Introducing Monzo Flex – a better way to pay later 🚀

Limit change is live for me on iOS.

Will there be an option in the future to possible reduce the interest rate on flexing over 3 months?

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Flexing over 3 months is free… soooooo - no, we probably won’t reduce the interest for Flexing over 3 months…

Assuming you mean over 6/ 12 - yes, reducing customers interest rates over time is something (at least I’d) like to do - it’s not on the next 3 month roadmap though.

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Just got upped from £500 to £3000. Makes Flex much more useful for me now and will most likely take advantage of it more often.

Cheers @TheoGibson and team

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I would think so as they’re both NatWest group.

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Same here, £3k to £6k. Imagining buying something for £5k and paying via my phone :grin:

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Talking in non flex terms Apple and Google pay has no limit. Theirs an estate agent near that’ll sell you a house online with Apple Pay.
I tested it on a 1.2m house. Sadly it got declined for not enough funds, I just had hope it’ll magically go through.

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Limits will all depend on what the retailers accept an all, some place a contactless limit regardless of card or device been used.

Then I’ll be sat in my house on my bill crying knowing I’ll never ever be able to afford to pay it off :melting_face:

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Summed it up there, places have to in the 1st place :joy:

Surprised the bank didn’t call to find out what’s happening :joy:

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My vets don’t allow anything beyond £100 on contactless, be that card or device. Literally refuses the transaction on the terminal.

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No increase for me :frowning:

Understandable, I guess, as I’ve only just returned to using Monzo as my main account so there’s no recent activity to speak of to get a picture of my regular spending and income. I was using Flex, though.

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Yes this is what I meant haha my bad

£2k to nearly £6k for me.

I don’t intend to use the longer periods that incur interest so really £1k is probably plenty for me so that I can comfortably pay it off in 3 months but upped it anyway! You never know when it could be handy!

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IKEA furniture and meatballs

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I flexed a large purchase recently and paid with Google Pay :ring:

If I tried this in Asda or a petrol station I’d immediately get told that “it can’t be done” however the jewellers I went to didn’t bat an eyelid, so it must be getting quite common.

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Congrats! :tada: :wedding: ?

(Can you buy engagement/wedding rings at Asda or the local Texaco? :wink:)

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On iOS here, just went from £1500 to £3000. Never know when it might come in handy……. In Disneyland Paris this week, after day one of three in parks, I think I might need flex to buy a lolly and a coke by day 3.

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Flex from a Pot…

Does it treat it like a direct debit that shows it out and then does it? Or like a virtual card?

Before I do it, I want to know if it’s going to another thing that breaks my dashboard! @Lewis_P/@BritishLibrary have you tried it?

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