Launching The Bank

[alexs (Alex Sherwood)]

Moving this conversation here, to make it easier to find & keep everything in one place…

@jamesbrierley

Maybe @tom could provide us with an update on timelines in relation to getting the full bank licence?

The only reason I ask is that I’m just eager to kick my existing bank to touch as soon as possible and being completely sold on Monzo means i’ll be treating it as my main bank as soon as the license is granted.

One other reason is that it seems to me the pace of innovation will really pick up when you get given the full license.

@jamesbrierley

Was more referring to the nitty gritty of whats required to move from an a limited banking license to a full banking licence

This post outlines the steps involved -

Launching The Bank

but not the timelines.

It won’t be Q1 next year though -

@alexs

it’s also worth mentioning that Tom says at the beginning of the demo that the bank will be launching in spring / summer of next year so there won’t be a Q1 launch (which I checked with a couple of the Monzo team at last night’s Old Street event