Hi James, Tristan and Monzo team
I have just received access to the new current account, However my employer is asking for a recent bank statement or a headed letter before they will pay my salary in to MONZO for audit purposes.
To be honest with so many money laundering laws now in place I do not blame them.
As this may come up a lot for other people as the Current Account gets rolled out I thought it would be useful if Monzo could post a PDF letter on headed paper some where on the Monzo website or Forum stating to “whom it may concern” explaining a bit more about the BANK and its official authorised bank status and address.
I have already sent my employer this link - https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000002syvKiAAI
But they still want the statement or headed letter and there is no point arguing with them as at the end of the day its up to them so if Monzo provided the generic letter it might help more people switch over quicker