Pension question

Is it possible for my UK pension to be paid into my Monzo account?

I am a UK resident and even though my pension starts in 2025 I really want to close my traditional bank account. Why? Poor service after 50+ loyal years :frowning:

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Yes. Monzo is a bank. Just like all the others.

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As @Revels said, not a problem to pay your pension into Monzo.

But if your old bank account is branch based it might be worth keeping it open if you deposit cheques or cash occasionally. I’ve kept my old Smile (Co-op) account just for that reason.

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Thank you for your replies. Much appreciated … and reassured.

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