Monzo Labs: Easy Bank Transfer

Making Monzo Monzo Labs
24

So far working well with all my accounts. Really slick interface

25

Usuccessful transfer :slightly_frowning_face:

Steps

  1. Select the bank the the transfer amount
  2. Taken to Natwest app (Latest version)
  3. Entered passcode, selected account and confirmed amount to transfer to Monzo
  4. Then I’m taken to Safari browser which provides link back to Monzo app
  5. Goes straight back to inital screen where I input the amount of money to transfer

May be a silly question but screw it. Is there an easy way to transfer money between my Monzo current account and Monzo business account? Perhaps I’ve missed the way to do this.

Edit: Easy transfer works via Natwest now! Awesome

2 Likes
26

Thanks for reporting this. Are you logged in in the Natwest app? Are you on the last version of their app?

27

Tested with Santander, worked great.

28

HSBC all slick.

1 Like
29

I was prompted to log in to the NatWest app when initiating the transaction (and I logged in successfully). It’s the latest app version.

30

Nice feature.

Tested with joint monzo account transferring money from a joint NatWest account. All went through smoothly.

31

Great work team :balloon:

Tested with First Direct, worked well :+1:

32

Looking good!

Could this be expanded to add money directly into a pot at some point in the future :pray:

7 Likes
33

Worked no problems with Barclays.

Can I suggest implement the option to choose the reference of the transaction if possible

2 Likes
34

Tied it with Nationwide, first time failed.
Second time worked fine.

image
image828×1792 175 KB

money arrived instantly.

1 Like
35

That worked flawlessly with Lloyds. Bravo!

I was expecting to have to enter my account login etc (Which I’ve long forgotten) so glad it just switched apps and got FaceID to verify.

36

Barclays - “OBA19 Sorry this feature is currently unavailable. Please try again later.”

edit: probably because I moved phones recently, under Settings > 3rd-party permissions there’s a dialog that the feature may not be available for 10 days :frowning:

edit 2: Confirmed this is the case

37

Another successful test with First Direct :+1:

What, erm… what’s the point of this feature? Is this supposed to be useful in its own right (if so, how?), or is this merely an early test of opening banking and aggregation tools (in which I can completely see the benefit)?

9 Likes
38

I have a pending replacement card so I don’t have access to the add money button, does anyone know if another way to access it?

I can access this new feature via the monzo labs feed item.

1 Like
39

Nationwide all good, although I had to select what I was paying for in a drop down and then tick to confirm I wasn’t the victim of fraud.

One thing (which is a Nationwide / Confirmation of Payee issue): I transferred a pound then transferred it back using the link on the incoming transaction screen. Because Nationwide present incoming payments as surname first it then fails CoP outbound, even when you’re just using default values. Which seems a bit odd.

3 Likes
40

So you can top up in app rather than the faff of opening a different app and doing it from there

5 Likes
41

I was wondering whether it might live in the “Request” section of payments once it moves out of Labs but at the moment seems to be just through the feed item or “Add Money”.

1 Like
42

In fairness it isn’t necessarily fewer clicks but may be easier. If you haven’t set Monzo up as a payee it’s certainly much easier if you have to get a card reader etc.

I just checked the banks I could:

Bank Transfer Easy Transfer
Nationwide 10 15
NatWest 9 8

It varies based on the screens the other bank put in their Open Banking implementation.

1 Like
43

A bit more detail - If I try this from the feed item, I get the error. If I do it from ‘add money’ it silently fails.