I honestly don’t think it would, actually. AML are (in my personal opinion) ridiculous in this area, and they’ll be insisting on proof of source of funds next.
(I’m not saying that such a letter together with other documentation wouldn’t be enough, but it’d only be one out of several documents needed to satisfy everyone.)
But wouldn’t the fact that a pot is still within the same account (no separate sort code/account number) be sufficient for AML?
The letter would prove that the pot can only be funded from your main account and only withdrawn to your main account. On a purely informational level all you need in a ‘pot statement’ is thus represented on the main statement
The logic is irrefutable, Captain
Edit: no idea if Spock would say that but it felt like I was channeling him 
I’m far from a specialist in this area, so take this with a grain of salt, but I think it would depend a lot on implementation:
If you got a statement of your current account, and a separate letter from Monzo stating that on top of your current account balance, you have a pot that has only been funded by you from said current account, then I think the lender and your solicitor would most likely get quite nervous, as they couldn’t independently verify source of funds themselves, and couldn’t find a neat tick box. I’m not saying you might not find the odd lender/solicitor combination that would accept that, but I think you’d fight an uphill battle.
Not saying it isn’t. Just saying AML aren’t logical, and the implementations around them even less so …
[edit: Just to say that source of funds is different from proof of deposit, and comes at a later stage. The original question was about proof of deposit, and the letter you suggested would likely satisfy that. However, at a later stage of the process your solicitor will enquire about source of funds, and that’s where I’d have concerns with this letter.]
Having worked in AML my feeling is there is no logic and different individuals will use different judgement and opinion as to what satisfies them or not, and different companies (sometimes in the same group) have different guidelines for their staff.
Which gives some hope as if one company is not willing to deal with you, a competitor hopefully will.
The problem is that by that time you are usually so far down the rabbit hole that switching lenders or solicitors will lead to you loosing loads of money, and/or the sale falling through completely.
(Yes, conveyancing is that silly in England …)
Conveyancing in England is hell. It took us months to exchange properties in the UK but the same thing can be done in 15 minutes in some countries!
Oh, I could tell you a story that almost ended with us being homeless due to the whole nonsense. But that’s for another day and thread …
No definitive response from Monzo support but my broker is going to check with their compliance department. The remaining option is to submit a gifted letter from a family member as an alternative 
That’s a shame (and, quite frankly, rather silly) monzo can’t help with such a simple request!
Just make sure you also let your solicitor know that you can’t provide statements for your savings, early on, to avoid the stress at the end.
And be aware that there is a £10k a day outbound payment limit for monzo, so you may have to transfer your deposit to your solicitor over several days, unless monzo agrees to lift the limit for you, which they apparently sometimes do.
I don’t think it’s a case of “sometimes” they will lift the limit, they almost certainly will. It is just that at the moment, you need to notify them 3–4 days in advance. The issue previously had to do with education on the issue for the COps team, but Tristan said that would be sorted out. Official stance:
Yes, I think they will in general do that, if you give enough notice, but ultimately it’s at their discretion. But I agree “sometimes do” left the wrong impression here.
This is the question I’m being repeatedly asked by my broker:
“Are you able to get screenshots for the Monzo account that show any transactions also, particularly your savings pot with the money coming in and out of the main account?”
With no way to print statements from the pot and so far no official response from Monzo I’m stuck. I’ve sent the broker a printed statement from the main account showing funds being sent and received from the pot but there is no way to show them a statement from the pot and this is the issue.
Can you transfer the money from the pot to your main account, and then back again? That should show that you have access to the amount.
I think it was doing that that caused the problem. The nice folks at Monzo have provided me with a ‘pots statement’ so hopefully that should do the trick.
A response to this would be amazing. Having a drop down list of the last five transactions & the option to generate a “pots” statement would be amazing & extremely useful.
I’ve run in to a few situations recently where I could have benefitted from seeing my recent transactions 
Edit: @GalaxyMergirl any thoughts? And I’m sorry about the post yesterday. Genuinely 
We are implementing custom statements - you’ll effectively be able to create a statement for one day, if you needed to see the most recent transactions.
With regards to Pot Statements, it’s not something we offer at this time but I’ve raised the idea with product.
In this specific instance, we created the statement manually for @Allydoc - whether it’s appropriate to automate this completely depends on how many people would use it. I would say it’s more likely to come into play when Pots have more functionality, and in the meantime if people really need one we’ll continue to manually generate them.
What post? And you know my thoughts on pots, and I love overall Monzo product so I try not to dwell on here on things I’m critical of. To me, Monzo’s trying to have their cake and eat it too with pots. They’re different accounts when they want to charge overdraft fees even if your total account (including pots) isn’t in overdraft; but they aren’t different accounts when people want statements for them?
I’m not a fan, needless to say, of pots. But hey, that’s me 
Thanks for that.
I wouldn’t mind one being manually done at all, in fact… I would kinda like it.
Hand crafted bank statement