I accept there will be a point where account holders will start to receive interest, however, due to religious reasons I cannot accept interest, hence why my basic HSBC account works fine.
It would be good to know if Monzo is able to offer this choice once they begin paying interest. If so, may I suggest within the app the following options if the customer doesn’t want to receive interest:-
- Monzo keeps the interest and does whatever it like with it
- The customer can opt to have the interest due to them to be paid to a charity selected by the Monzo team