Maximum balance


(James) #1

Just wondering when the maximum balance will be lifted so I can have a higher balance. 10.000 is ok but sometimes i would like to keep a bit more in.


#2

It is because Monzo are currently in Beta with a prepaid card.

Once the current account is launched with a full debit card that restriction will be lifted.


(Rika Raybould) #3

Considering that Hugo even designed this mock screen of the app, I think it’s safe to say that the full current account will be capable of holding balances above the £10,000 limit currently imposed on the prepaid card.

For now though, I’d be concerned if you were holding a balance anywhere close to £10,000 in any prepaid card when considering the lack of FSCS protection and the limitations of the beta program. :worried:


(Marcel W.) #4

:mondo: does say to get in touch with them if the limits are to low for you.


(Tony) #5

£10,000 is too low!? The most I’ve ever had on my card is ~£250!! :expressionless:


#6

But buying a ticket for a trip to the international space station, the odd spare Bentley or two, or paying to refuel your plane…


(Tony Hoyle) #7

Monzo probably wouldn’t work on the ISS due to the inability to do online transactions.

But I volunteer to be the first user to try.


#8

I volunteer my ex to try it out :joy: