Louís, thank you for the update. This is a facility that will be of great use to me and I have mentioned it here recently. However, this kind of update is excellent and I hope this openess will continue
Thats a real shame, I love Monzo but cheques are my biggest pain point at the moment. I end up getting quite a few and often in >£100 value that I don’t feel comfortable sending freepost. This ends up costing me a bit to send them recorded delivery and even that I’m not very happy with how long the whole process takes.
I know there is no way around this now, so I will just have to wait. But in the mean time I feel like I have to re-open my natwest account just for depositing cheques.
An alternative that may be better for you, would be to open an Easy Saver with Lloyds or an Everyday Saver with the Halifax, which can be completed online. To then deposit cheques, by image through the Mobile app; wait for them to clear the next working day and then; setup up a Bill Payment in favour of your Monzo account and simply transfer the proceeds. Simple within, of course, the current virtual clearing limits
Good idea but hopefully Monzo will have it soon enough
I keep my Halifax account open for this feature. It’s great.
It’s a shame we have to wait this long for Monzo to join the club.
Shame it’s 7 months away the cheque I’ve just received expires in 6 months
Hopefully another cheque arrives closer to the time so I can test this awesome feature though I doubt it I believe this is only my 3rd ever cheque
I find it odd how they couldn’t do both at the same time, but maybe the team that does payments is small
I think however big a team is there are always going to be trade-offs and relative priorities to consider. This stuff is hard!
I wouldn’t say it’s small. We have a lot on our plate between these new schemes and improvements to the existing ones. We’re doing this in addition to improvements to Mastercard processing, our connection to Faster Payments, Bacs processes, etc.
It’s one of those do this on top of all the other things you’ve got to do type of things. I completely understand that . Good luck with it all
Is it possible to drop off cheques in person at the London Monzo office?
I wonder if it’s possible to just post it through their door during evenings/weekends.
…from the To Do List, seems not B4 August Of this year