I’ve just got my current account and have been excited for months for moving everything across to it. However, with the recent outage of Monzo services (even for the 1.5 hours or whatever it was), future failures could have the potential to be when my mortgage payment is meant to come out, meaning I miss a payment and get a bad credit rating.
I’ve tried looking online and it seems there is a 15 day grace period for late payments for Mortgages (and Monzo won’t be down for 15 days), but it still makes me nervous about the posibility. What are your thoughts?
Are there potentials for the standing order/DD service of Monzo to be somewhere seperate that can’t ever go down? I don’t know enough about mortgage repayments or missed payments, or late or how your credit rating is really affected and what the possibly implications are.