Monzo in the Media 📰

No blue tick, all reviews from 2nd March :eyes:

Must’ve had an internal promotion going on :joy:

Considering most reposted recently, it’s not their actual account but who knows.

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Which app is that? I don’t do much social media…

Facebook, it came up as they liked a comment on one of monzo posts :grimacing:

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Annoys me that they use the term “reversed”.

They didn’t reverse anything, they just didn’t send the payments in the first place

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Those numbers are absolutely staggering. Do people pay no attention when sending money‽

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Click bait for sure. The undo payments feature doing its job.

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Including one butter-fingered customer who sent £2.5million by mistake.

And that’s enough of that article :rofl:

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Is that an exclamation mark and question mark combined? :exploding_head:

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It’s like those who have their eyes closed entering the details and send £1 first to make sure it arrived :skull:

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Known as an interrobang :nerd_face:

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Have to agree, I’m pretty shocked by the numbers. I wasn’t expecting that many.

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Today I learned! Thank you :laughing:

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Isn’t the default limit something like £10,000 for transfers, so they would need special permission from Monzo to send this much money?

Also I just tried to send my wife £2.3 million - right now as a test - and I got a message saying my balance is too low - so they must have millions just sitting in their account?

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What if it went through, and got held for fraud checks while your account is also overdrawn by that amount? :grin::grin:

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It doesn’t make it that far, literally as soon as you type an amount over your available cash it says you don’t have enough - you can’t progress.

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Pretty sure £1m is the account limit

There’s no limit to how much you can have in your account, but the bank might suggest you find alternative arrangements if you had multiples.

There was a post I’m sure years ago from someone at Monzo saying there isn’t a technical limit but there is a practical limit whereby the amount would effectively destabilise Monzo as an institution.

I don’t think I’ll be getting to that level any time soon.

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Same, but of course if Monzo wanted to spare me a few million I wouldn’t be averse to it :rofl: