Likely slowing I’d guess so as not to have to pay so many people the €25 welcome bonus as theoretically anyone onboards before the 30th gets the €25. That or they’d have to end the promotion early, guess it depends on how much they want to spend on marketing.
I believe their plan is to ‘fully launch’ Ireland later in 2026, which I would assume means scrapping the waitlist and let people register and join instantly.
My guess would be in reality they only need a certain amount of ‘early access’ people in reality and eventually they’ll completely slow down onboarding especially if and as they start to hit speed bumps and issues. Once the customer base scales even a small amount it will start to show them stuff.
We have the exactly the same system as the UK, sort code and account number. Some banks still even print the info on your debit card. It’s just we’ve embraced IBANs (in a way the UK hasn’t), so people seldom use them any longer.
Pretty sure all Irish ‘sort codes’ start 99-xx-xx and don’t overlap with UK sort codes, as way back when in times of yore they were integrated with the UK banking system originating when Ireland was indeed part of the UK and used the same currency.
The IBAN structure now is the same as UK where 14 digit account sort code and number form the last 14 digits of the IBAN.
The only difference being that they are not used here anymore or elsewhere in Eurozone - any display is informational and I don’t think debit cards show them anymore (but Ulster Bank did until very recently before they left. Maybe I’m wrong on that).
Curiously you may be occasionally asked for sort code and account number by merchant - I actually did get asked very recently when setting up a direct debit on Revolut which doesn’t provide a sort code / AC number in Ireland. I just filled it out by breaking out the last 14 digits of the IBAN into a ‘sort code’ and ‘account number’ and it processed fine - I expect when it hits the bank it just gets converted over to IBAN format for inside the SEPA area.
Hi. I got a text message “You got a referral 3 days ago, but didn’t sign up. Download the Monzo app, make a payment, and get a mystery reward.” I have downloaded the App, joined the community, and am awaiting further instructions.
Are you Northern Ireland? If so, this topic doesnt apply, and you need to add funds to your UK account; spend on your card, and you’ll receive a notification of your mystery award.
It may not be official, again they haven’t officially rolled out IBANs in Ireland that could be a temporary internal IBAN for testing for all we know that has happened to be assigned to an account. Monzo could have had testing IBANs or be able to create “test environment” IBANs that aren’t live on the SEPA network
The IBANs will be the final IBANs, but they are not currently routable via any payment scheme (which is why we don’t currently display them in the app, just on the statement).
Once we have finished the SEPA integration, we will start displaying these in the app and they will be able to receive payments.
In case you are curious, with the way SEPA works you aren’t actual able to start the process of joining until you are authorised as a bank. So we had to choose between doing nothing between getting the license and having SEPA ready or hoping to get some early testers that could help us test a more limited “early access” product in the interim. The prepaid programme we started in 2015 in the UK was really valuable so we decided to go the path of starting with early access and then adding SEPA support as soon as we can.
