chat about this sort of idea in a couple of threads! I for one really like the idea of making it a little bit like NS&I personally.

Here are the threads that talk a bit about it: