Hi guys, monzo used to enable savings on other banks like shawbrook, paragon, oaknorth. It seems that they have disabled and heard that they are exiting the relationship. It’s very apparent that it’s wise to transfer all your money ASAP from these banks to Monzo’s own products.
Whilst it may be apparent to you, maybe you could explain it to the rest of us?
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The money in those accounts is fine; if you have a product open it will remain open. You just can’t apply for those products any more.
If monzo were to close those savings accounts it’s at least 30 days notice to you to move the funds to an alternative provider.
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Or you could move it to those banks directly.
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