Hi. I notice monzo has deposit limits.
My question is this, I am, unfortunately, due to receive a redundancy payout in a few months time. This will initially go to another account with another bank.
After I have used some of the payout to clear all existing financial products (loans , overdrafts etc) i will want to transfer the remaining funds (approx 25K) to monzo and cut all ties with the other bank (santander).
Considering the amount will this be allowed?