As you probably already know, we’re a bank!
But what does that actually mean? 
Find out the answer in today’s blog post!
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Good read and will help put peoples minds at rest that Monzo is a real bank
Something I could never figure out, but you were initially given a restricted banking license. What does this mean?
I found this on a web search
The restricted licence will let Mondo hold customer money for the first time - the crucial thing that makes a bank a bank - and let it test its products and services with a limited number of customers. Once regulators, the Financial Conduct Authority and the Prudential Regulation Authority, are satisfied, they will lift the restrictions.
http://uk.businessinsider.com/mondo-restricted-banking-licence-fca-2016-8
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